MDU Resources Group

MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment offers natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. The Construction Services segment refers to the inside and outside specialty contracting services. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14, 1924, and is headquartered in Bismarck, ND.

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MDU Resources Group reports record earnings and revenue growth

MDU Resources Group delivered strong financial performance in 2022, driven by record revenues in key segments.
Challenges like supply chain bottlenecks and residential market slowdown are being addressed.
The company is optimistic about growth opportunities and progress on strategic initiatives.
Established revenue guidance for 2023 indicates a positive outlook for MDU Resources Group.

MDU Resources Group posts strong Q1 earnings, approves Knife River spin-off

MDU Resources Group delivered solid Q1 results, showcasing strength in utility and pipeline businesses. Despite challenges in Construction Materials, the company remains optimistic about growth opportunities through the Knife River spin-off and strong backlog in Construction Services Group.

MDU Resources Group posts strong Q2 earnings, eyes growth opportunities

MDU Resources Group delivered strong financial results in Q2 2023, driven by robust performance in utility, pipeline, and construction services businesses.
Despite challenges such as regulatory lag and balancing growth, the company remains optimistic about future opportunities and sustained growth potential.
Increased earnings guidance, strong backlog, and strategic dividend payout ratios reflect management's confidence in the company's financial strength and outlook.
Overall, MDU Resources Group is well-positioned to capitalize on growth opportunities in regulated energy delivery and construction services sectors.

MDU Resources to spin off Construction Services, reports strong Q3

MDU Resources Group reported solid financial performance in Q3 2023, with record earnings in the construction services business.
The planned spin-off of Construction Services business aims to unlock shareholder value and create two independent publicly-traded companies.
Challenges in the utility business and spin-off uncertainties pose operational and communication hurdles, while growth opportunities in diverse projects and regulated energy delivery projects are highlighted.
CEO succession announced alongside the retirement of David Goodin, who expressed optimism about future growth and performance of the company.

MDU Resources reports robust 2023 earnings, eyes growth opportunities

MDU Resources Group delivered strong financial performance in 2023 across its Utility, Pipeline, and Construction Services businesses.
The company's strategic focus on regulated energy delivery and operational excellence has positioned it for continued growth.
While facing challenges such as project delays and weather impacts, MDU Resources remains optimistic about future earnings and expansion opportunities.
Analysts' inquiries reflected interest in regulatory guidance, project timelines, growth prospects, and operational resilience in varying market conditions.

MDU Resources Group posts strong Q1 earnings, eyes growth opportunities

MDU Resources Group's Q1 2024 earnings call reflected a positive outlook with strong financial results and strategic initiatives. The company is poised for growth, leveraging its diversified business segments and upcoming spinoff to enhance overall value.

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MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and others. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment offers natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. The Construction Services segment refers to the inside and outside specialty contracting services. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14,1924, and is headquartered in Bismarck, ND.

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BISMARCK, N.D. , Aug. 17, 2023 /PRNewswire/ -- David L.

MDU Resources President and CEO Goodin to Retire; Kivisto Named Successor

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MDU Resources Group, Inc. (NYSE:MDU ) Q2 2023 Results Conference Call August 3, 2023 2:00 PM ET Company Participants Jason Vollmer - Vice President, Chief Financial Officer and Treasurer Dave Goodin - President and CEO Stephanie Barth - Vice President, Chief Accounting Officer and Controller, MDU Resources Nicole Kivisto - President and CEO, Utility Group Rob Johnson - President, WBI Energy Jeff Thiede - President and CEO, MDU Construction Services Group Conference Call Participants Dariusz Lozny - Bank of America Chris Ellinghaus - Siebert Williams Shank Ryan Levine - Citi Brian Russo - Sidoti Operator Hello, my name is Lynette, and I will be your conference facilitator. At this time, I'd like to welcome everyone to the MDU Resources Group 2023 Second Quarter Conference Call [Operator Instructions].

MDU Resources Group, Inc. (MDU) Q2 2023 Earnings Call Transcript

MDU Resources' (MDU) Q2 earnings and sales jump year over year. The company raises its 2023 guidance on account of new rates and increased contracted volume commitments in its pipelines.

MDU Resources' (MDU) Q2 Earnings and Revenues Increase Y/Y

BISMARCK, N.D. , Aug. 3, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has declared a quarterly dividend on the company's common stock of 12.5 cents per share.

