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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MDU Resources Group's retained earnings for the quarter that ended in Mar. 2026 was MXN20,933 Mil.
MDU Resources Group's quarterly retained earnings
increased
from Sep. 2025 (MXN19,471 Mil) to Dec. 2025 (MXN19,966 Mil) and
increased
from Dec. 2025 (MXN19,966 Mil) to Mar. 2026 (MXN20,933 Mil).
MDU Resources Group's annual retained earnings
increased
from Dec. 2023 (MXN21,280 Mil) to Dec. 2024 (MXN21,475 Mil) but then
declined
from Dec. 2024 (MXN21,475 Mil) to Dec. 2025 (MXN19,966 Mil).
MDU Resources Group (MEX:MDU) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
MDU Resources Group Retained Earnings Historical Data
* Premium members only.
The historical data trend for MDU Resources Group's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN20,933 Mil mean?
MDU Resources Group (MEX:MDU) has a Retained Earnings of MXN20,933 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on MDU Resources Group and its competitors.
Is MDU Resources Group's Retained Earnings too high?
MDU Resources Group's current Retained Earnings is MXN20,933 Mil. Overall, MDU Resources Group has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's Retained Earnings compare to SR and OGS?
MDU Resources Group's Retained Earnings of MXN20,933 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Utilities - Regulated company?
A good Retained Earnings depends on the Utilities - Regulated industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on MDU Resources Group and its competitors. MDU Resources Group's current Retained Earnings is MXN20,933 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
MDU Resources Group (MEX:MDU) has a current Retained Earnings of MXN20,933 Mil. The stock's GF Value™ is MXN265.28, compared to a current price of MXN319.00 — trading 20.3% above its estimated fair value. The current Retained Earnings is MXN20,933 Mil. MDU Resources Group's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For MDU Resources Group (MEX:MDU), the current Retained Earnings is MXN20,933 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MDU Resources Group (MEX:MDU) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of MXN319.00 is trading 20.3% above its estimated GF Value™ of MXN265.28.
Key valuation signals for MEX:MDU:
Retained Earnings: MXN20,933 Mil
GF Value™: MXN265.28 vs. price of MXN319.00 (20.3% above fair value)
No single metric tells the full story. See the MEX:MDU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
73GF Score
Get the complete analysis for MEX:MDU
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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