MDU
Market read
The latest filing evidence is available. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
Invalidation: The isolated read changes if MDU's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Investing activities Six Months Ended June 30, 2026 2025 Variance (In millions) Components of net cash used in investing activities: Capital expenditures $ (193.5) $ (174.0) $ (19.5) Cost of removal, net of salvage value (3.9) (2.5) (1.4) Purchase of investme…”10-Q · Aug 6, 2026 ↗
“Interest expense increased $3.6 million, primarily due to higher long-term debt balances.”10-Q · Aug 6, 2026 ↗
“Over the long-term, the Company expects overall electric demand to be positively impacted by increased electrification trends as a means to address economy-wide carbon emission concerns, large data center growth and changing customer conservation patterns.”10-Q · Aug 6, 2026 ↗
“Purchased natural gas sold decreased $79.1 million, largely due to lower volumes of natural gas purchased of $48.6 million, commodity costs of $20.8 million and net environmental compliance costs of $9.7 million.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Price/sales 2.1× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for MDU. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-07 against the comparable filing from 2025-05-08.
“Investing activities Three Months Ended March 31, 2026 2025 Variance (In millions) Components of net cash used in investing activities: Capital expenditures $ (92.4) $ (93.0) $ .6 Cost of removal, net of salvage value (.8) 0.8 (1.6) Purchase of investment securities (2.0) (2.6) .6 Proceeds from investment securities 4.0 — 4.0 Net cash used in investing activities $ (91.2) $ (94.8) $ 3.6 The cash used in investing activities decreased compared to 2025, primarily due to excess cash above the 125% funding limit withdrawn from the Company's unfunded, nonqualified defined benefit plans.”
“Interest expense increased $4.0 million, primarily due to higher long-term debt balances.”
“Interest expense increased $1.5 million, primarily due to higher long-term debt balances.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“The decrease in net income was partially offset by higher retail sales volumes, partly from a data center near Ellendale, North Dakota.”
“As part of MISO's long range transmission plan, in August 2022, the Company announced its intent to develop, construct and co-own JETx with Otter Tail Power Company in central North Dakota.”
Depended on by
“Other income includes net periodic benefit costs for our benefit plan expenses, other than service costs; interest income; realized and unrealized gains and losses on investments for our nonqualified benefit plans; earnings or losses on joint venture 29 Index…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
MDU is currently a Participant in the organic co-movement group Defensive Income. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for MDU; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.