MDU Resources Group (NYSE:MDU) Shares Gap Down - Here's Why

MDU Resources Group (NYSE:MDU) shares gapped down despite reporting second-quarter results that beat EPS expectations, with adjusted EPS of $0.10 against a $0.09 consensus. Revenue increased by 6.8% but missed analyst estimates, and the natural-gas distribution segment remained unprofitable. The company's future upside is supported by growth projects like the Bakken East Pipeline and a recent upgrade to Overweight by JPMorgan with a $27 price target, contrasting with the broader "Hold" consensus at $23.40.