MDU Resources Declares Quarterly Dividend on Common Stock, Establishes Future Dividend Target

BISMARCK, N.D. , Aug. 3, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported second quarter earnings on a generally accepted accounting principles (GAAP) basis of $130.7 million, or 64 cents per share, compared to second quarter 2022 GAAP earnings of $70.7 million, or 35 cents per share.

MDU Resources Reports Higher Second Quarter Earnings, Increases Guidance

MDU Resources, a diversified utility and pipeline company, has a strong track record of growing dividends and is attractively valued. The company's utility and natural gas businesses are expected to benefit from record temperatures across the US, increasing demand for indoor cooling, and the growth of electric vehicles. Despite potential risks such as inflation and higher project costs, MDU remains a solid investment due to its strong balance sheet, healthy 4.1% dividend yield, and a positive outlook.

MDU Resources: A Dividend Aristocrat With Upside Potential

BISMARCK, N.D. , July 13, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its second quarter 2023 earnings conference call at 2 p.m.

MDU Resources to Webcast Second Quarter 2023 Earnings Conference Call

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BISMARCK, N.D. , July 10, 2023 /PRNewswire/ -- Upon completing MDU Resources Group, Inc.'s (NYSE: MDU) previously announced strategic review of its wholly owned construction services business, MDU Construction Services Group Inc., the MDU Resources board of directors has determined that it will pursue a potential tax-advantaged separation of the construction services business from MDU Resources.

MDU Resources to Pursue Tax-Advantaged Separation of Construction Services Business

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MDU Resources (MDU) subsidiary's new power supply project will contribute to the company's regulated energy delivery earnings.

MDU Resources' (MDU) Arm to Supply Power to Applied Digital

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Despite near-term challenges of the Zacks Gas Distribution industry, systematic investment to strengthen infrastructure and efficiently supply natural gas to customers should drive the performance of ATO, MDU, NJR and SR.

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BISMARCK, N.D. , June 6, 2023 /PRNewswire/ -- Montana-Dakota Utilities, a subsidiary of MDU Resources Group, Inc. (NYSE: MDU), received unanimous approval today from the North Dakota Public Service Commission on an electric service agreement (ESA) to provide power for Applied Digital Corporation's data center near Ellendale, North Dakota.

MDU Resources Subsidiary Receives Regulatory Approval to Serve Large Data Center Electric Load

MDU Resources' (MDU) planned spin-off will increase the earning potential of its current power business and raise shareholder value.

MDU Resources Group (MDU) Completes Spin-Off of Knife River

MDU Resources (NYSE: MDU ) stock is on the move Thursday alongside news of its spinoff joining the S&P MidCap 400 . According to MDU Resources, Knife River (NYSE: KNF ) is joining the S&P MidCap 400 when markets open this morning.

Why Is MDU Resources (MDU) Stock Moving Today?

BISMARCK, N.D. , June 1, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that it has successfully completed the spinoff of its construction materials subsidiary, Knife River Corporation.

MDU Resources Completes Spinoff of Knife River

Knife River Corp

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) successfully completes its spinoff from MDU Resources Group, Inc. (NYSE: MDU); to start trading on the NYSE today.

Knife River Corporation Completes Spinoff from MDU Resources

Bank of Hawaii

NEW YORK , May 25, 2023 /PRNewswire/ -- Knife River Corp. (NYSE: KNF) will be added to the S&P MidCap 400 prior to the open of trading on Thursday, June 1 following its spin-off from S&P MidCap 400 constituent MDU Resources Group Inc. (NYSE: MDU). Effective prior to the open of trading on Friday, June 2, S&P MidCap 400 constituent Bank of Hawaii Corp. (NYSE:BOH) will replace HomeStreet Inc. (NASD:HMST) in the S&P SmallCap 600.

Knife River Set to Join S&P MidCap 400; Bank of Hawaii to Join S&P SmallCap 600

BISMARCK, N.D. , May 18, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) has approved the appointment of Paul R.

MDU Resources Names Chief Legal Officer Successor

MDU Resources' (MDU) two-platform business model and strategic investments are likely to have a positive impact on earnings and revenues. The planned spin-off will further strengthen its operations.

MDU Resources (MDU) to Gain From Investments & Spin-Off

BISMARCK, N.D. , May 12, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that, in connection with the previously announced separation of Knife River Corporation from MDU Resources, the Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by Knife River Holding Company, the wholly owned subsidiary of MDU Resources that was formed to be the new parent company for Knife River Corporation post-separation.

MDU Resources Announces Knife River Form 10 Registration Statement Declared Effective

BISMARCK, N.D. , May 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that Rob L.

MDU Resources Names Rob Johnson President of Subsidiary WBI Energy

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