05:29 PM EST, 12/03/2025 (MT Newswires) -- MDU Resources ( MDU ) said late Wednesday it launched a public offering of $200 million of common shares.

The company said it will grant underwriters an overallotment option to purchase up to an additional $30 million of shares.

The shares will be borrowed by forward sellers from third parties and sold to underwriters under forward sale agreements, according to a statement.

The company will not initially receive any proceeds from the offering. If MDU Resources ( MDU ) elects physical settlement of forward sale agreements, it will use any proceeds for general corporate purposes and working capital, according to the company.

MDU shares fell 2.4% in after-hours trading.