MDU Resources Group Inc (MDU) - Net Assets

Latest as of March 2026: $2.90 Billion USD

Based on the latest financial reports, MDU Resources Group Inc (MDU) has net assets worth $2.90 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.68 Billion) and total liabilities ($4.78 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. Check MDU tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets $2.90 Billion
% of Total Assets 37.79%
Annual Growth Rate 6.96%
5-Year Change -18.03%
10-Year Change 19.73%
Growth Volatility 12.93

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. See MDU Resources Group Inc (MDU) defensive interval to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see MDU Resources Group Inc stock valuation.

Year Net Assets Change
2025-12-31 $2.77 Billion +3.06%
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 grown by 559.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $1.11 Billion 39.99%
Common Stock $204.38 Million 7.37%
Other Comprehensive Income $-16.71 Million -0.60%
Other Components $1.48 Billion 53.24%
Total Equity $2.77 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
State Grid Yingda Co Ltd
SHG:600517
 $4.38 Billion
Ramelius Resources Ltd
AU:RMS
 $4.39 Billion
K.P.R. Mill Limited
NSE:KPRMILL
 $4.39 Billion
Faw Car Co Ltd
SHE:000800
 $4.39 Billion
OKE Precision Cutting Tools Co. Ltd. A
SHG:688308
 $4.38 Billion
Millrose Properties, Inc.
NYSE:MRP
 $4.38 Billion
Banco Macro S.A
F:B4W
 $4.38 Billion
EPR Properties
NYSE:EPR
 $4.38 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 2,772,917,000, a change of 82,343,000 (3.1%).
  • Net income of 190,400,000 contributed positively to equity growth.
  • Dividend payments of 108,244,000 reduced retained earnings.
  • Other comprehensive income increased equity by 83,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $190.40 Million +6.87%
Dividends Paid $108.24 Million -3.9%
Other Comprehensive Income $83.00K +0.0%
Other Changes $104.00K +0.0%
Total Change $- 3.06%

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: 1.58x
  • 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 5.96x to 1.58x 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 $21.29 x
1995-12-31 $3.66 $21.29 x
1996-12-31 $3.81 $21.29 x
1997-12-31 $4.12 $21.29 x
1998-12-31 $4.96 $21.29 x
1999-12-31 $5.56 $21.29 x
2000-12-31 $6.50 $21.29 x
2001-12-31 $7.37 $21.29 x
2002-12-31 $8.11 $21.29 x
2003-12-31 $8.59 $21.29 x
2004-12-31 $9.53 $21.29 x
2005-12-31 $10.54 $21.29 x
2006-12-31 $11.93 $21.29 x
2007-12-31 $13.84 $21.29 x
2008-12-31 $15.02 $21.29 x
2009-12-31 $13.89 $21.29 x
2010-12-31 $14.31 $21.29 x
2011-12-31 $14.69 $21.29 x
2012-12-31 $14.03 $21.29 x
2013-12-31 $15.06 $21.29 x
2014-12-31 $16.87 $21.29 x
2015-12-31 $12.93 $21.29 x
2016-12-31 $11.84 $21.29 x
2017-12-31 $12.41 $21.29 x
2018-12-31 $13.08 $21.29 x
2019-12-31 $14.33 $21.29 x
2020-12-31 $15.35 $21.29 x
2021-12-31 $16.72 $21.29 x
2022-12-31 $17.63 $21.29 x
2023-12-31 $14.25 $21.29 x
2024-12-31 $13.15 $21.29 x
2025-12-31 $13.51 $21.29 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): 6.87%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.15%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 2.80x
  • Recent ROE (6.87%) is below the historical average (9.21%), 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 6.87% 10.15% 0.24x 2.80x $-86.89 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: $2,231,498,827
  • Average return on equity (ROE) among peers: 3.79%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
MDU Resources Group Inc (MDU) $2.90 Billion 11.56% 1.65x $4.38 Billion
Atmos Energy Corporation (ATO) $12.16 Billion 8.58% 1.07x $28.39 Billion
Brookfield Infrastructure Corp (BIPC) $-361.00 Million 0.00% 0.00x $4.87 Billion
Black Hills Corporation (BKH) $740.60 Million 7.83% 1.78x $5.54 Billion
Chesapeake Utilities Corporation (CPK) $77.96 Million 12.09% 2.10x $2.89 Billion
Centuri Holdings, Inc. (CTRI) $543.65 Million -30.93% 3.51x $2.85 Billion
NiSource Inc (NI) $3.84 Billion 7.45% 3.55x $22.21 Billion
NewJersey Resources Corporation (NJR) $644.80 Million 10.12% 2.46x $5.54 Billion
Northwest Natural Gas Co (NWN) $594.75 Million 12.53% 2.39x $2.06 Billion
One Gas Inc (OGS) $1.84 Billion 6.46% 1.52x $4.82 Billion

About MDU Resources Group Inc

NYSE:MDU USA Utilities - Regulated Gas
Market Cap
$4.45 Billion
Market Cap Rank
#3950 Global
#1344 in USA
Share Price
$21.29
Change (1 day)
+1.91%
52-Week Range
$15.85 - $22.80
All Time High
$22.80
Categories
Companies in USA Utilities - Regulated Gas
About

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 through approximately 3,400 miles of transmission and 4,900 miles of distribution lines, as well as… Read more