Mdu Resources Group annual free cash flow
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2025
Mdu Resources Group Free Cash Flow (FCF) History (MDU)
Mdu Resources Group reported −$297.0M in free cash flow for fiscal 2025, a decrease of $276.5M from the previous fiscal year, with a free cash flow margin of −15.94%.
View full Mdu Resources Group company overviewMdu Resources Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$297.0M | −$276.5M | — | −15.94% |
| 2024 | 2024-12-31 | −$20.5M | $131.0M | — | −1.17% |
| 2023 | 2023-12-31 | −$151.5M | −$219.0M | — | −8.39% |
| 2022 | 2022-12-31 | $67.5M | $56.9M | +537.83% | +3.85% |
| 2021 | 2021-12-31 | $10.6M | −$199.8M | −94.97% | +0.31% |
| 2020 | 2020-12-31 | $210.4M | $244.2M | — | +3.80% |
| 2019 | 2019-12-31 | −$33.8M | $34.6M | — | −0.63% |
| 2018 | 2018-12-31 | −$68.3M | −$175.0M | — | −1.51% |
| 2017 | 2017-12-31 | $106.6M | $32.6M | +44.04% | +2.40% |
| 2016 | 2016-12-31 | $74.0M | −$51.0M | −40.78% | +1.79% |
| 2015 | 2015-12-31 | $125.0M | −$32.7M | −20.75% | +3.11% |
| 2014 | 2014-12-31 | $157.7M | −$65.3M | −29.26% | +3.83% |
| 2013 | 2013-12-31 | $223.0M | $511.2M | — | +5.69% |
| 2012 | 2012-12-31 | −$288.2M | −$417.8M | — | −7.07% |
| 2011 | 2011-12-31 | $129.6M | $27.3M | +26.67% | +3.20% |
| 2010 | 2010-12-31 | $102.4M | — | — | +2.62% |
Mdu Resources Group quarterly free cash flow
Q1.11
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Q3.11
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Q4.12
Q1.13
Q2.13
Q3.13
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Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
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Q1.16
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Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
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Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
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Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
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Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $15.0M | −$21.5M | −58.85% | +4.02% |
| Q1 2026 | 2026-03-31 | $56.8M | −$67.6M | −54.36% | +9.48% |
| Q4 2025 | 2025-12-31 | −$336.0M | −$240.2M | — | −64.30% |
| Q3 2025 | 2025-09-30 | −$121.9M | −$122.6M | — | −38.87% |
| Q2 2025 | 2025-06-30 | $36.5M | $9.9M | +37.50% | +10.46% |
| Q1 2025 | 2025-03-31 | $124.4M | $76.3M | +158.65% | +18.35% |
| Q4 2024 | 2024-12-31 | −$95.8M | −$140.0M | — | −18.04% |
| Q3 2024 | 2024-09-30 | $673,000 | $37.3M | — | +0.23% |
| Q2 2024 | 2024-06-30 | $26.5M | $30.3M | — | +7.73% |
| Q1 2024 | 2024-03-31 | $48.1M | $203.4M | — | +8.18% |
| Q4 2023 | 2023-12-31 | $44.2M | −$79.5M | −64.30% | — |
| Q3 2023 | 2023-09-30 | −$36.6M | −$71.2M | — | −3.70% |
| Q2 2023 | 2023-06-30 | −$3.7M | $49.2M | — | −0.35% |
| Q1 2023 | 2023-03-31 | −$155.3M | −$117.4M | — | −10.91% |
| Q4 2022 | 2022-12-31 | $123.7M | $50.8M | +69.74% | — |
| Q3 2022 | 2022-09-30 | $34.6M | $17.7M | +105.41% | +3.45% |
