Mdu Resources (MDU) Operating Expenses (2009 - 2026)
Mdu Resources' (MDU) quarterly Operating Expenses came in at $490.3 million in Q1 2026, down 12.76% year-on-year from $562.0 million in Q1 2025, and up 14.91% quarter-over-quarter from $426.7 million in Q4 2025.
Mdu Resources (MDU) Operating Expenses (2009 - 2026) Analysis & Trends
Mdu Resources has disclosed Operating Expenses across 18 years of filings, most recently posting $490.3 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $490.3 million, down 12.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (down 3.18% YoY), and the FY2025 annual result was $1.6 billion, up 6.19% from the prior year.
- Operating Expenses came in at $490.3 million for Q1 2026 at Mdu Resources, up from $426.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q1 2022 to a low of -$1.7 billion in Q4 2023.
- The 5-year median for Operating Expenses is $490.3 million (2026), against an average of $414.2 million.
- Across the five-year window, Operating Expenses sank 91.1% in 2022 and jumped 126.59% in 2024, its largest moves.
- Mdu Resources' Operating Expenses stood at -$1.3 billion in 2022, then fell by 23.59% to -$1.7 billion in 2023, then soared by 126.59% to $441.0 million in 2024, then decreased by 3.24% to $426.7 million in 2025, then increased by 14.91% to $490.3 million in 2026.
- The last three Operating Expenses figures came in at $490.3 million (Q1 2026), $426.7 million (Q4 2025), and $275.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.27 Bn | 28.14 Bn | - | - |
| 2 | Nisource | 22.59 Bn | 24.79 Bn | 1.83 Bn | 1.54 Bn |
| 3 | Ugi | 7.52 Bn | 6.97 Bn | 1.50 Bn | 1.93 Bn |
| 4 | New Jersey Resources | 5.54 Bn | 5.41 Bn | 826.91 Mn | 638.37 Mn |
| 5 | Black Hills | 5.53 Bn | 5.50 Bn | - | 578.80 Mn |
| 6 | ONE Gas | 4.90 Bn | 4.88 Bn | 438.14 Mn | 248.54 Mn |
| 7 | Mdu Resources | 4.33 Bn | 4.28 Bn | - | 490.27 Mn |
| 8 | Centuri Holdings | 3.06 Bn | 3.01 Bn | 35.76 Mn | 32.70 Mn |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.95 Bn | 102.40 Mn | 8.00 Mn |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | -21.00 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 |