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

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Earnings data Q1 2023

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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.

Knife River Corp

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) successfully completes its spinoff from MDU Resources Group, Inc. (NYSE: MDU); to start trading on the NYSE today.

Knife River Corporation Completes Spinoff from MDU Resources

Bank of Hawaii

NEW YORK , May 25, 2023 /PRNewswire/ -- Knife River Corp. (NYSE: KNF) will be added to the S&P MidCap 400 prior to the open of trading on Thursday, June 1 following its spin-off from S&P MidCap 400 constituent MDU Resources Group Inc. (NYSE: MDU). Effective prior to the open of trading on Friday, June 2, S&P MidCap 400 constituent Bank of Hawaii Corp. (NYSE:BOH) will replace HomeStreet Inc. (NASD:HMST) in the S&P SmallCap 600.

Knife River Set to Join S&P MidCap 400; Bank of Hawaii to Join S&P SmallCap 600

BISMARCK, N.D. , May 18, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) has approved the appointment of Paul R.

MDU Resources Names Chief Legal Officer Successor

MDU Resources' (MDU) two-platform business model and strategic investments are likely to have a positive impact on earnings and revenues. The planned spin-off will further strengthen its operations.

MDU Resources (MDU) to Gain From Investments & Spin-Off

BISMARCK, N.D. , May 12, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that, in connection with the previously announced separation of Knife River Corporation from MDU Resources, the Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by Knife River Holding Company, the wholly owned subsidiary of MDU Resources that was formed to be the new parent company for Knife River Corporation post-separation.

MDU Resources Announces Knife River Form 10 Registration Statement Declared Effective

BISMARCK, N.D. , May 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that Rob L.

MDU Resources Names Rob Johnson President of Subsidiary WBI Energy

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MDU should benefit from a healthy order backlog, rate hikes, and additional capacity at its plant. The funding under the IIJA and IRA should benefit the company in the medium to long term.

MDU Resources Group: Backlog, Rate Hikes, And Infrastructure Funding Should Drive Growth

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MDU Resources' (MDU) first-quarter earnings and revenues increase year over year.

MDU Resources (MDU) Q1 Earnings and Revenues Increase Y/Y

MDU Resources Group, Inc. (NYSE:MDU ) Q1 2023 Earnings Conference Call May 4, 2023 2:00 PM ET Company Participants Jason Vollmer - Vice President and Chief Financial Officer Dave Goodin - President and Chief Executive Officer Stephanie Barth - Vice President, Chief Accounting Officer and Controller Brian Gray - President and Chief Executive Officer, Knife River Corporation Jeff Thiede - President and Chief Executive Officer, MDU Construction Services Group Trevor Hastings - President and Chief Executive Officer, WBI Energy Nicole Kivisto - President and Chief Executive Officer, Utility Group Conference Call Participants Ryan Levine - Citi Brian Russo - Sidoti Brent Thielman - D.A. Davidson Operator Hello.

MDU Resources Group, Inc. (MDU) Q1 2023 Earnings Call Transcript

BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has 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, Outlines Future Dividend Expectations

BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported first quarter earnings on a generally accepted accounting principles (GAAP) basis of $38.3 million, or 19 cents per share, with adjusted earnings of $46.6 million, or 23 cents per share, compared to first quarter 2022 GAAP earnings of $31.7 million, or 16 cents per share.

MDU Resources Reports First Quarter Earnings; Board Approves Knife River Separation

BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has approved the previously announced separation of the company's wholly owned construction materials subsidiary, Knife River Corporation, through a pro rata distribution of the outstanding shares of common stock of Knife River Holding Company, which is the newly formed parent company for Knife River Corporation.

MDU Resources Board of Directors Approves Separation of Knife River; Declares Distribution of Shares for Knife River

BISMARCK, N.D. , April 25, 2023 /PRNewswire/ -- MDU Resources Group, Inc. ("MDU Resources") (NYSE: MDU) today announced the closing of its previously announced offering of $425 million of notes due 2031 (the "notes") by Knife River Holding Company, a wholly owned subsidiary of MDU Resources (the "Issuer"), in connection with the previously announced spinoff of Knife River Corporation into a separate publicly traded company.

MDU Resources Announces Closing of Knife River Holding Company's $425 Million Notes Offering in Connection With Anticipated Knife River Spinoff

BISMARCK, N.D. , April 14, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its first quarter 2023 earnings conference call at 2 p.m.

MDU Resources Schedules Webcast of First Quarter 2023 Earnings Conference Call

BISMARCK, N.D. , April 11, 2023 /PRNewswire/ -- MDU Resources Group, Inc. ("MDU Resources") (NYSE: MDU) today announced that Knife River Holding Company, a wholly owned subsidiary of MDU Resources, has priced an offering of $425 million of notes due 2031, in connection with the previously announced spinoff of Knife River Corporation into a separate publicly traded company.

MDU Resources Announces Pricing of Knife River Holding Company's $425 Million Notes Offering in Connection With Anticipated Knife River Spinoff

BISMARCK, N.D. , April 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Knife River Holding Company, a wholly owned subsidiary of MDU Resources, has launched an offering of notes due 2031, subject to market conditions and other customary factors, in connection with the previously announced spinoff of Knife River Corporation into a separate publicly traded company.

MDU Resources Announces Launch of Knife River Holding Company's Notes Offering in Connection With Anticipated Knife River Spinoff

BISMARCK, N.D. , April 7, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the anticipated board of directors for Knife River Holding Company, effective upon completion of the planned separation of MDU Resources' construction materials subsidiary into an independent, publicly traded company.

MDU Resources Announces Anticipated Board of Directors for Knife River

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

News for MDU Resources Group Stock (MDU)