Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
MDU Resources Group, Inc.
Type
Public
Traded as
  • NYSE: MDU
  • S&P 400 Component
Industry
  • Electric Power
  • Natural Gas
  • Construction
Founded Minneapolis, Minnesota, U.S.
(1924; 93 years ago (1924))
Founders
  • Rolland Heskett
Headquarters Bismarck, North Dakota, U.S.
Area served
Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming.
Key people
  • Harry J. Pearce (Chairman)
  • David L. Goodin (CEO)
  • Doran N. Schwartz (CFO)
  • Peggy A. Link (CIO)
Revenue Increase US$ 4.67 billion (2013)
Operating income
Increase US$ 492.9 million (2013)
Net income
Increase US$ 278.93 million (2013)
Total assets Increase US$ 7.061 billion (2013)
Total equity Increase US$ 2.855 billion (2013)
Number of employees
9,133 (2013)
Subsidiaries
  • Fidelity Exploration & Production
  • Knife River Corporation
  • MDU Construction Services Group, Inc
  • MDU Industrial Services Inc
  • Cascade Natural Gas
  • WBI Holdings Inc.
  • Centennial Energy Resources LLC
  • Capital Electric Construction Co Inc
Website www.mdu.com

MDU Resources Group, Inc. (NYSE: MDU) is a U.S. diversified energy company, with electric and natural gas utility distribution operations in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming.

MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Its founder, Rolland Heskett, had previously been involved with utilities in Wisconsin and northeast Minnesota (the forerunners of Wisconsin Public Service Corporation and Minnesota Power, respectively). The Minnesota Northern Power holdings initially consisted of the electric utility at Cushing, Oklahoma (quickly sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W. B. Foshay interests—this property today comprises Otter Tail Power's Bemidji division), the Eastern Montana Light & Power Company, which was centered around Sidney and Glendive, Montana, and the Eastern Montana Utilities Co. which was based in Fairview, Montana. The two 'Eastern Montana' utilities became the nucleus of MDU's operations.

Initially, Minnesota Northern was only in the business of selling electric power, but entered the gas business following discovery of deposits in Eastern Montana. As Minnesota Northern expanded across Eastern Montana and western North Dakota, it acquired the electric franchise for Miles City, Montana after an acquisition struggle with the Montana Power Company.

Shortly after passage of the Public Utility Holding Company Act of 1935 (PUHCA), Heskett reorganized all the gas and electric subsidiaries of Minnesota Northern Power under a new name—Montana-Dakota Utilities.

Unlike its neighboring utilities, MDU was generally not in the business of reselling energy at wholesale to other companies, with the exception of five Eastern Montana towns then served by the Mountain States Power Company. The distribution systems in these towns passed into MDU ownership by the early 1940s. The company was originally based in Minneapolis, but by the 1960s, it was decided that the company's headquarters should be located within its service territory. Bismarck was the natural choice as it was the largest town on the system, and the relocation was completed in 1968.

On June 10, 2000, The Westmoreland Coal Company and the Knife River Corporation, a subsidiary of the MDU Resources Group, said that they had entered exclusive talks for the sale of Knife River's coal operations to Westmoreland.

The largest addition of electric utility territory came in 1945, when MDU purchased the Dakota Public Service Company (DPSC) from NorthWestern Public Service Company (NWPS) of Huron, South Dakota. DPSC served a total of 91 towns in west-central North Dakota originally served by the Hughes Electric Company/North Dakota Power & Light Company (NDP&L) and south-central North Dakota/north-central South Dakota originally served by the Northern Power & Light Company (NP&L). When MDU examined DPSC's books after the purchase, they spent the next six years in litigation with NWPS over allegations of improper internal charges between NWPS, NP&L, and NDP&L. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.

After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. MDU also briefly explored a merger with Otter Tail but both parties decided not to pursue this. The companies have since partnered on two base-load power plants (Big Stone and Coyote). By the 1980s, when the revenue from the utility operations began to plateau, it reorganized into MDU Resources and began an aggressive program of diversification into closely related but unregulated industries. This diversification program has succeeded to the point where the utility operations are no longer the company's main source of revenue. Even so, MDU Resources provides natural gas to about 440,000 residential customers and electricity to about 92,000 residential customers today.

Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU in 2006. Intermountain Gas Company, serving parts of Idaho, was acquired by MDU in 2008. Knife River Corporation provides construction-related products and services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix concrete in 13 states.

Investment goal date:
Dividends reinvested
MDU Resources Group, Inc. MDU report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-03
--
--
Q4 2017
2018-02-02
--
--
Q4 2017
2018-01-30
--
--
Q3 2017
2017-11-02
--
--
Q3 2017
2017-11-01
0.4600
0.4600
Q2 2017
2017-08-01
0.2200
0.2200
Q1 2017
2017-05-03
0.1800
0.1800
Q4 2016
2017-02-01
0.3300
0.3300
Q3 2016
2016-11-02
0.4500
0.4500
Q2 2016
2016-08-02
0.2400
0.2400
Q1 2016
2016-05-03
0.1700
0.1600
Q4 2015
2016-02-03
0.2500
0.2900
Q3 2015
2015-11-02
0.3800
0.3800
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
4564740
BlackRock Fund Advisors
7582359
BlackRock Inc.
16186762
BlackRock Institutional Trust Company, N.A.
5871534
FRONTIER CAPITAL MANAGEMENT CO LLC
1798118
GEODE CAPITAL MANAGEMENT, LLC
1747572
HENNESSY ADVISORS INC
1851207
HERMES INVESTMENT MANAGEMENT LTD
1653837
Invesco Ltd.
1881315
NORTHERN TRUST CORP
1660475
PARNASSUS INVESTMENTS /CA
14628855
PRUDENTIAL FINANCIAL INC
1546521
STATE STREET CORP
12059598
US BANCORP \DE\
2078490
Vanguard Group, Inc
22988073
Major Shareholders
Name Relationship
Total Shares
Holding stocks
PEARCE HARRY J
0.1200% (231999)
MAR / MDU /
EVERIST THOMAS S
0.4600% (890000)
MDU / RAVN /
MOSS PATRICIA L
0.0400% (75582)
CACB / FIBK / MDU /
JOHNSON DENNIS W
0.0400% (73728)
MDU /
HELLERSTEIN MARK A
0.0100% (11880)
MDU /
LEWIS RICHARD H
0.0100% (28167)
MDU /
WILSON JOHN K
0.0600% (112786)
MDU /
MCCRACKEN WILLIAM E
0.0100% (11880)
MDU /
NORLAND CYNTHIA J
0.0100% (15721)
MDU /
SANDNESS PAUL K
0.0100% (10390)
MDU /
Knudson Thomas C
0.0100% (28070)
BRS / MDU / MPO / WPZ /
Schneider William E
0.0200% (38755)
MDU /
Fagg Karen B
0.0300% (54911)
MDU /
Kivisto Nicole A
0.0100% (15207)
MDU /
Bietz Steven L
0.0200% (34703)
MDU /
Schwartz Doran N
0.0200% (43600)
MDU /
Stumpf John P
0.0100% (14983)
MDU /
Del Vecchio Mark A
0.0100% (9718)
MDU /
Goodin David L
0.0500% (95209)
MDU /
Holaday A Bart
0.0300% (57025)
MDU /
WELLS JAMES KENT
0.0100% (27743)
MDU / NFX /
Haider Dennis L
0.0100% (25717)
MDU /
% ()