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MDU Resources Announces Public Offering of $200 Million of Shares of Common Stock with a Forward Component
MDU Resources is raising $200 million through an underwritten stock offering with a forward sale component and an option for additional shares to enhance capital management.
- BISMARCK, N.D. — MDU Resources Group, Inc. announced today a $1522842 underwritten stock offering, citing an effective SEC shelf registration.
- MDU Resources will enter into forward sale agreements with Wells Fargo Bank, N.A., Bank of America, N.A., and JPMorgan Chase Bank, N.A., to sell approximately $200 million of shares, with proceeds used for projects like the Badger Wind Farm in 2026 if physical settlement occurs.
- Underwriters led by Wells Fargo Securities, LLC , BofA Securities , and J.P. Morgan Securities LLC may distribute shares, with an option for 1,522,842 additional shares granted to the underwriters.
- A preliminary prospectus supplement will be filed with the SEC and posted on sec.gov, and settlement of the forward sales is expected within 24 months with cash settlement or net share settlement possible.
- The news release contains forward-looking statements about the offering and related transactions, based on assumptions and risks detailed in company filings and Form 10-K .
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BISMARCK, N.D., Dec. 4, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that it has priced an underwritten public offering of 10,152,284 shares of its common stock at a public offering price of $19.70 per share. Subject…
Farm Talk Newspaper+19 Reposted by 19 other sources
MDU Resources Announces Public Offering of $200 Million of Shares of Common Stock with a Forward Component
BISMARCK, N.D., Dec. 3, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that it has commenced an underwritten public offering of $200 million of shares of its common stock. Subject to certain conditions, all shares are expected…
·Parsons, United States
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Leaning Left3Leaning Right2Center16Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
14%
C 76%
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