MDU Resources Group Inc
MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The company also distributes natural gas in Idaho, Minnesota, Montana, North Dakota, Oregon, South… Read more
MDU Resources Group Inc (MDU) - Net Assets
Latest net assets as of September 2025: $10.35 Billion USD
Based on the latest financial reports, MDU Resources Group Inc (MDU) has net assets worth $10.35 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.62 Billion) and total liabilities ($-2.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.35 Billion |
| % of Total Assets | 135.73% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 205.81% |
| 10-Year Change | 346.68% |
| Growth Volatility | 50.54 |
MDU Resources Group Inc - Net Assets Trend (1994–2025)
This chart illustrates how MDU Resources Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MDU Resources Group Inc (1994–2025)
The table below shows the annual net assets of MDU Resources Group Inc from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.35 Billion | +284.49% |
| 2024-12-31 | $2.69 Billion | -7.39% |
| 2023-12-31 | $2.91 Billion | -19.01% |
| 2022-12-31 | $3.59 Billion | +6.04% |
| 2021-12-31 | $3.38 Billion | +9.87% |
| 2020-12-31 | $3.08 Billion | +8.14% |
| 2019-12-31 | $2.85 Billion | +10.92% |
| 2018-12-31 | $2.57 Billion | +5.68% |
| 2017-12-31 | $2.43 Billion | +4.88% |
| 2016-12-31 | $2.32 Billion | -12.44% |
| 2015-12-31 | $2.65 Billion | -21.41% |
| 2014-12-31 | $3.37 Billion | +16.51% |
| 2013-12-31 | $2.89 Billion | +9.08% |
| 2012-12-31 | $2.65 Billion | -4.59% |
| 2011-12-31 | $2.78 Billion | +3.07% |
| 2010-12-31 | $2.69 Billion | +4.71% |
| 2009-12-31 | $2.57 Billion | -6.86% |
| 2008-12-31 | $2.76 Billion | +9.08% |
| 2007-12-31 | $2.53 Billion | +16.92% |
| 2006-12-31 | $2.16 Billion | +14.45% |
| 2005-12-31 | $1.89 Billion | +12.53% |
| 2004-12-31 | $1.68 Billion | +15.88% |
| 2003-12-31 | $1.45 Billion | +11.59% |
| 2002-12-31 | $1.30 Billion | +15.44% |
| 2001-12-31 | $1.13 Billion | +25.47% |
| 2000-12-31 | $897.46 Million | +30.83% |
| 1999-12-31 | $686.00 Million | +20.90% |
| 1998-12-31 | $567.40 Million | +40.79% |
| 1997-12-31 | $403.00 Million | +9.66% |
| 1996-12-31 | $367.50 Million | +3.75% |
| 1995-12-31 | $354.20 Million | +2.91% |
| 1994-12-31 | $344.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MDU Resources Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $2.72 Billion | 100.00% |
| Total Equity | $2.72 Billion | 100.00% |
MDU Resources Group Inc Competitors by Market Cap
The table below lists competitors of MDU Resources Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ampol Limited
F:CLZ
|
$4.14 Billion |
|
Aurobindo Pharma Limited
NSE:AUROPHARMA
|
$4.14 Billion |
|
Mobile World Investment Corp
VN:MWG
|
$4.15 Billion |
|
PriceSmart Inc
NASDAQ:PSMT
|
$4.15 Billion |
|
Nordnet AB (publ)
LSE:0A6V
|
$4.14 Billion |
|
Western Superconducting Tech Co Ltd
SHG:688122
|
$4.13 Billion |
|
TransMedics Group Inc
NASDAQ:TMDX
|
$4.13 Billion |
|
Quebecor Inc
PINK:QBCRF
|
$4.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MDU Resources Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,690,574,000 to 2,723,094,000, a change of 32,520,000 (1.2%).
- Net income of 190,400,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,739,892,000.
