MDU Resources' stock experienced a pre-market plunge of 8.83% on Thursday, following the release of its first-quarter financial results.
The utility and pipeline operator reported Q1 earnings of $0.39 per share, missing analyst consensus estimates of $0.42. Quarterly sales came in at $606 million, significantly below the estimated $688.26 million, representing an 11.95% miss. The company attributed the revenue decline partly to the impact of milder weather, which reduced electric and natural gas volumes.
Despite the quarterly miss, MDU Resources affirmed its full-year 2026 EPS guidance range of $0.93 to $1.00 and reported progress on its proposed Bakken East Pipeline project.