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 has reported Operating Expenses for 18 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $1.3 billion in Q1 2022 and troughed at -$1.7 billion in Q4 2023.
- A 5-year average of $414.2 million and a median of $490.3 million in 2026 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 91.1% in 2022, then soared 126.59% in 2024.
- Over 5 years, Operating Expenses stood at -$1.3 billion in 2022, then decreased by 23.59% to -$1.7 billion in 2023, then surged by 126.59% to $441.0 million in 2024, then dropped by 3.24% to $426.7 million in 2025, then gained by 14.91% to $490.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $490.3 million, $426.7 million, and $275.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.90 Bn | 28.37 Bn | - | - |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 1.11 Bn |
| 3 | Ugi | 8.29 Bn | 7.81 Bn | 573.00 Mn | 1.38 Bn |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 317.29 Mn |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | 355.80 Mn |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 238.68 Mn |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 327.36 Mn |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 149.00 Mn |
| 9 | Centuri Holdings | 2.23 Bn | 2.19 Bn | 69.14 Mn | 37.24 Mn |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 22.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 327.36 Mn |
| 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 |