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

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Earnings data Q1 2024

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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.

BISMARCK, N.D., July 19, 2021 /PRNewswire/ -- WBI Energy, Inc., a subsidiary of MDU Resources Group, Inc. (NYSE: MDU), began construction this week on the North Bakken Expansion project in northwestern North Dakota.

MDU Resources Subsidiary Begins Construction on ND Natural Gas Pipeline Project

MDU Resources has endured multiple economic cycles, and the latest one was no different. It's set to benefit from robust construction spend in the hi-tech sector, and from the potential passage of a federal infrastructure bill.

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MDU Resources' (MDU) two-platform business set-up, favorable liquidity position and systematic capital investments are acting as key tailwinds.

MDU Resources' (MDU) Investments & Liquidity Status Look Good

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MDU Resources (MDU) Gains From Investments & Liquidity Status

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Why Is MDU Resources (MDU) Down 0.1% Since Last Earnings Report?

BISMARCK, N.D., June 3, 2021 /PRNewswire/ -- WBI Energy, Inc., the pipeline subsidiary of MDU Resources Group, Inc. (NYSE: MDU), on Tuesday received an order from the Federal Energy Regulatory Commission issuing a certificate of public convenience and necessity on the North Bakken Expansion project, a natural gas pipeline expansion with capacity to transport 250 million cubic feet of natural gas per day from the Bakken in North Dakota.

MDU Resources Subsidiary Receives FERC Certificate on ND Natural Gas Pipeline Project

BISMARCK, N.D., June 2, 2021 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU), with headquarters in Bismarck, has been listed on the prestigious 2021 Fortune 500.

MDU Resources Listed on Fortune 500

BISMARCK, N.D., May 25, 2021 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) recently was recognized by 50/50 Women on Boards™ as a "3+" company for having three or more women on its board of directors.

MDU Resources Recognized for Gender Diversity on Board of Directors

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BISMARCK, N.D., May 11, 2021 /PRNewswire/ -- Shareholders of MDU Resources Group, Inc. (NYSE: MDU) today at the company's annual meeting of stockholders elected Dale S.

New Director Elected to MDU Resources Board

MDU Resources' (MDU) Q1 earnings benefit from a sturdy contribution from its construction services and pipeline businesses. The utility tightens 2021 earnings per share guidance.

MDU Resources (MDU) Beats on Q1 Earnings, Tapers 2021 EPS View

MDU Resources Group, Inc. (MDU) CEO Dave Goodin on Q1 2021 Results - Earnings Call Transcript

BISMARCK, N.D., May 5, 2021 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported first quarter earnings of $52.1 million, or 26 cents per share, compared to first quarter 2020 earnings of $25.1 million, or 13 cents per share.

MDU Resources Doubles First Quarter Earnings, Narrows EPS Guidance

BISMARCK, N.D., April 20, 2021 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its annual shareholder meeting, which will be held at 11 a.m.

MDU Resources to Webcast Annual Shareholder Meeting

From a regulatory vantage point, 81% of MDU Resources' regulated utility business is overseen by state agencies rated by RRA as Average-Mid Range or worse.

MDU Resources: Change Of Heart For A 'Looking Glass' Investment

MDU Resources' (MDU) unit Knife River closes the acquisition of Mt. Hood Rock, thereby expanding its presence in Portland.

MDU Resources (MDU) Arm Buys Mt. Hood Rock, Expands in Portland

BISMARCK, N.D., April 1, 2021 /PRNewswire/ -- Knife River Corporation announced today it has acquired Mt.

Knife River Acquires Oregon Aggregates Business

BISMARCK, N.D., March 30, 2021 /PRNewswire/ -- Knife River Corporation, the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU), announced today it has received permitting to expand operational capabilities at its Honey Creek quarry northwest of Austin, Texas.

Knife River Receives Permit for Texas Quarry Operations

MDU Resources has continued to execute well amidst a challenging economic backdrop.

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Why Is MDU Resources (MDU) Up 9.7% Since Last Earnings Report?

MDU Resources (MDU) makes a strong case for investment, courtesy of the ongoing investments, customer additions and two-platform business model.

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

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