Mdu Resources Stock Price, News & Analysis

MDU Resources Group, Inc. (NYSE: MDU) announced a capital investment plan exceeding $3.0 billion for 2021-2025. The investment reflects the company's commitment to organic growth across its diverse business segments, including regulated energy delivery and construction materials. MDU expects annual growth in its utility operations and plans to develop several projects, including a natural gas-fired plant and pipeline expansions. The company will continuously review and may adjust its capital expenditure forecasts based on regulatory decisions and market conditions.

MDU Resources Group has promoted Dustin J. Senger to treasurer, effective Nov. 23. Previously the assistant treasurer, Senger succeeded Jason L. Vollmer, who continues as vice president and chief financial officer. Senger has been with MDU since 2006 and holds degrees in accounting and business administration from the University of North Dakota. His tenure includes 14 years in the Treasury team, demonstrating leadership and building relationships with stakeholders.

MDU Resources Group has announced the appointment of Karl A. Liepitz as vice president, general counsel, and secretary, effective February 6, 2021. He succeeds Daniel S. Kuntz, who will retire on February 5 after 17 years of service. Liepitz, who joined MDU Resources in 2003, has held various positions, including assistant general counsel since 2016. The transition highlights MDU's commitment to integrity and leadership in its legal team. Kuntz's tenure saw significant corporate governance achievements and strategic acquisitions.

MDU Resources Group, Inc. (NYSE: MDU) has raised its quarterly common stock dividend to 21.25 cents per share, marking the 30th consecutive year of dividend increases. The annualized dividend now stands at 85 cents per share, up from 20.75 cents previously. MDU has maintained uninterrupted dividends for 83 years, positioning it among fewer than 85 U.S. companies with a similar track record. The next dividend is payable on Jan. 1, 2021 to shareholders on record as of Dec. 10, 2020.

MDU Resources Group reported record third quarter earnings of $153.1 million or 76 cents per share, marking an 11% increase from last year. Year-to-date earnings reached $277.9 million or $1.39 per share, up from $240.4 million or $1.21. The company has raised its 2020 earnings guidance to $1.80 to $1.90 per share, reflecting strong performance across its construction and regulated energy sectors. Construction materials saw record earnings of $107.3 million, while services revenue increased 15% to $551 million.

MDU Resources Group, Inc. (NYSE: MDU) announced it will webcast its third quarter 2020 earnings conference call on Nov. 5, following the release of its financial results. The call will commence at 2 p.m. EDT and be accessible via www.mdu.com. Audio replays will be available until Nov. 19 for callers, using conference ID 1654638. MDU Resources is a member of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats index, focused on providing essential energy and construction services.

On August 13, 2020, MDU Resources Group declared a quarterly dividend of 20.75 cents per share, consistent with the previous quarter. This dividend will be payable on October 1, 2020 to stockholders on record as of September 10, 2020. MDU is a member of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats indexes, focusing on regulated energy delivery and construction materials services. The company continues to demonstrate its commitment to providing returns to shareholders while maintaining its business operations.

MDU Resources Group, Inc. reported a strong second quarter 2020, earning $99.7 million, or 50 cents per share, a 61% increase from $61.8 million last year. Year-to-date earnings reached $124.8 million. The construction materials segment achieved record revenues of $621.1 million, up from $596.0 million, while the construction services segment also saw significant gains. MDU is restoring its 2020 earnings guidance to $1.65 to $1.85 per share, driven by strong performance and backlog levels. Overall, MDU anticipates continued growth in its regulated energy delivery and construction sectors.

MDU Resources Group will host a webcast for its second quarter 2020 earnings conference call on August 5, 2020, at 2 p.m. EDT. This follows the release of its financial results and will be accessible via www.mdu.com. Audio replays will be available until August 19. MDU is a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, providing essential products and services in energy delivery and construction materials.