Mdu Resources (MDU) Operating Expenses (2016 - 2026)

Mdu Resources' Operating Expenses history spans 17 years, with the latest figure at $426.7 million for Q4 2025.

On a quarterly basis, Operating Expenses fell 3.24% to $426.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.6 billion, a 6.19% increase, with the full-year FY2025 number at $1.6 billion, up 6.19% from a year prior.
Operating Expenses hit $426.7 million in Q4 2025 for Mdu Resources, up from $275.2 million in the prior quarter.
Over the last five years, Operating Expenses for MDU hit a ceiling of $1.4 billion in Q3 2021 and a floor of -$1.7 billion in Q4 2023.
Historically, Operating Expenses has averaged $483.7 million across 5 years, with a median of $526.8 million in 2024.
Biggest five-year swings in Operating Expenses: tumbled 156.66% in 2021 and later soared 126.59% in 2024.
Tracing MDU's Operating Expenses over 5 years: stood at -$702.2 million in 2021, then crashed by 91.1% to -$1.3 billion in 2022, then dropped by 23.59% to -$1.7 billion in 2023, then skyrocketed by 126.59% to $441.0 million in 2024, then fell by 3.24% to $426.7 million in 2025.
Business Quant data shows Operating Expenses for MDU at $426.7 million in Q4 2025, $275.2 million in Q3 2025, and $320.9 million in Q2 2025.

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