MDU Resources Group (MDU) Revenue & Revenue Breakdown

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MDU Resources Group Revenue Highlights

Latest Revenue (Y)

$4.66B

Latest Revenue (Q)

$1.05B

Main Segment (Y)

Natural Gas Transportation

MDU Resources Group Revenue by Period

MDU Resources Group Revenue by Year

Date	Revenue	Change
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 $4.66B in revenue during NA 2023, up -33.22% compared to the previous quarter, and up 102.77% compared to the same period a year ago.

MDU Resources Group Revenue by Quarter

Date	Revenue	Change
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 $1.05B in revenue during Q2 2024, up -13.70% compared to the previous quarter, and up 60.30% 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 23	Dec 22	Dec 21	Dec 20	Dec 19
Natural Gas, Storage	$18.25M	-	-	-	-
Natural Gas Transportation	$197.76M	-	-	-	-
Other Revenues	$91.64M	-	-	-	-
Construction services	-	$2.69B	$2.05B	$2.09B	$1.85B
Electric	-	$376.58M	$349.04M	$331.54M	$351.73M
Construction materials and contracting	-	$2.53B	$2.23B	$2.18B	$2.19B
Pipeline and Midstream	-	$96.57M	$82.86M	$85.35M	$84.19M
Natural gas distribution	-	$1.27B	$971.36M	$847.65M	$865.22M
Corporate and Other	-	-	$84.00K	$-55.00K	$90.00K

MDU Resources Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Natural Gas Transportation (64.28%), Other Revenues (29.79%), and Natural Gas, Storage (5.93%).

Quarterly Revenue by Product

Product/Service	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	Mar 20	Dec 19	Sep 19
Natural Gas Transportation	$57.22M	$58.23M	$149.37M	$48.39M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Storage	$6.05M	$5.38M	$13.45M	$4.81M	$4.37M	$4.07M	$4.88M	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenues	$31.06M	$22.57M	$67.54M	$24.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	$512.21M	$482.59M	$478.38M	-	-	-
Electric	-	-	-	-	$90.99M	$95.60M	$99.19M	$85.46M	$93.59M	$98.93M	$83.65M	$84.67M	$87.45M	$76.44M	$85.91M	$88.30M	$89.84M	-	-	-
Pipeline	-	-	-	-	$34.21M	$14.33M	$36.05M	$29.81M	$11.12M	$30.97M	$27.77M	$9.91M	$32.07M	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	-	$25.00K	$28.00K	$17.00K	$24.00K	$-112.00K	$18.00K	$25.00K	$22.00K	-	-	-
Natural gas distribution	-	-	-	-	$219.00M	$565.52M	$132.07M	$210.44M	$450.42M	$110.38M	$153.79M	$350.21M	$94.70M	$141.49M	$326.44M	$295.57M	$93.64M	-	-	-
Construction materials and contracting	-	-	-	-	-	$307.77M	$975.09M	$711.61M	$309.84M	$831.19M	$633.67M	$265.66M	$822.44M	$621.04M	$262.14M	$497.36M	$869.38M	-	-	-
Natural Gas Gathering	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$621.00K	-	-	-	-	-
Pipeline and Midstream	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$27.66M	$10.65M	$14.37M	$32.53M

MDU Resources Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Natural Gas Transportation (60.66%), Other Revenues (32.93%), and Natural Gas, Storage (6.42%).

MDU Resources Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BBU	Brookfield Business Partners	$56.08B	$11.96B
MDU	MDU Resources Group	$4.66B	$1.05B
VMI	Valmont Industries	$4.17B	$1.02B
GFF	Griffon	$2.62B	$647.81M
CODI	Compass Diversified	$2.06B	$582.62M
SPLP	Steel Partners	$1.91B	$40.27M
MATW	Matthews	$1.88B	$131.84M
TRC	Tejon Ranch	$44.74M	$10.86M

MDU Revenue FAQ

What is MDU Resources Group’s yearly revenue?

MDU Resources Group's yearly revenue for 2023 was $4.66B, representing a decrease of -33.22% compared to 2022. The company's yearly revenue for 2022 was $6.97B, representing an increase of 22.76% compared to 2021. MDU's yearly revenue for 2021 was $5.68B, representing an increase of 2.68% compared to 2020.

What is MDU Resources Group’s quarterly revenue?

MDU Resources Group's quarterly revenue for Q2 2024 was $1.05B, a -13.70% decrease from the previous quarter (Q1 2024), and a -3.99% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.21B, a 6.92% increase from the previous quarter (Q4 2023), and a -30.13% decrease year-over-year (Q1 2023). MDU's quarterly revenue for Q4 2023 was $1.14B, a 13.44% increase from the previous quarter (Q3 2023), and a -38.94% decrease year-over-year (Q4 2022).

What is MDU Resources Group’s revenue growth rate?

MDU Resources Group's revenue growth rate for the last 3 years (2021-2023) was -18.02%, and for the last 5 years (2019-2023) was -12.73%.

What are MDU Resources Group’s revenue streams?

MDU Resources Group's revenue streams in c 23 are Natural Gas, Storage, Natural Gas Transportation, and Other Revenues. Natural Gas, Storage generated $18.25M in revenue, accounting 5.93% of the company's total revenue Natural Gas Transportation generated $197.76M in revenue, accounting 64.28% of the company's total revenue Other Revenues generated $91.64M in revenue, accounting 29.79% of the company's total revenue

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

For the fiscal year ending Dec 23, the largest source of revenue of MDU Resources Group was Natural Gas Transportation. This segment made a revenue of $197.76M, representing 64.28% of the company's total revenue.