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, 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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