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
DateValue
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