MDU Resources Group (MDU) Revenue & Revenue Breakdown

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MDU Resources Group Revenue Highlights

Latest Revenue (Y)

$1.76B

Latest Revenue (Q)

$351.19M

Main Segment (Y)

Natural Gas Transportation

MDU Resources Group Revenue by Period

MDU Resources Group Revenue by Year

Date	Revenue	Change
2024-12-31	$1.76B	-62.25%
2023-12-31	$4.66B	-33.22%
2022-12-31	$6.97B	22.76%
2021-12-31	$5.68B	2.68%
2020-12-31	$5.53B	3.67%
2019-12-31	$5.34B	17.77%
2018-12-31	$4.53B	1.98%
2017-12-31	$4.44B	7.62%
2016-12-31	$4.13B	-1.50%
2015-12-31	$4.19B	-10.26%
2014-12-31	$4.67B	4.67%
2013-12-31	$4.46B	9.50%
2012-12-31	$4.08B	0.61%
2011-12-31	$4.05B	3.60%
2010-12-31	$3.91B	-6.39%
2009-12-31	$4.18B	-16.52%
2008-12-31	$5.00B	17.78%
2007-12-31	$4.25B	4.35%
2006-12-31	$4.07B	17.81%
2005-12-31	$3.46B	27.07%
2004-12-31	$2.72B	15.61%
2003-12-31	$2.35B	15.78%
2002-12-31	$2.03B	-8.64%
2001-12-31	$2.22B	18.68%
2000-12-31	$1.87B	46.40%
1999-12-31	$1.28B	42.72%
1998-12-31	$896.70M	47.56%
1997-12-31	$607.70M	18.07%
1996-12-31	$514.70M	10.86%
1995-12-31	$464.30M	3.27%
1994-12-31	$449.60M	2.27%
1993-12-31	$439.60M	-

MDU Resources Group generated $1.76B in revenue during NA 2024, up -62.25% compared to the previous quarter, and up 32.94% compared to the same period a year ago.

MDU Resources Group Revenue by Quarter

Date	Revenue	Change
2025-06-30	$351.19M	-47.96%
2025-03-31	$674.83M	-143.43%
2024-12-31	$-1.55B	-247.92%
2024-09-30	$1.05B	0.28%
2024-06-30	$1.05B	-13.70%
2024-03-31	$1.21B	6.92%
2023-12-31	$1.14B	13.44%
2023-09-30	$1.00B	-8.28%
2023-06-30	$1.09B	-37.20%
2023-03-31	$1.74B	-6.56%
2022-12-31	$1.86B	-5.97%
2022-09-30	$1.98B	14.89%
2022-06-30	$1.72B	21.48%
2022-03-31	$1.42B	-1.84%
2021-12-31	$1.44B	-9.01%
2021-09-30	$1.59B	11.40%
2021-06-30	$1.42B	15.94%
2021-03-31	$1.23B	-11.35%
2020-12-31	$1.39B	-12.73%
2020-09-30	$1.59B	16.46%
2020-06-30	$1.36B	13.82%
2020-03-31	$1.20B	-13.12%
2019-12-31	$1.38B	-11.87%
2019-09-30	$1.56B	19.96%
2019-06-30	$1.30B	19.46%
2019-03-31	$1.09B	-9.81%
2018-12-31	$1.21B	-5.54%
2018-09-30	$1.28B	20.31%
2018-06-30	$1.06B	9.04%
2018-03-31	$976.30M	-16.21%
2017-12-31	$1.17B	-8.43%
2017-09-30	$1.27B	19.19%
2017-06-30	$1.07B	13.83%
2017-03-31	$937.90M	-7.70%
2016-12-31	$1.02B	-15.93%
2016-09-30	$1.21B	15.78%
2016-06-30	$1.04B	15.32%
2016-03-31	$905.20M	-14.80%
2015-12-31	$1.06B	-17.03%
2015-09-30	$1.28B	29.84%
2015-06-30	$986.22M	7.37%
2015-03-31	$918.51M	-21.04%
2014-12-31	$1.16B	-15.12%
2014-09-30	$1.37B	25.26%
2014-06-30	$1.09B	4.91%
2014-03-31	$1.04B	-11.95%
2013-12-31	$1.18B	-7.88%
2013-09-30	$1.29B	21.23%
2013-06-30	$1.06B	13.85%
2013-03-31	$931.60M	-13.83%
2012-12-31	$1.08B	-7.87%
2012-09-30	$1.17B	21.24%
2012-06-30	$967.96M	13.50%
2012-03-31	$852.81M	-19.98%
2011-12-31	$1.07B	-7.50%
2011-09-30	$1.15B	23.79%
2011-06-30	$930.76M	3.21%
2011-03-31	$901.80M	-13.50%
2010-12-31	$1.04B	-7.40%
2010-09-30	$1.13B	24.21%
2010-06-30	$906.44M	8.59%
2010-03-31	$834.78M	-17.88%
2009-12-31	$1.02B	-8.25%
2009-09-30	$1.11B	15.65%
2009-06-30	$958.04M	-12.43%
2009-03-31	$1.09B	-15.57%
2008-12-31	$1.30B	-2.85%
2008-09-30	$1.33B	6.56%
2008-06-30	$1.25B	11.58%
2008-03-31	$1.12B	-8.99%
2007-12-31	$1.23B	-

MDU Resources Group generated $351.19M in revenue during Q2 2025, up -47.96% compared to the previous quarter, and up 28.93% compared to the same period a year ago.

