Welcome to our dedicated page for Mdu Resources news (Ticker: MDU), a resource for investors and traders seeking the latest updates and insights on Mdu Resources stock.
MDU Resources Group, Inc. (MDU) provides essential regulated energy services across electric, natural gas, and pipeline infrastructure sectors. This dedicated news hub offers investors and stakeholders centralized access to official company announcements and market-moving developments.
Track earnings reports, regulatory filings, and strategic initiatives through verified press releases. Our curated news collection simplifies monitoring of infrastructure investments, rate case updates, and operational milestones impacting this energy services provider.
Key updates include coverage of MDU's electric utility operations across eight states, natural gas distribution network expansions, and pipeline transportation developments. Stay informed about capital investment programs and regulatory compliance updates that shape the company's performance.
Bookmark this page for streamlined access to MDU's latest verified news. Check regularly for updates on infrastructure projects, dividend declarations, and operational disclosures critical for energy sector analysis.
MDU Resources Group, Inc. (NYSE: MDU) has announced the leadership team for Everus Construction Group, its construction services subsidiary, ahead of its anticipated spinoff in late 2024. Jeffrey S. Thiede will remain as president and CEO, while new appointments include Thomas D. Nosbusch as COO, Maximillian J. Marcy as CFO, and Paul R. Sanderson as chief legal officer. The spinoff is expected to be a tax-free transaction for MDU Resources shareholders.
This strategic move will transform MDU Resources into a pure-play regulated energy delivery business, while Everus will become an independent, publicly traded company. The decision is aimed at optimizing shareholder value, capitalizing on Everus' strong performance and favorable industry conditions.
MDU Resources Group, Inc. (NYSE: MDU) has announced plans to webcast its second quarter 2024 earnings conference call on August 8, 2024, at 2 p.m. EDT. The company will release its Q2 results before U.S. financial markets open on the same day. Investors can access the webcast through the company's website at www.mdu.com under the 'Investors' section. After navigating to 'Events & Presentations,' users can click on 'Q2 2024 Earnings Conference Call' to join. A replay of the webcast will be available at the same location after the call concludes.
MDU Resources Group, listed on the NYSE as MDU, has published its 2023 Sustainability Report, marking its 100th year in business as of March 14, 2024. The report highlights significant achievements, including an 11% reduction in methane emissions from its natural gas utility segment compared to 2022 and a 38% reduction in electric generation greenhouse gas emissions intensity since 2005. The company is on track to spin off its construction services business, Everus Construction Group, by late 2024. Nicole A. Kivisto, president and CEO, emphasized MDU Resources' commitment to balancing economic, environmental, and social considerations to ensure reliable and cost-effective services for customers.
MDU Resources announced a quarterly dividend of 12.5 cents per share, consistent with the previous quarter's dividend. The payout will occur on July 1, 2024, for shareholders on record as of June 13, 2024. This decision reflects the company's ongoing commitment to returning value to its shareholders.
On May 14, 2024, MDU Resources Group shareholders elected Douglas W. Jaeger as a new independent director to the company's board. With over 27 years of industry experience, Jaeger is currently the president and CEO of Ulteig and has held senior leadership roles at Adolfson & Peterson, Xcel Energy, and Exelon Corp. His expertise aligns with MDU's energy delivery and construction services businesses. Jaeger also serves on the boards of Ulteig, Amsoil, and Computype, along with the non-profit Great Plains Institute. He holds an MBA from the University of St. Thomas and a bachelor's degree from St. John's University.
MDU Resources Group, Inc. reported strong first-quarter results with record earnings across its utility, pipeline, and construction services businesses. Notably, the regulated pipeline business saw an 82% earnings increase, while the utility earnings were up by 4%. Everus reported an 8% increase in earnings with record EBITDA and backlog. The company affirmed its 2024 guidance, including regulated energy delivery earnings of $170-180 million and Everus revenues of $2.9-3.1 billion.
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