M
MDU
MDUUnverified3 segments tracked|4 years of data|Annual (10-K)
Total Revenue
$1.4B11.0%
FY2021
Operating Segments
3Active segments
Blended Margin
14.5%Operating margin
Highest Margin
57.9%Pipelineand Midstream
Segment Shift
Pipelineand Midstream has grown from 6.3% to 5.9% of total revenue since FY2018, with 57.9% operating margins. Meanwhile, Natural Gas Distribution is the fastest growing at +14.6% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2021
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Natural Gas Distribution | $972M | $89M | 9.2% | 69.2% | +14.6% |
| Electric | $349M | $66M | 19.0% | 24.9% | +5.4% |
| Pipelineand Midstream | $83M | $48M | 57.9% | 5.9% | -2.7% |
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