MDU RESOURCES GROUP INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
MDU$19.28+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
Index
Part II
Consolidated Statements of Income
| Years ended December 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| (In thousands, except per share amounts) | |||
| Operating revenues | $1,875,066 | $1,757,978 | $1,803,352 |
| Operating expenses: | |||
| Purchased natural gas sold | 671,466 | 630,403 | 742,965 |
| Electric fuel and purchased power | 158,995 | 141,148 | 134,779 |
| Operation and maintenance | 433,023 | 414,491 | 407,081 |
| Depreciation and amortization | 206,708 | 200,078 | 190,450 |
| Taxes, other than income | 114,497 | 106,216 | 103,133 |
| Total operating expenses | 1,584,689 | 1,492,336 | 1,578,408 |
| Operating income | 290,377 | 265,642 | 224,944 |
| Realized gain on tax-free exchange of the retained shares in Knife River | — | — | 186,556 |
| Other income | 28,349 | 41,367 | 33,454 |
| Interest expense | 107,749 | 108,347 | 104,624 |
| Income before income taxes | 210,977 | 198,662 | 340,330 |
| Income taxes | 19,570 | 17,589 | 10,213 |
| Income from continuing operations | 191,407 | 181,073 | 330,117 |
| Discontinued operations, net of tax | (1,012) | 100,035 | 84,590 |
| Net income | $190,395 | $281,108 | $414,707 |
| Earnings per share - basic: | |||
| Income from continuing operations | $.94 | $.89 | $1.62 |
| Discontinued operations, net of tax | (.01) | .49 | .42 |
| Earnings per share - basic | $.93 | $1.38 | $2.04 |
| Earnings per share - diluted: | |||
| Income from continuing operations | $.93 | $.88 | $1.62 |
| Discontinued operations, net of tax | — | .49 | .41 |
| Earnings per share - diluted | $.93 | $1.37 | $2.03 |
| Weighted average common shares outstanding - basic | 204,291 | 203,867 | 203,640 |
| Weighted average common shares outstanding - diluted | 205,300 | 204,653 | 203,938 |
MDU Resources Group, Inc. Form 10-K 67
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