Mdu Resources - MDU STOCK NEWS

MDU Resources Group (NYSE: MDU) has announced it will host its first quarter 2025 earnings conference call on May 8 at 2 p.m. ET. The company will disclose its Q1 results prior to U.S. market opening on the same day.

Investors and interested parties can access the webcast through the company's website at www.mdu.com under the 'Investors' section by selecting 'Events & Presentations' and clicking on 'Q1 2025 Earnings Conference Call.' A replay of the webcast will be made available at the same location after the event concludes.

Knife River (NYSE: KNF), a vertically integrated construction materials and contracting services company with a focus on aggregates, has scheduled its first quarter 2025 earnings conference call for May 6, 2025, at 11 a.m. EDT. The company will release its Q1 2025 financial results before the NYSE market opens on the same day.

The earnings call will be accessible via a live webcast on the company's investor relations website, with presentation slides available. Participants can join through domestic (1-800-549-8228) or international (1-289-819-1520) phone lines using conference ID 83668. An on-demand replay will be available after the call.

Knife River (NYSE: KNF) has completed its acquisition of Strata for $454 million, representing approximately 9x Strata's projected 2025 EBITDA. The acquisition strengthens Knife River's Central Region operations and includes significant assets:

• Extensive aggregate reserves with 3 million tons sold in 2024
• Transportation fleet including 7 locomotives and 400+ railcars
• 28 ready-mix plants with ~120 trucks
• 3 asphalt plants for public works
• Contracting services division for asphalt paving and concrete construction

The deal brings aboard 900+ seasonal team members, including Strata President Paddy Murphy, who will lead Knife River's North Dakota operations. The acquisition was financed through cash and a $500 million Term Loan B. Knife River expects the acquisition to be accretive to Adjusted EBITDA margin within the first year and will update its 2025 financial guidance in Q1 earnings.

MDU Resources Group (NYSE: MDU) has announced that its subsidiary, Montana-Dakota Utilities Co., will acquire a 49% ownership stake in the Badger Wind Farm, representing 122.5 MW of the project's total 250 MW generation capacity. The investment, valued at $294 million, is subject to regulatory approval from the North Dakota Public Service Commission.

The company previously secured a Power Purchase Agreement for 150 MW, which will be reduced to 27.5 MW upon closing of this ownership purchase. This strategic investment aligns with MDU's 2024 Integrated Resource Plan and was selected as the least-cost option for customers. The acquisition will significantly alter MDU's generation mix, increasing renewables from 29% to 39%, while reducing coal from 31% to 26% and gas from 40% to 35%.

MDU Resources Group (NYSE: MDU) has appointed Darrel T. Anderson as its new vice chair of the board of directors, effective immediately. Anderson, who has been an independent director since 2023 and chairs the Board's Compensation and Human Capital Committee, brings over 28 years of experience in the regulated utility industry.

Anderson previously served as president and CEO of IDACORP and Idaho Power Company, and currently serves as chairman of the board of Gemstone Holdings. The appointment is part of a planned succession process, emphasizing the company's commitment to board succession planning and governance best practices.

MDU Resources, a member of the S&P SmallCap 600 index, provides regulated electric and natural gas distribution services across eight states, serving more than 1.2 million customers. Founded in 1924, the company is celebrating its 100th anniversary and operates throughout the Pacific Northwest and Midwest.

MDU Resources Group (NYSE: MDU) has declared a quarterly dividend of 13.0 cents per share on its common stock, maintaining the same rate as the previous quarter. The dividend will be paid on April 1, 2025, to stockholders of record as of March 13, 2025.

MDU Resources, a member of the S&P SmallCap 600 index, is celebrating its 100th anniversary since its founding in 1924 as a small electric utility. The company provides essential services through regulated electric and natural gas distribution and pipeline segments, serving over 1.2 million customers across eight states in the Pacific Northwest and Midwest regions.

Knife River (NYSE: KNF) reported record financial results for Q4 and full-year 2024. The company achieved full-year revenue of $2.89 billion (up 2%), net income of $201.7 million (up 10%), and adjusted EBITDA of $463 million (up 7%).

Q4 2024 highlights include revenue of $657.2 million (up 2%), net income of $23.3 million (up 12%), and adjusted EBITDA of $81.2 million (up 12%). The company's backlog stands at $746 million, 13% higher than last year.

The company announced its pending acquisition of Strata for $454 million, expected to close in H1 2025. For 2025, Knife River provided guidance of $3.0-3.2 billion in revenue and $485-535 million in adjusted EBITDA, excluding the Strata acquisition impact.

MDU Resources Group reported strong financial performance for 2024, with net income of $281.1 million. The company's regulated energy delivery earnings increased 13.6% year-over-year to $189.7 million. Notable achievements include record annual pipeline transportation volumes (up 8.1%) and utility rate base growth of 6.8%.

Key segment performance includes: Electric utility earnings up 4.5% to $74.8 million, Pipeline segment earnings up 45% to $68.0 million, and Natural Gas Distribution earnings at $46.9 million. The company successfully completed the spinoff of Everus Construction Group on October 31, 2024.

Looking ahead, MDU Resources provided 2025 guidance with expected earnings per share of $0.88 to $0.98, planning $533 million in capital investment. The company's long-term strategy targets 7-8% compound annual growth in utility rate base and 6-8% in earnings per share.

Knife River (NYSE: KNF), a construction materials and contracting services company, has scheduled its fourth quarter and full-year 2024 earnings conference call for February 13, 2025, at 11 a.m. EST. The company will release its financial results before the NYSE market opens on the same day.

The earnings call will be accessible through a live webcast on the company's investor relations website, with presentation slides available. Participants can join via phone using the following details: Domestic: 1-800-549-8228, International: 1-289-819-1520, Conference ID: 23801. An on-demand replay will be available after the call.