- Other factors decreased equity by 2,897,772,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $190.40 Million | +6.99% |
| Other Comprehensive Income | $2.74 Billion | +100.62% |
| Other Changes | $-2.90 Billion | -106.41% |
| Total Change | $- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares MDU Resources Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.71x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $3.57 | $20.40 | x |
| 1995-12-31 | $3.66 | $20.40 | x |
| 1996-12-31 | $3.81 | $20.40 | x |
| 1997-12-31 | $4.12 | $20.40 | x |
| 1998-12-31 | $4.96 | $20.40 | x |
| 1999-12-31 | $5.56 | $20.40 | x |
| 2000-12-31 | $6.50 | $20.40 | x |
| 2001-12-31 | $7.37 | $20.40 | x |
| 2002-12-31 | $8.11 | $20.40 | x |
| 2003-12-31 | $8.59 | $20.40 | x |
| 2004-12-31 | $9.53 | $20.40 | x |
| 2005-12-31 | $10.54 | $20.40 | x |
| 2006-12-31 | $11.93 | $20.40 | x |
| 2007-12-31 | $13.84 | $20.40 | x |
| 2008-12-31 | $15.02 | $20.40 | x |
| 2009-12-31 | $13.89 | $20.40 | x |
| 2010-12-31 | $14.31 | $20.40 | x |
| 2011-12-31 | $14.69 | $20.40 | x |
| 2012-12-31 | $14.03 | $20.40 | x |
| 2013-12-31 | $15.06 | $20.40 | x |
| 2014-12-31 | $16.87 | $20.40 | x |
| 2015-12-31 | $12.93 | $20.40 | x |
| 2016-12-31 | $11.84 | $20.40 | x |
| 2017-12-31 | $12.41 | $20.40 | x |
| 2018-12-31 | $13.08 | $20.40 | x |
| 2019-12-31 | $14.33 | $20.40 | x |
| 2020-12-31 | $15.35 | $20.40 | x |
| 2021-12-31 | $16.72 | $20.40 | x |
| 2022-12-31 | $17.63 | $20.40 | x |
| 2023-12-31 | $14.25 | $20.40 | x |
| 2024-12-31 | $13.15 | $20.40 | x |
| 2025-12-31 | $13.26 | $20.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MDU Resources Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.15%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.80x
- Recent ROE (6.99%) is below the historical average (9.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 11.56% | 8.85% | 0.45x | 2.92x | $5.38 Million |
| 1995 | 11.74% | 8.96% | 0.44x | 2.98x | $6.18 Million |
| 1996 | 12.38% | 8.84% | 0.47x | 2.96x | $8.75 Million |
| 1997 | 13.55% | 8.98% | 0.55x | 2.76x | $14.30 Million |
| 1998 | 6.01% | 3.80% | 0.62x | 2.56x | $-22.64 Million |
| 1999 | 12.26% | 6.57% | 0.72x | 2.57x | $15.50 Million |
| 2000 | 12.37% | 5.93% | 0.81x | 2.58x | $21.28 Million |
| 2001 | 13.84% | 7.01% | 0.85x | 2.33x | $43.24 Million |
| 2002 | 11.42% | 7.31% | 0.69x | 2.26x | $18.45 Million |
| 2003 | 12.09% | 7.45% | 0.70x | 2.33x | $30.26 Million |
| 2004 | 12.32% | 7.61% | 0.73x | 2.22x | $38.97 Million |
| 2005 | 14.54% | 7.96% | 0.78x | 2.34x | $85.92 Million |
| 2006 | 14.59% | 7.76% | 0.83x | 2.26x | $99.27 Million |
| 2007 | 17.07% | 10.17% | 0.76x | 2.21x | $178.99 Million |
| 2008 | 10.64% | 5.87% | 0.76x | 2.39x | $17.57 Million |
| 2009 | -4.79% | -2.95% | 0.70x | 2.33x | $-380.46 Million |
| 2010 | 8.94% | 6.16% | 0.62x | 2.34x | $-28.62 Million |
| 2011 | 7.67% | 5.26% | 0.62x | 2.36x | $-64.56 Million |
| 2012 | -0.03% | -0.02% | 0.61x | 2.52x | $-265.52 Million |
| 2013 | 9.77% | 6.25% | 0.63x | 2.48x | $-6.70 Million |
| 2014 | 9.18% | 6.38% | 0.59x | 2.44x | $-26.80 Million |
| 2015 | -24.69% | -14.85% | 0.62x | 2.68x | $-874.50 Million |
| 2016 | 2.78% | 1.56% | 0.66x | 2.71x | $-167.20 Million |
| 2017 | 11.57% | 6.33% | 0.70x | 2.61x | $38.20 Million |
| 2018 | 10.61% | 6.01% | 0.65x | 2.72x | $15.60 Million |
| 2019 | 11.78% | 6.29% | 0.69x | 2.70x | $50.73 Million |
| 2020 | 12.67% | 7.05% | 0.69x | 2.62x | $82.29 Million |
| 2021 | 11.18% | 10.95% | 0.39x | 2.63x | $39.84 Million |
| 2022 | 10.24% | 21.03% | 0.18x | 2.69x | $8.78 Million |
| 2023 | 14.27% | 23.00% | 0.23x | 2.70x | $124.18 Million |
| 2024 | 10.45% | 15.99% | 0.25x | 2.62x | $12.05 Million |
| 2025 | 6.99% | 10.15% | 0.25x | 2.80x | $-81.91 Million |
Industry Comparison
This section compares MDU Resources Group Inc's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MDU Resources Group Inc (MDU) | $10.35 Billion | 11.56% | -0.26x | $4.14 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |