MDU Resources Group

MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment offers natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. The Construction Services segment refers to the inside and outside specialty contracting services. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14, 1924, and is headquartered in Bismarck, ND.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MDU Resources Group reports record earnings and revenue growth

MDU Resources Group delivered strong financial performance in 2022, driven by record revenues in key segments.
Challenges like supply chain bottlenecks and residential market slowdown are being addressed.
The company is optimistic about growth opportunities and progress on strategic initiatives.
Established revenue guidance for 2023 indicates a positive outlook for MDU Resources Group.

MDU Resources Group posts strong Q1 earnings, approves Knife River spin-off

MDU Resources Group delivered solid Q1 results, showcasing strength in utility and pipeline businesses. Despite challenges in Construction Materials, the company remains optimistic about growth opportunities through the Knife River spin-off and strong backlog in Construction Services Group.

MDU Resources Group posts strong Q2 earnings, eyes growth opportunities

MDU Resources Group delivered strong financial results in Q2 2023, driven by robust performance in utility, pipeline, and construction services businesses.
Despite challenges such as regulatory lag and balancing growth, the company remains optimistic about future opportunities and sustained growth potential.
Increased earnings guidance, strong backlog, and strategic dividend payout ratios reflect management's confidence in the company's financial strength and outlook.
Overall, MDU Resources Group is well-positioned to capitalize on growth opportunities in regulated energy delivery and construction services sectors.

MDU Resources to spin off Construction Services, reports strong Q3

MDU Resources Group reported solid financial performance in Q3 2023, with record earnings in the construction services business.
The planned spin-off of Construction Services business aims to unlock shareholder value and create two independent publicly-traded companies.
Challenges in the utility business and spin-off uncertainties pose operational and communication hurdles, while growth opportunities in diverse projects and regulated energy delivery projects are highlighted.
CEO succession announced alongside the retirement of David Goodin, who expressed optimism about future growth and performance of the company.

MDU Resources reports robust 2023 earnings, eyes growth opportunities

MDU Resources Group delivered strong financial performance in 2023 across its Utility, Pipeline, and Construction Services businesses.
The company's strategic focus on regulated energy delivery and operational excellence has positioned it for continued growth.
While facing challenges such as project delays and weather impacts, MDU Resources remains optimistic about future earnings and expansion opportunities.
Analysts' inquiries reflected interest in regulatory guidance, project timelines, growth prospects, and operational resilience in varying market conditions.

MDU Resources Group posts strong Q1 earnings, eyes growth opportunities

MDU Resources Group's Q1 2024 earnings call reflected a positive outlook with strong financial results and strategic initiatives. The company is poised for growth, leveraging its diversified business segments and upcoming spinoff to enhance overall value.

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MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and others. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment offers natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. The Construction Services segment refers to the inside and outside specialty contracting services. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14,1924, and is headquartered in Bismarck, ND.

MDU Resources Group, Inc. (NYSE:MDU ) Q2 2022 Results Conference Call August 4, 2022 8:30 AM ET Company Participants Jason Vollmer - VP and CFO Dave Goodin - President and CEO, MDU Resources Dave Barney - President and CEO, Knife River Corporation Jeff Thiede - President and CEO, MDU Construction Services Group Nicole Kivisto - President and CEO, Utilities Group Trevor Hastings - President and CEO of WBI Energy Stephanie Barth - Chief Accounting Officer and Controller of MDU Resources Conference Call Participants Dariusz Lozny - Bank of America Brent Thielman - D.A. Davidson Ryan Levine - Citi Brian Russo - Sidoti Operator Hello.

MDU Resources Group, Inc. (MDU) CEO Dave Goodin on Q2 2022 Results - Earnings Call Transcript

BISMARCK, N.D. , Aug. 4, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported second quarter earnings of $70.7 million, or 35 cents per share, compared to second quarter 2021 earnings of $100.2 million, or 50 cents per share.

MDU Resources Reports Second Quarter Earnings, Revises Earnings Guidance

Spinoff of Knife River expected to unlock significant shareholder value. Creates financial and strategic flexibility for each company to focus on core business opportunities.

