05:05 PM EST, 11/20/2025 (MT Newswires) -- MDU Resources ( MDU ) said Thursday it is launching a capital investment plan of $3.4 billion for the 2026-2030 period, up from its previous 2025-2029 planned capital investment of $3.1 billion.

The latest plan also represents an approximate 34% increase over the previous five-year period from 2021 to 2025, MDU said.

The company said equity issuance between $150 million and $175 million is planned in 2026, and between $100 million and $125 million in 2027, to back capital expenditures.

The remaining funding is expected to come from internally generated cash flows and debt financing, the company said, adding it will review equity needs after 2027 as it updates investment plans.