Mdu Resources (MDU) Tax Rate (2009 - 2026)

Mdu Resources (MDU) posted Tax Rate of 5.46% for Q1 2026, down 42.18% sequentially from 9.45% in Q4 2025, and down 395.0% YoY from 1.85% in Q1 2025.

Mdu Resources (MDU) Tax Rate (2009 - 2026) Analysis & Trends

Mdu Resources (MDU) has 18 years of Tax Rate data on file, last reported at 5.46% in Q1 2026.

  • Quarterly Tax Rate fell 395.0% year-over-year to 5.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.63% (down 145.0% YoY) and the FY2025 annual result came in at 9.28%, up 42.0% from the prior year.
  • Tax Rate fell to 5.46% in Q1 2026 per MDU's latest filing, from 9.45% in the prior quarter.
  • The five-year high for Tax Rate was 133.04% in Q4 2023, with the low at 4.42% in Q2 2025.
  • Average Tax Rate over 5 years is 20.99%, with a median of 11.44% recorded in 2025.
  • Year-over-year, Tax Rate jumped 9023 bps in 2023 and plunged 12496 bps in 2024.
  • Mdu Resources' Tax Rate stood at 42.81% in 2022, then surged by 211 bps to 133.04% in 2023, then tumbled by 94 bps to 8.08% in 2024, then gained by 17 bps to 9.45% in 2025, then tumbled by 42 bps to 5.46% in 2026.
  • Business Quant data shows MDU's Tax Rate at 5.46% in Q1 2026, 9.45% in Q4 2025, and 11.44% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - 20.68%
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 13.36%
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 21.21%
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 23.44%
5 Black Hills 5.61 Bn 5.58 Bn - 11.68%
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 17.06%
7 Mdu Resources 4.26 Bn 4.20 Bn - 5.46%
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 26.52%
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 45.04%
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 22.58%

Historic Data

Download Data
DateValue
Mar 31, 2026 5.46%
Mar 31, 2026 5.46%
Dec 31, 2025 9.45%
Dec 31, 2025 9.45%
Sep 30, 2025 11.44%
Sep 30, 2025 11.44%
Jun 30, 2025 4.42%
Jun 30, 2025 4.42%
Mar 31, 2025 9.41%
Mar 31, 2025 9.41%
Dec 31, 2024 8.08%
Dec 31, 2024 8.08%
Sep 30, 2024 5.32%
Sep 30, 2024 5.32%
Jun 30, 2024 13.63%
Jun 30, 2024 13.63%
Mar 31, 2024 8.92%
Mar 31, 2024 8.92%
Dec 31, 2023 133.04%
Dec 31, 2023 133.04%