| Q2 2022 | 2022-06-30 | −$52.9M | $10.8M | — | −5.24% |
| Q1 2022 | 2022-03-31 | −$37.9M | −$22.4M | — | −2.67% |
| Q4 2021 | 2021-12-31 | $72.9M | −$69.6M | −48.83% | — |
| Q3 2021 | 2021-09-30 | $16.8M | −$38.5M | −69.59% | +1.06% |
| Q2 2021 | 2021-06-30 | −$63.7M | −$136.5M | — | −4.47% |
| Q1 2021 | 2021-03-31 | −$15.5M | $44.7M | — | −1.26% |
| Q4 2020 | 2020-12-31 | $142.4M | −$43.7M | −23.48% | +10.28% |
| Q3 2020 | 2020-09-30 | $55.3M | −$29.3M | −34.63% | +3.49% |
| Q2 2020 | 2020-06-30 | $72.8M | $245.1M | — | +5.34% |
| Q1 2020 | 2020-03-31 | −$60.2M | $72.1M | — | −5.03% |
| Q4 2019 | 2019-12-31 | $186.1M | $226.3M | — | +13.51% |
| Q3 2019 | 2019-09-30 | $84.6M | $78.8M | +1356.23% | +5.41% |
| Q2 2019 | 2019-06-30 | −$172.3M | −$137.6M | — | −13.22% |
| Q1 2019 | 2019-03-31 | −$132.3M | −$132.9M | — | −12.12% |
| Q4 2018 | 2018-12-31 | −$40.1M | −$96.9M | — | −3.32% |
| Q3 2018 | 2018-09-30 | $5.8M | −$48.3M | −89.25% | +0.45% |
| Q2 2018 | 2018-06-30 | −$34.7M | −$16.2M | — | −3.26% |
| Q1 2018 | 2018-03-31 | $655,000 | −$13.6M | −95.39% | +0.07% |
| Q4 2017 | 2017-12-31 | $56.8M | −$44.6M | −43.99% | +4.88% |
| Q3 2017 | 2017-09-30 | $54.1M | −$36.0M | −39.94% | +4.25% |
| Q2 2017 | 2017-06-30 | −$18.5M | $29.8M | — | −1.73% |
| Q1 2017 | 2017-03-31 | $14.2M | $83.4M | — | +1.52% |
| Q4 2016 | 2016-12-31 | $101.4M | −$17.0M | −14.36% | +9.98% |
| Q3 2016 | 2016-09-30 | $90.1M | $5.2M | +6.17% | +7.45% |
| Q2 2016 | 2016-06-30 | −$48.3M | −$6.5M | — | −4.63% |
| Q1 2016 | 2016-03-31 | −$69.2M | −$32.7M | — | −8.04% |
| Q4 2015 | 2015-12-31 | $118.4M | $12.8M | +12.12% | +11.66% |
| Q3 2015 | 2015-09-30 | $84.8M | $41.2M | +94.64% | +7.08% |
| Q2 2015 | 2015-06-30 | −$41.8M | −$92.9M | — | −4.46% |
| Q1 2015 | 2015-03-31 | −$36.4M | $6.2M | — | −4.23% |
| Q4 2014 | 2014-12-31 | $105.6M | −$102.6M | −49.27% | +11.65% |
| Q3 2014 | 2014-09-30 | $43.6M | $65.6M | — | +3.59% |
| Q2 2014 | 2014-06-30 | $51.1M | $197.0M | — | +5.37% |
| Q1 2014 | 2014-03-31 | −$42.6M | $9.0M | — | −4.09% |
| Q4 2013 | 2013-12-31 | $208.2M | $196.0M | +1601.92% | +32.42% |
| Q3 2013 | 2013-09-30 | −$22.0M | $64.7M | — | −1.71% |
| Q2 2013 | 2013-06-30 | −$145.9M | $18.4M | — | −13.76% |
| Q1 2013 | 2013-03-31 | −$51.6M | −$2.2M | — | −5.54% |
| Q4 2012 | 2012-12-31 | $12.2M | −$45.3M | −78.72% | +1.13% |
| Q3 2012 | 2012-09-30 | −$86.7M | −$129.5M | — | −7.39% |
| Q2 2012 | 2012-06-30 | −$164.3M | −$155.8M | — | −16.97% |
| Q1 2012 | 2012-03-31 | −$49.4M | −$87.2M | — | −5.80% |
| Q4 2011 | 2011-12-31 | $57.5M | — | — | +5.39% |
| Q3 2011 | 2011-09-30 | $42.8M | — | — | +3.71% |
| Q2 2011 | 2011-06-30 | −$8.4M | — | — | −0.91% |
| Q1 2011 | 2011-03-31 | $37.8M | — | — | +4.19% |
Mdu Resources Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $210.4M to −$297.0M, a net decrease of $507.4M. Mdu Resources Group's latest reported quarter, Q2 2026, generated $15.0M in free cash flow, a decrease of 58.85% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Mdu Resources Group filings at SEC.gov ↗