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

Earnings data Q3 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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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 (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

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

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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Merck, Nike Among 14 Companies To Announce Annual Dividend Increases In The Second Half Of November

MDU Resources' (MDU) third-quarter earnings per share are better than expected. The company continues to enjoy the benefits of its expanding backlog.

MDU Resources (MDU) Q3 Earnings Beat Estimates, Backlog Rises

MDU Resources Group, Inc. (NYSE:MDU ) Q3 2022 Results Conference Call November 3, 2022 8:30 AM ET Company Participants Jason Vollmer - VP and CFO Dave Goodin - President and CEO Jeff Thiede - President and CEO, MDU Construction Services Group Dave Barney - President and CEO of Knife River Corporation Conference Call Participants Brian Russo - Sidoti Ryan Levine - Citibank Dariusz Lozny - Bank of America Operator Hello. My name is Lisa, and I will be your conference facilitator.

MDU Resources Group, Inc. (MDU) Q3 2022 Earnings Call Transcript

BISMARCK, N.D. , Nov. 3, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported third quarter earnings on a generally accepted accounting principles (GAAP) basis of $147.9 million, or 73 cents per share, with adjusted earnings of $152.0 million, or 75 cents per share, compared to third quarter 2021 GAAP earnings of $139.3 million, or 68 cents per share.

MDU Resources Reports Third Quarter Earnings; Board Authorizes Strategic Review for MDU Construction Services Group

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October saw 17 dividend growth companies boost their dividend payouts, including well-known companies like McDonald's and AbbVie. Including McDonald's, double-digit boosts came from Brown & Brown and Lincoln Electric.

15 Companies Expected To Boost Dividend Payouts In First Half Of November

MDU Resources (MDU), with systematic investments, proper debt management and increasing backlogs, is poised for growth. However, a highly competitive industry and regulations are headwinds.

MDU Resources (MDU) Gains on Investment & Two-Platform Business

BISMARCK, N.D. , Oct. 13, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its third quarter 2022 earnings conference call at 2 p.m.

MDU Resources Schedules Webcast of Third Quarter 2022 Earnings Conference Call

Chesapeake Utilities

At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with MDU Resources (MDU).

CPK or MDU: Which is a Better Utility Gas Distribution Stock?

BISMARCK, N.D. , Aug. 30, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) has committed its natural gas pipeline business to a near-term methane emissions intensity reduction target of 25% by 2030, compared to its 2020 levels.

MDU Resources Publishes 2021 Sustainability Report

AppHarvest

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities.

MDU Resources and AppHarvest See Activist Action

MDU, $30.82, Market Capitalization: $6.3 billion) announced that its Board of Directors unanimously approved a plan to separate its wholly owned construction material business, Knife River Corp.

MDU Resources To Spin-Off Its Construction Materials Business Knife River Corp

MDU Resources Group Inc is confident in its current strategy, the company said on Tuesday, after activist investor Corvex Management unveiled a nearly 5% stake in the U.S. utility.

U.S. utility MDU Resources backs its strategy after Meister's Corvex takes stake

MDU Resources is a diversified utility company with exposure to electric, natural gas, and construction materials businesses. The utility business is expected to see healthy growth stemming from an increasing customer base and rate increases.

MDU Resources Offers You Income And Value In This Crazy Market

MDU Resources' (MDU) second-quarter earnings lag estimates. MDU Resources revises its earnings per share guidance for 2022 due to inflationary and supply-chain challenges.

MDU Resources (MDU) Lags Q2 Earnings Estimates, Cuts 2022 EPS

News for MDU Resources Group Stock (MDU)