MDU Resources Group approves pipeline: MDU Resources Group stock yields 3.10 percent

Published on 10/06/2026 at 01:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The line is designed for 1.40 Bcf per day, with completion targeted in 2029 and 2030. Analysts set a USD 23.40 target for MDU Resources Group stock.

MDU, US5526901096, Illustration mit AI erstellt.

MDU Resources Group (ISIN US5526901096) approved the final investment decision for the Bakken East Pipeline on October 2, 2026, while its stock carried a 3.10 percent dividend yield in the September 30, 2026, MarketBeat report. The project gives the regulated utility a long-term infrastructure commitment alongside its earnings and dividend profile.

Pipeline adds 1.40 Bcf capacity

According to Yahoo Finance on October 2, 2026, the Bakken East Pipeline will extend roughly 350 miles across North Dakota and has an initial design capacity of 1.40 billion cubic feet per day. Phased completion is targeted for 2029 and 2030.

The project also raises the importance of capital allocation. MDU's broader capital plan and pipeline spending will determine how quickly the infrastructure investment contributes to earnings, while the long construction timetable leaves the near-term result anchored to regulated utility operations.

Second-quarter revenue rose 6.80 percent

MDU reported USD 375.30 million of revenue in the second quarter of 2026, up 6.80 percent from the prior-year quarter, according to MarketBeat. Diluted earnings per share reached USD 0.10 versus USD 0.09 consensus, while revenue fell short of the USD 396.56 million estimate.

Management set fiscal 2026 earnings-per-share guidance at USD 0.93-1.00, and the analyst consensus cited by MarketBeat was USD 0.98 for fiscal 2026. The comparison shows a mixed setup: earnings exceeded expectations, but revenue missed the estimate.

Analyst target stays above NYSE price

Seven research firms carried a consensus Hold rating and an average 12-month target of USD 23.40 on September 30, 2026, according to MarketBeat. JPMorgan had upgraded MDU to Overweight with a USD 27.00 target on August 6, 2026, while Wells Fargo began coverage with an Overweight rating and a USD 25.00 target on July 13, 2026.

Trivano identifies MDU Resources Group as an NYSE-listed company and a member of the S&P SmallCap 600. The business combines regulated electric and natural gas distribution with pipeline and construction operations.

NYSE quote and Lang & Schwarz close

MDU was last at USD 18.69 on the NYSE on October 5, 2026 at 4:00 p.m. ET, against a USD 17.74 to USD 22.98 52-week range and a market capitalization of USD 3.9 billion. The prior close at Lang & Schwarz was EUR 16.65 on October 2, 2026.