MDU Resources Reports Q3 2026 Earnings with Growth in Electric Utility Segment
MDU Resources reported third-quarter net income of $14 million, a decrease from $18.4 million in the prior year's third quarter. The decline was primarily attributed to non-operating losses, including a $2.1 million charge related to the termination of the Knott Landfill project and higher payroll-related expenses within the natural gas distribution segment. Despite the net income dip, adjusted earnings reached $16.6 million. The electric utility segment showed strong performance with a 23.3% increase in earnings, fueled by approved rate hikes in North Dakota, Montana, and Wyoming, alongside significant growth in data center sales volume (up 18.4%). The company reaffirmed its full-year 2026 guidance of $0.93 to $1.00 per share.
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Topics: adjusted earnings electric utility revenue guidance natural gas distribution net income
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