MDU Resources Group, Inc. (MDU) Stock Forecast

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MDU Resources Group Inc. is a small natural gas utility by a utility company. Through WBI, the company transports gas and controls a 3,800-mile pipeline on the North Plains, maintaining one of North America’s largest underground storage facilities. It provides power generation, transmission and distribution to 145,000 customers and roughly 1 million customers through four regulated utilities. The utility services area extends across eight states, with the company having a relatively modest production capacity of around 700 MW compared to WY-WY, SD, ND, ID, MT, WA and colleagues. The 2024 generation fuel mix will be around 40% gas, 31% coal and 29% renewable. When the joint venture wind farms become fully operational in 2025, the fuel mix is ​​projected to be 35% natural gas, 26% coal and 39% renewable energy.

The company was founded as a small utility until it branched out into the construction industry in 1924. We spun two construction services companies in 2023 and 2024. Operating revenues revised for 2024 were $1.8 billion, of which approximately 70% were based on natural gas distribution and 24% were FR.