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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. MDU Resources Group's average diluted shares outstanding for the quarter that ended in Jun. 2026 was 212 Mil.
MDU Resources Group (MEX:MDU) Shares Outstanding (Diluted Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
MDU Resources Group Shares Outstanding (Diluted Average) Related Terms
MDU Resources Group Shares Outstanding (Diluted Average) Historical Data
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The historical data trend for MDU Resources Group's Shares Outstanding (Diluted Average) 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.
MDU Resources Group Shares Outstanding (Diluted Average) Chart
MDU Resources Group Shares Outstanding (Diluted Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Diluted Average) of 212 Mil mean?
MDU Resources Group (MEX:MDU) has a Shares Outstanding (Diluted Average) of 212 Mil as of Jun. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on MDU Resources Group and its competitors.
Is MDU Resources Group's Shares Outstanding (Diluted Average) too high?
MDU Resources Group's current Shares Outstanding (Diluted Average) is 212 Mil. Overall, MDU Resources Group has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's Shares Outstanding (Diluted Average) compare to SR and OGS?
MDU Resources Group's Shares Outstanding (Diluted Average) of 212 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 Shares Outstanding (Diluted Average) for an Utilities - Regulated company?
A good Shares Outstanding (Diluted Average) depends on the Utilities - Regulated industry context. However, Shares Outstanding (Diluted Average) 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 Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on MDU Resources Group and its competitors. MDU Resources Group's current Shares Outstanding (Diluted Average) is 212 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 Shares Outstanding (Diluted Average) of 212 Mil. The stock's GF Value™ is MXN286.30, compared to a current price of MXN319.00 — trading 11.4% above its estimated fair value. The current Shares Outstanding (Diluted Average) is 212 Mil. MDU Resources Group's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For MDU Resources Group (MEX:MDU), the current Shares Outstanding (Diluted Average) is 212 Mil as of Jun. 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 11.4% above its estimated GF Value™ of MXN286.30.
Key valuation signals for MEX:MDU:
Shares Outstanding (Diluted Average): 212 Mil
GF Value™: MXN286.30 vs. price of MXN319.00 (11.4% 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.
77GF Score
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