MDU Resources Announces Plan to Separate Knife River, Creating Two Focused, Independent Publicly Traded Companies

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BISMARCK, N.D. , July 19, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its second quarter 2022 earnings conference call at 2 p.m.

MDU Resources Schedules Webcast of Second Quarter 2022 Earnings Conference Call

MDU Resources' (MDU) positive estimates movement, planned investments and customer additions make it a lucrative investment bet.

Reasons to Add MDU Resources (MDU) Stock to Your Portfolio

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MDU Resources (MDU) reported earnings 30 days ago. What's next for the stock?

Why Is MDU Resources (MDU) Up 5.5% Since Last Earnings Report?

BISMARCK, N.D. , May 24, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) recently was recognized by 50/50 Women on Boards™ for having a gender-balanced board of directors.

MDU Resources Recognized for Gender-Balanced Board of Directors

MDU Resources Group, Inc. (NYSE:MDU ) Q1 2022 Results Conference Call May 5, 2022 2:00 PM ET Company Participants Jason Vollmer - VP and CFO Dave Goodin - President and CEO, MDU Resources Dave Barney - President and CEO, Knife River Corporation Jeff Thiede - President and CEO, MDU Construction Services Group Nicole Kivisto - President and CEO, Utilities Group Conference Call Participants Dariusz Lozny - Bank of America Ryan Levine - Citi Brent Thielman - D.A. Davidson Brian Russo - Sidoti Operator Hello.

MDU Resources Group, Inc. (MDU) CEO Dave Goodin on Q1 2022 Results - Earnings Call Transcript

MDU Resources' (MDU) first-quarter earnings lag estimates. MDU Resources affirms its earnings per share guidance for 2022 and initiates its investment plans for 2022.

MDU Resources (MDU) Q1 Earnings Miss Estimates, Sales Rise Y/Y

BISMARCK, N.D. , May 4, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported first quarter earnings of $31.7 million, or 16 cents per share, compared to first quarter 2021 earnings of $52.1 million, or 26 cents per share.

MDU Resources Reports First Quarter Earnings, Affirms EPS Guidance

MDU Resources' (MDU) first-quarter results are likely to benefit from increased demand and customer growth, partly impacted by higher operating expenses.

MDU Resources (MDU) to Post Q1 Earnings: What to Expect?

BISMARCK, N.D. , April 12, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its first quarter 2022 earnings conference call May 5 following the release of its financial results.

MDU Resources Announces Webcast of Analyst Conference Call

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Why Is MDU Resources (MDU) Down 5.3% Since Last Earnings Report?

MDU Resources Group, Inc. (MDU) CEO Dave Goodin on Q4 2021 Results - Earnings Call Transcript

MDU Resources' (MDU) fourth-quarter earnings lag estimates. MDU Resources initiates earnings per share guidance for 2022 and announces the five-year planned investment.

MDU Resources (MDU) Q4 Earnings Miss Estimates, Sales Rise Y/Y

BISMARCK, N.D., Feb. 9, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced earnings of $378.1 million, or $1.87 per share, in 2021, compared to $390.2 million, or $1.95 per share, in 2020.

MDU Resources Reports 2021 Earnings, Initiates 2022 Guidance

MDU Resources' (MDU) fourth-quarter results are likely to have benefited from increased demand and customer growth, partly impacted by higher operating expenses.

MDU Resources (MDU) to Post Q4 Earnings: What's in the Offing?

MDU Resources (MDU) subsidiary, WBI Energy, has expanded the natural gas pipeline to North Dakota by completing the North Bakken Expansion project.

MDU Resources (MDU) Taps Bakken Volumes via Expanded Pipeline

BISMARCK, N.D., Feb. 1, 2022 /PRNewswire/ -- WBI Energy, Inc., a subsidiary of MDU Resources Group, Inc. (NYSE: MDU), put the North Bakken Expansion project into service today after completing construction and testing on the natural gas pipeline.

MDU Resources Subsidiary Finishes Construction, Begins Transporting Natural Gas on ND Pipeline

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MDU Resources has managed to grow consistently in recent years, including throughout the pandemic. The company has continued that growth recently, though not all financial performance figures improved year over year.

News for MDU Resources Group Stock (MDU)