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 has reported Tax Rate for 18 years, with the latest figure 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.
Over five years, Tax Rate peaked at 133.04% in Q4 2023 and troughed at 4.42% in Q2 2025.
A 5-year average of 20.99% and a median of 11.44% in 2025 frame the typical range for Tax Rate.
The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 9018 bps in 2023, then slumped 12496 bps in 2024.
Over 5 years, Tax Rate stood at 42.87% in 2022, then soared by 210 bps to 133.04% in 2023, then slumped by 94 bps to 8.08% in 2024, then rose by 17 bps to 9.45% in 2025, then slumped by 42 bps to 5.46% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 5.46%, 9.45%, and 11.44% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Atmos Energy	28.90 Bn	28.37 Bn	-	19.98%
2	Nisource	20.09 Bn	20.02 Bn	867.50 Mn	21.66%
3	Ugi	8.29 Bn	7.81 Bn	573.00 Mn	17.39%
4	New Jersey Resources	5.60 Bn	5.56 Bn	243.61 Mn	29.25%
5	Black Hills	5.60 Bn	5.52 Bn	-	11.40%
6	ONE Gas	5.13 Bn	5.10 Bn	272.01 Mn	17.58%
7	Mdu Resources	4.32 Bn	4.27 Bn	-	14.81%
8	Chesapeake Utilities	3.31 Bn	3.29 Bn	150.20 Mn	27.43%
9	Centuri Holdings	2.23 Bn	2.19 Bn	69.14 Mn	50.03%
10	Brookfield Infrastructure	2.21 Bn	1.44 Bn	572.00 Mn	-55.10%

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