Mdu Resources (MDU) Operating Expenses (2009 - 2026)
Mdu Resources (MDU) posted Operating Expenses of $490.3 million for Q1 2026, up 14.91% sequentially from $426.7 million in Q4 2025, and down 12.76% YoY from $562.0 million in Q1 2025.
Mdu Resources (MDU) Operating Expenses (2009 - 2026) Analysis & Trends
Mdu Resources (MDU) has 18 years of Operating Expenses data on file, last reported at $490.3 million in Q1 2026.
- Quarterly Operating Expenses fell 12.76% year-over-year to $490.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (down 3.18% YoY) and the FY2025 annual result came in at $1.6 billion, up 6.19% from the prior year.
- Operating Expenses grew to $490.3 million in Q1 2026 per MDU's latest filing, from $426.7 million in the prior quarter.
- The five-year high for Operating Expenses was $1.3 billion in Q1 2022, with the low at -$1.7 billion in Q4 2023.
- Average Operating Expenses over 5 years is $414.2 million, with a median of $490.3 million recorded in 2026.
- Year-over-year, Operating Expenses tumbled 91.1% in 2022 and surged 126.59% in 2024.
- Mdu Resources' Operating Expenses stood at -$1.3 billion in 2022, then slipped by 23.59% to -$1.7 billion in 2023, then soared by 126.59% to $441.0 million in 2024, then declined by 3.24% to $426.7 million in 2025, then advanced by 14.91% to $490.3 million in 2026.
- Business Quant data shows MDU's Operating Expenses at $490.3 million in Q1 2026, $426.7 million in Q4 2025, and $275.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | - |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 1.54 Bn |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 1.93 Bn |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 638.37 Mn |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 578.80 Mn |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 248.54 Mn |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 490.27 Mn |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 8.00 Mn |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | 32.70 Mn |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 34.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 490.27 Mn |
| Dec 31, 2025 | 426.67 Mn |
| Sep 30, 2025 | 275.20 Mn |
| Jun 30, 2025 | 320.85 Mn |
| Mar 31, 2025 | 561.97 Mn |
| Dec 31, 2024 | 440.97 Mn |
| Sep 30, 2024 | 254.85 Mn |
| Jun 30, 2024 | 304.90 Mn |
| Mar 31, 2024 | 491.62 Mn |
| Dec 31, 2023 | -1.66 Bn |
| Sep 30, 2023 | 916.19 Mn |
| Jun 30, 2023 | 1.01 Bn |
| Mar 31, 2023 | 1.31 Bn |
| Dec 31, 2022 | -1.34 Bn |
| Sep 30, 2022 | 941.49 Mn |
| Jun 30, 2022 | 947.24 Mn |
| Mar 31, 2022 | 1.35 Bn |
| Dec 31, 2021 | -702.20 Mn |
| Sep 30, 2021 | 1.40 Bn |
| Jun 30, 2021 | 1.29 Bn |