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 2023

Earnings data Q2 2023

MDU Resources (MDU) is expected to further benefit from the planned separation of its two-platform business model, systematic investments and rising backlog.

MDU Resources (MDU) to Gain From Spin-off & Planned Investments

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BISMARCK, N.D. , March 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced the filing of a Form 10 registration statement with the Securities and Exchange Commission that identifies "KNF" as the stock ticker under which Knife River Corporation, the company's construction materials subsidiary, expects to be listed on the New York Stock Exchange.

Knife River to be Listed Under Ticker KNF on NYSE Upon Spinoff From MDU Resources

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BISMARCK, N.D. , Feb. 16, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has selected the management team who will lead Knife River Corporation, the company's construction materials subsidiary, effective upon completion of the anticipated separation of Knife River into an independent, publicly traded company.

MDU Resources Board of Directors Names Leadership for Knife River Upon Separation

BISMARCK, N.D. , Feb. 16, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today declared a quarterly dividend on the company's common stock of 22.25 cents per share, unchanged from the previous quarter.

MDU Resources Declares Quarterly Dividend on Common Stock

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MDU Resources Group, Inc. (NYSE:MDU ) Q4 2022 Earnings Conference Call February 9, 2023 2:00 PM ET Company Participants Jason Vollmer - VP & CFO David Barney - President & CEO, Knife River Corporation Nicole Kivisto - CEO & President, Cascade Natural Gas Corp, Intermountain Gas Co & Montana-Dakota Utilities Co. Jeffrey Thiede - President & CEO, MDU Construction Services Group, Inc David Goodin - President, CEO & Director Trevor Hastings - President & CEO, WBI Energy, Inc. Conference Call Participants Dariusz Lozny - Bank of America Merrill Lynch Brian Russo - Sidoti & Company Christopher Ellinghaus - Siebert Williams Shank Ryan Levine - Citigroup Brent Thielman - D.A. Davidson & Co. Operator Hello.

MDU Resources Group, Inc. (MDU) Q4 2022 Earnings Call Transcript

MDU Resources Group (MDU) fourth-quarter earnings beat the estimates. MDU reports increased revenues from electric, natural gas distribution and regulated pipeline.

MDU Resources (MDU) Q4 Earnings Top Estimates, Revenues Up Y/Y

BISMARCK, N.D. , Feb. 9, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported 2022 earnings on a generally accepted accounting principles (GAAP) basis of $367.5 million, or $1.81 per share, with adjusted earnings of $380.2 million, or $1.87 per share, compared to 2021 GAAP earnings of $378.1 million, or $1.87 per share.

MDU Resources Reports 2022 Earnings; Initiates 2023 Guidance

BISMARCK, N.D. , Jan. 24, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that it has entered into a cooperation agreement with Corvex Management LP under which Corvex Partner James H.

MDU Resources Enters Into Cooperation Agreement With Corvex Management

BISMARCK, N.D. , Jan. 19, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its year-end 2022 earnings conference call at 2 p.m.

MDU Resources Schedules Webcast of Year-End 2022 Earnings Conference Call

BISMARCK, N.D. , Jan. 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that Nathan W.

MDU Resources Names Nathan Ring CFO of Knife River Corporation

BISMARCK, N.D. , Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation.

MDU Resources Expects Second Quarter Spinoff of Knife River Corp.; Strategic Review of MDU Construction Services Group Underway

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MDU Resources (MDU) announces a five-year capital expenditure plan, which is set to further strengthen the electric & gas delivery and construction materials and services businesses.

MDU Resources (MDU) 5-Year Capex to Focus on Infrastructure

BISMARCK, N.D. , Nov. 22, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced its plans to make capital investments totaling $3.5 billion over the five-year period from 2023 to 2027.

MDU Resources Announces Five-Year Capital Investment Plan

MDU Resources (MDU) continues to reward its shareholders with annual dividend hikes. Strong demand and expanding operations will allow MDU's management to approve dividend hikes in the future.

MDU Resources (MDU) Offers Investors 2.3% Higher Dividend

BISMARCK, N.D. , Nov. 18, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that German Carmona Alvarez has been appointed to the company's board of directors.

MDU Resources Appoints German Carmona Alvarez to Board of Directors

BISMARCK, N.D. , Nov. 17, 2022 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) today announced that Brian R.

MDU Resources Names Brian Gray President of Knife River Corporation; David Barney Remains CEO

BISMARCK, N.D. , Nov. 17, 2022 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today increased the company's quarterly common stock dividend to 22.25 cents per share, for an annualized dividend of 89 cents per share.

MDU Resources Increases Stock Dividend 32nd Consecutive Year

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