MDU Resources Group Announces Increased Capital Investment Plan for 2026-2030 – MDU Resources Group (NYSE:MDU)

BISMARCK, N.D., Nov. 20, 2025/ PRNewswire/– MDU Resources Group, Inc. (NYSE: MDU) today revealed a capital expense strategy amounting to $ 3.4 billion from 2026 through 2030, a boost over the business’s previous 2025– 2029 prepared capital expense of $ 3.1 billion This boost shows the business’s ongoing financial investment in safe, dependable and environmentally-responsible energy shipment facilities throughout its managed electrical, gas circulation and pipeline services.

This five-year strategy represents a roughly 34% boost over the previous five-year duration, 2021-2025, and highlights the business’s concentrate on sustainable development as a pure-play managed energy shipment service.

” Our capital expense prepare for 2026 through 2030 shows our dedication to developing the energy facilities that neighborhoods depend upon,” stated Nicole Kivisto, MDU Resources president and CEO. “We’re investing to serve a growing client base, to update and reinforce our systems for the future and to continue providing long-lasting worth for our shareholders. These prepared financial investments show the consistent, disciplined technique that specifies MDU Resources. We’re concentrated on security, dependability and development that benefits our consumers, neighborhoods and shareholders.”

Capital Investments by Section
MDU Resources’ scheduled financial investments over the 2026– 2030 duration consist of increases throughout its managed sections:

The business’s electrical energy capital expense will money ongoing system upgrades, substation enhancements and generation tasks, consisting of last payment in 2026 for the acquisition of a 49% stake in Badger Wind Farm. In addition, the Jamestown to Ellendale transmission line (JETx) task continues to advance, and the business expects stimulating the line in late 2028 to early 2029.

On the gas circulation side, capital expense will concentrate on system replacements, growths and modernization tasks to fulfill need from a growing client base. This consists of financial investments in brand-new service extensions and capability growths that accommodate financial and population development in fast-growing areas throughout our eight-state area.

The pipeline service will continue to support customer-driven tasks. The prepared Line Area 32 Growth Task is expected to serve power generation while other tasks, like the prepared Minot Industrial Growth Task, are targeted at serving commercial need in the area. In addition, capital expense concentrate on system upkeep and broadening capability where market conditions support extra financial investment.

Equity and Financing Strategy
Equity issuance in the series of $ 150 million to $ 175 million is expected in 2026, and in the series of $ 100 million to $ 125 million in 2027, to support MDU Resources’ near-term capital investment for development. The business anticipates the staying financing to come from internally created capital and financial obligation funding and will examine equity requirements beyond 2027 in later durations as longer-term financial investment strategies are upgraded.

Strategic Development and Worth Development
The business thinks the 2026– 2030, $ 3.4 billion capital expense strategy positions MDU Resources to continue attaining rate base development in the 7%– 8% variety yearly throughout its managed operations, while preserving its long-lasting incomes per share development target of 6%– 8%. Real expenses might vary from quotes since of modifications in load development, regulative choices, allowing or other aspects.

Cautionary Note Relating To Forward-Looking Statements
This press release includes positive declarations within the significance of the federal securities laws. Besides declarations of historic realities, all declarations which resolve activities, occasions, or advancements that the business expects will or might happen in the future are based upon underlying presumptions (much of which are based, in turn, upon additional presumptions), consisting of however not restricted to, declarations recognized by the words “expects,” “quotes,” “anticipates,” “plans,” “strategies,” and “forecasts,” in each case associated to such things as development quotes, investor worth development, capital investment, monetary assistance, moneying strategies, patterns, goals, objectives, techniques, client rates, regulative approvals, sustainability, and other such matters, each of which is a positive declaration. These positive declarations are based upon numerous presumptions and aspects, which are detailed in the business’s filings with the U.S. Securities and Exchange Commission.

While made in great faith, these positive declarations are based mostly on the business’s expectations and judgments and go through a variety of threats and unpredictabilities, much of which are unforeseeable and beyond the business’s control. For extra conversation concerning threats and unpredictabilities that might impact positive declarations, see “Threat Aspects” divulged in the business’s latest Yearly Report on Type 10-K, and subsequent filings. Any modifications in such presumptions or aspects might produce considerably various outcomes. Unnecessary dependence needs to not be put on positive declarations, which speak just since the date they are made. Other than as needed by suitable law, the business carries out no responsibility to upgrade the positive declarations, whether as an outcome of brand-new details, future occasions, or otherwise.

About MDU Resources Group, Inc.
MDU Resources Group Inc., a member of the S&P SmallCap 600 index, makes every effort to provide safe, dependable, budget-friendly and ecologically accountable electrical energy and gas circulation services to more than 1.2 million consumers throughout the Pacific Northwest and Midwest. In addition to its energy operations, the business’s pipeline service runs a more than 3,800-mile gas pipeline network and storage system, guaranteeing dependable energy shipment throughout the Northern Plains. With a tradition covering over a century, MDU Resources stays concentrated on stimulating lives for a much better tomorrow. To find out more about MDU Resources, see www.mdu.com or get in touch with the financier relations department at investor@mduresources.com.

Financier Contact: Brent Miller, treasurer, 701-530-1730
Media Contact: Byron Pfordte, director of incorporated interactions, 208-377-6050

SOURCE MDU Resources Group, Inc.