Welcome to our dedicated page for MDU Resources Group news (Ticker: $MDU), a resource for investors and traders seeking the latest updates and insights on MDU Resources Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MDU Resources Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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MDU Resources Group, Inc. (NYSE: MDU) plans to make capital investments totaling $2.8 billion from 2024 through 2028, with a 15% increase in planned spending for regulated energy delivery businesses. The company also intends to pursue a tax-free spinoff of its construction services subsidiary, MDU Construction Services Group, to become a pure-play regulated energy delivery business.
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2.2%
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MDU Resources Group, Inc. (NYSE: MDU) appoints Darrel T. Anderson, former president and CEO of IDACORP and Idaho Power Company, to its board of directors. Anderson's extensive experience in the regulated utility industry will enhance the company's expertise. MDU Resources also announced its intent to spin off its construction services business, MDU Construction Services Group, to focus on becoming a pure-play regulated energy delivery business by late 2024.
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0.05%
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MDU Resources Group, Inc. (NYSE: MDU) Declares Unchanged Quarterly Dividend of 12.5 Cents per Share
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-0.21%
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MDU Resources Group, Inc. reported third quarter earnings of $74.9 million, or 37 cents per share, compared to $147.9 million, or 73 cents per share, in the same period last year. Adjusted income from continuing operations was $58.6 million, or 29 cents per share, compared to $42.3 million, or 21 cents per share, in Q3 2022. The company announced a tax-free spinoff of its construction services subsidiary, MDU Construction Services Group, and intends to become a pure-play energy delivery business. For the nine months ended Sept. 30, 2023, MDU Resources had earnings of $244.0 million, or $1.20 per share, compared to $250.4 million, or $1.23 per share, in the same period last year.
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0.8%
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MDU Resources Group, Inc. announces plan to spin off its wholly owned construction services business, MDU Construction Services Group, Inc., resulting in two independent, publicly traded companies. The spinoff is expected to be completed in late 2024 and will be tax-free for MDU Resources and its shareholders. MDU Construction Services Group achieved record revenues of $2.7 billion and record earnings of $124.8 million in 2022. With a backlog of $1.85 billion, the company is positioned for significant growth.
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WBI Energy's Wahpeton Expansion project approved by the Federal Energy Regulatory Commission
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-0.58%
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MDU Resources Group, Inc. to webcast Q3 2023 earnings conference call on Nov. 2
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-1.9%
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MDU Resources Group to host investor day on Nov. 21, 2023, at NYSE. Updates on operational strategy and financials to be presented. Tax-advantaged separation of construction services business planned.
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2.05%
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MDU Resources Group sets a methane emissions reduction target of 30% by 2035 for its natural gas utility segment. The company's sustainability report also highlights a 40% reduction in greenhouse gas emissions intensity from owned electric generating facilities and top rankings in customer satisfaction.
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0.89%
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David L. Goodin, the president and CEO of MDU Resources Group, Inc., will retire on Jan. 5, 2023, after a 40-year career with the company. Nicole A. Kivisto, the current president and CEO of MDU Resources' electric and natural gas utility companies, will succeed Goodin as president and CEO on Jan. 6. Goodin has been credited with leading MDU Resources through significant strategic initiatives, growing subsidiary companies, and positioning the remaining corporation as a regulated energy delivery business. The board of directors unanimously selected Kivisto due to her strategic vision, shareholder focus, core values, and experience in regulated energy operations.
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-0.24%
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MDU Resources Group, Inc.
NYSE:MDU
MDU Rankings
MDU Stock Data
5.10B
201.31M
0.63%
72.85%
1.36%
Water and Sewer Line and Related Structures Construction
Construction
United States of America
BISMARCK
About MDU
a strong infrastructure is the heart of our economy. it is the oil, natural gas and electricity that power business, industry and our daily lives. it is the pipes and wires that connect our homes, factories, offices and stores to bring them to life. it is the transportation network of roads, highways and airports that keeps our economy moving. infrastructure is our business. mdu resources group provides value-added natural resource products and related services that are essential to energy and transportation infrastructure. our company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of montana and north dakota. we realized early the value of delivering a variety of services, and grew our company by developing a core line of businesses. today, we are a multibillion-dollar corporation with operations and customers across the country. mdu resources is the largest publicly traded company headquartered in the four-state region of nor