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

Mdu Resources' (MDU) quarterly Tax Rate came in at 5.46% in Q1 2026, down 395.0% year-on-year from 1.85% in Q1 2025, and down 42.18% quarter-over-quarter from 9.45% in Q4 2025.

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

Mdu Resources has disclosed Tax Rate across 18 years of filings, most recently posting 5.46% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 5.46%, down 395.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.63% (down 145.0% YoY), and the FY2025 annual result was 9.28%, up 42.0% from the prior year.
  • Tax Rate came in at 5.46% for Q1 2026 at Mdu Resources, down from 9.45% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 133.04% in Q4 2023 to a low of 4.42% in Q2 2025.
  • The 5-year median for Tax Rate is 11.44% (2025), against an average of 20.99%.
  • Across the five-year window, Tax Rate soared 9023 bps in 2023 and slumped 12496 bps in 2024, its largest moves.
  • Mdu Resources' Tax Rate stood at 42.81% in 2022, then surged by 211 bps to 133.04% in 2023, then slumped by 94 bps to 8.08% in 2024, then grew by 17 bps to 9.45% in 2025, then slumped by 42 bps to 5.46% in 2026.
  • The last three Tax Rate figures came in at 5.46% (Q1 2026), 9.45% (Q4 2025), and 11.44% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - 20.68%
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 13.36%
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 21.21%
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 23.44%
5 Black Hills 5.49 Bn 5.46 Bn - 11.68%
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 17.06%
7 Mdu Resources 4.39 Bn 4.33 Bn - 5.46%
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 45.04%
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 26.52%
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -70.00%

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%