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MDU Resources Group, Inc. reports developments for a regulated energy delivery business built around electric utility service, natural gas distribution and pipeline operations. Its utility operations provide electric and gas service across parts of the Pacific Northwest, Midwest, Rocky Mountain and northern Great Plains, while its pipeline business operates a natural gas transportation and storage network.
Recurring news includes quarterly earnings, weather effects on utility demand, capital-investment plans, common-stock dividend actions and updates from the pipeline segment. Company releases also address financing capacity and project planning tied to energy delivery infrastructure.
MDU Resources Group (NYSE: MDU) reported Q3 earnings of $147.9 million (73 cents/share), surpassing last year's $139.3 million (68 cents/share). Adjusted earnings were $152.0 million (75 cents/share), with a year-to-date GAAP earnings total of $250.4 million ($1.23/share). The construction materials business saw record revenue growth of 17%, while the construction services segment rose by 43%. The company plans to spin off its subsidiary Knife River, aiming to boost shareholder value. MDU expects adjusted EPS for 2022 between $1.75 and $1.90.
MDU Resources Group, Inc. (NYSE: MDU) has announced the schedule for its third quarter 2022 earnings conference call, set for 2 p.m. EDT on Nov. 3. The company will release its earnings results before the U.S. markets open that day. Interested parties can access the webcast through the Investor Relations section of their website, and a replay will be available post-call.
MDU Resources is a member of the S&P MidCap 400 and provides essential products and services in energy delivery and construction materials.
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MDU Resources Group, Inc. (NYSE: MDU) announced that its board of directors declared a quarterly dividend of 21.75 cents per share, consistent with the previous quarter. The dividend will be payable on October 1, 2022, to stockholders of record by September 8, 2022.
As part of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats, MDU Resources continues its commitment to delivering essential services in energy and construction sectors.
MDU Resources Group reported Q2 2022 earnings of $70.7 million (35 cents/share), down from $100.2 million (50 cents/share) in Q2 2021. For the first half of 2022, earnings were $102.4 million (50 cents/share), down from $152.3 million (76 cents/share) in 2021. Despite record revenues in construction, ongoing inflation and supply chain issues impacted earnings. MDU expects full-year earnings per share of $1.75 to $1.90. A proposed spin-off of Knife River Corporation aims to create two independently traded firms.
MDU Resources Group has announced a plan to separate its construction materials business, Knife River Corporation, expected to complete in 2023. This tax-free spinoff aims to enhance shareholder value by creating two independent, focused companies. Knife River will operate as a vertically integrated construction materials provider, while MDU Resources will focus on regulated utilities and infrastructure services. The separation is anticipated to optimize capital allocation strategies and facilitate individualized growth opportunities for both companies.
MDU Resources Group, Inc. (NYSE: MDU) will hold a webcast for its second quarter 2022 earnings conference call on August 4, 2022, at 2 p.m. EDT. The company will release its earnings results prior to U.S. market opening on the same day. Investors can access the webcast via the company’s website under the 'Investor Relations' section. Audio replays will be available until August 18, 2022. MDU Resources is a component of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices.
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MDU Resources Group declared a quarterly dividend of 21.75 cents per share, consistent with the previous quarter. This dividend is payable on July 1 to shareholders of record as of June 9.
Being part of the S&P High-Yield Dividend Aristocrats indices highlights the company's commitment to delivering shareholder value. MDU Resources is recognized for its essential services in energy delivery and construction materials.
MDU Resources Group reported Q1 earnings of $31.7 million, or 16 cents per share, down from $52.1 million or 26 cents per share in Q1 2021. Despite inflationary pressures, record revenues in construction and a robust backlog of $1.67 billion were highlighted. The regulated energy segment saw a slight earnings increase, while pipeline earnings fell to $7.3 million due to higher costs. The construction materials business experienced a seasonal loss of $40 million, yet revenue was up to $310 million. EPS guidance for 2022 remains steady at $2.00 to $2.15.