MDU Resources Group Revenue Breakdown

MDU Resources Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other Revenues	$113.33M	$91.64M	-	-	-
Natural Gas Transportation	$235.27M	$197.76M	-	-	-
Natural Gas, Storage	$23.69M	$18.25M	-	-	-
Electric	-	-	$376.58M	$349.04M	$331.54M
Pipeline and Midstream	-	-	$96.57M	$82.86M	$85.35M
Natural gas distribution	-	-	$1.27B	$971.36M	$847.65M
Construction materials and contracting	-	-	$2.53B	$2.23B	$2.18B
Construction services	-	-	$2.69B	$2.05B	$2.09B
Corporate and Other	-	-	-	$84.00K	$-55.00K

MDU Resources Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Natural Gas Transportation (63.20%), Other Revenues (30.44%), and Natural Gas, Storage (6.36%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Natural Gas, Storage	$5.17M	$6.03M	$12.26M	$6.05M	$5.38M	$13.45M	$4.81M	$4.37M	$4.07M	$4.88M	-	-	-	-	-	-	-	-	-	-
Other Revenues	$33.91M	$42.61M	$59.70M	$31.06M	$22.57M	$67.54M	$24.10M	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Transportation	$61.93M	$66.96M	$119.83M	$57.22M	$58.23M	$149.37M	$48.39M	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue From Contracts With Customers	-	-	-	-	-	-	$991.28M	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction services	-	-	-	-	-	-	-	$746.93M	$754.12M	$734.81M	$683.59M	$551.59M	$514.52M	$524.74M	$517.47M	$550.61M	$496.40M	-	-	-
Electric	-	-	-	-	-	-	-	$90.99M	$95.60M	$99.19M	$85.46M	$93.59M	$98.93M	$83.65M	$84.67M	$87.45M	$76.44M	-	-	-
Natural gas distribution	-	-	-	-	-	-	-	$219.00M	$565.52M	$132.07M	$210.44M	$450.42M	$110.38M	$153.79M	$350.21M	$94.70M	$141.49M	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	-	-	-	-	$25.00K	$28.00K	$17.00K	$24.00K	$-112.00K	-	-	-
Pipeline	-	-	-	-	-	-	-	$34.21M	$14.33M	$36.05M	$29.81M	$11.12M	$30.97M	$27.77M	$9.91M	$32.07M	-	-	-	-
Construction materials and contracting	-	-	-	-	-	-	-	-	$307.77M	$975.09M	$711.61M	$309.84M	$831.19M	$633.67M	$265.66M	$822.44M	$621.04M	-	-	-
Natural Gas Gathering	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$621.00K	-	-
Pipeline and Midstream	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$27.66M

MDU Resources Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Natural Gas Transportation (61.31%), Other Revenues (33.57%), and Natural Gas, Storage (5.12%).

MDU Resources Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
IEP	Icahn Enterprises	$9.19B	$2.14B
SNDR	Schneider National	$5.29B	$1.42B
GFF	Griffon	$2.62B	$613.63M
FELE	Franklin Electric	$2.02B	$587.43M
MDU	MDU Resources Group	$1.76B	$351.19M
ATMU	Atmus Filtration	$1.67B	$110.50M
CXT	Crane NXT	$1.49B	$330.30M
MWA	Mueller Water Products	$1.31B	$380.30M
POWL	Powell Industries	$1.01B	$286.27M
CSW	CSW Industrials	$792.84M	$193.65M

MDU Revenue FAQ

What is MDU Resources Group’s yearly revenue?

MDU Resources Group's yearly revenue for 2024 was $1.76B, representing a decrease of -62.25% compared to 2023. The company's yearly revenue for 2023 was $4.66B, representing a decrease of -33.22% compared to 2022. MDU's yearly revenue for 2022 was $6.97B, representing an increase of 22.76% compared to 2021.

What is MDU Resources Group’s quarterly revenue?

MDU Resources Group's quarterly revenue for Q2 2025 was $351.19M, a -47.96% decrease from the previous quarter (Q1 2025), and a -66.48% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $674.83M, a -143.43% decrease from the previous quarter (Q4 2024), and a -44.40% decrease year-over-year (Q1 2024). MDU's quarterly revenue for Q4 2024 was $-1.554B, a -247.92% decrease from the previous quarter (Q3 2024), and a -236.87% decrease year-over-year (Q4 2023).

What is MDU Resources Group’s revenue growth rate?

MDU Resources Group's revenue growth rate for the last 3 years (2022-2024) was -74.79%, and for the last 5 years (2020-2024) was -68.23%.

What are MDU Resources Group’s revenue streams?

MDU Resources Group's revenue streams in c 24 are Other Revenues, Natural Gas Transportation, and Natural Gas, Storage. Other Revenues generated $113.32M in revenue, accounting 30.44% of the company's total revenue, up 23.67% year-over-year. Natural Gas Transportation generated $235.27M in revenue, accounting 63.20% of the company's total revenue, up 18.97% year-over-year. Natural Gas, Storage generated $23.69M in revenue, accounting 6.36% of the company's total revenue, up 29.78% year-over-year.

What is MDU Resources Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of MDU Resources Group was Natural Gas Transportation. This segment made a revenue of $235.27M, representing 63.20% of the company's total revenue.