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MDU Resources Group Inc (MDU)

MDU on New York Consolidated

26.66USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

MDU Resources Q1 EPS $0.18 from continuing operations
Wednesday, 3 May 2017 05:09pm EDT 

May 3 (Reuters) - MDU Resources Group Inc ::MDU Resources reports stronger first quarter earnings from continuing operations.Sees FY 2017 earnings per share $1.10 to $1.25.Q1 earnings per share $0.18 from continuing operations.Q1 earnings per share $0.19 including items.Q1 earnings per share view $0.17 -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.MDU Resources Group Inc says electric and natural gas utility reported earnings of $42.2 million for Q1 2017, up 16 percent compared to $36.3 million in 2016.MDU Resources Group Inc says Q1 2017 earnings at pipeline and midstream business were $3.9 million, compared to earnings of $5.3 million in 2016.Construction materials backlog at end of Q1 was $725 million, compared to Q1 2016's backlog of $831 million.MDU Resources Group Inc says reaffirmed its 2017 earnings per share guidance in range of $1.10 to $1.25.Qtrly operating revenues $937.9 million versus $860.2 million.Q1 revenue view $921.4 million -- Thomson Reuters I/B/E/S.Construction services business' project backlog remains steady at $529 million at end of Q1 2017, versus $530 million in 2016.  Full Article

MDU Resources reports Q4 EPS $0.33 from cont ops
Wednesday, 1 Feb 2017 05:00pm EST 

MDU Resources Group Inc - : MDU Resources reports 2016 earnings, initiates guidance for 2017 . Sees fy 2017 earnings per share $1.10 to $1.25 . Q4 earnings per share $0.33 from continuing operations . Q4 earnings per share view $0.28 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $1.39 -- Thomson Reuters I/B/E/S . Construction materials had record year-end backlog of $538 million, which is 10 percent higher than previous record year-end backlog . Mdu Resources Group Inc - "We are optimistic about what we anticipate will be positive impacts from potential tax reform" . Qtrly operating revenues $1,016.1 million versus $1,016.8 million ."Optimistic" about positive impacts from potential incremental infrastructure spending proposed by country's new administration.  Full Article

Montana-Dakota Utilities signs agreement to purchase power from wind farm expansion
Tuesday, 3 Jan 2017 08:35am EST 

Mdu Resources Group Inc : Montana-Dakota Utilities Co signs agreement to purchase power from wind farm expansion . Agreement also includes an option for Montana-Dakota to buy project at close of construction. . Expansion includes 13 to 16 turbines, depending on turbine size selected, and will be constructed by ACE . MDU Resources Group - expansion of thunder spirit wind will boost combined production at wind farm to approximately 150 megawatts of renewable energy . MDU Resources Group -signed a 25-year agreement with a subsidiary of Allete Clean Energy to purchase power from a wind farm expansion .MDU Resources Group - if Montana-Dakota buys project, capital will be incremental to capital expenditure forecast of $1.24 billion for 2017 through 2021.  Full Article

MDU Resources says unit received an imminent danger order on Nov 29
Tuesday, 13 Dec 2016 01:25pm EST 

Mdu Resources Group Inc : On November 29, 2016, unit received an imminent danger order issued by mine safety and health administration . Imminent danger order was issued at state option pit in Hubbard county, Minnesota Source (http://bit.ly/2hBzka1) Further company coverage: [MDU.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

MDU Resources subsidiary signs sale agreement for its share of N.D. Natural gas processing plant
Monday, 21 Nov 2016 04:15pm EST 

MDU Resources Group Inc - : MDU Resources subsidiary signs sale agreement for its share of N.D. Natural gas processing plant . Entered into purchase, sale agreement to sell 50 pct non-operating ownership interest in Pronghorn natural gas processing plant . Company's share of sale price would be approximately $100 million .Agreement includes associated assets include 137 miles of natural gas-gathering pipeline, 143 miles of oil-gathering pipeline.  Full Article

MDU Resources Q2 earnings from continuing operations of $0.24/shr
Tuesday, 2 Aug 2016 05:30pm EDT 

Mdu Resources Group Inc : MDU Resources Group Inc - Qtrly earnings from continuing operations $0.24 per common share . MDU Resources Group Inc - Q2 earnings from continuing operations of $46.1 million, or 24 cents per common share . MDU Resources Group Inc - Including discontinued operations, exploration and production businesses, reported loss of $109.3 million, or 56 cents per share for Q2 . MDU Resources Group Inc - Qtrly operating revenues $ 1,043.9 million versus $ 938.0 million . Q2 earnings per share view $0.21, revenue view $1.07 billion -- Thomson Reuters I/B/E/S . MDU Resources Group Inc - Including discontinued operations, company expects 2016 earnings of 15 cents to 30 cents per share . MDU Resources Group Inc - Says projected earnings included in 2016 guidance for pipeline and midstream are $17 million to $23 million . MDU Resources Group Inc - Construction services backlog up 18 percent to $508 million at quarter end .FY2016 earnings per share view $1.13 -- Thomson Reuters I/B/E/S.  Full Article

MDU expects after-tax impairment charge from discontinued operations $150-$160 mln
Tuesday, 28 Jun 2016 09:43am EDT 

Mdu Resources Group Inc : Anticipates after-tax impairment charge from discontinued operations in range of $150 million-$160 million, to be recorded in Q2 Source: (http://1.usa.gov/28ZIkxC ) Further company coverage: [MDU.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

MDU Resources Group Inc increases dividend
Thursday, 12 Nov 2015 11:48am EST 

MDU Resources Group Inc:Says increased the company's quarterly common stock dividend to 18.75 cents per share.Payable Jan. 1, 2016 to stockholders of record date on Dec. 10.  Full Article

MDU Resources Group Inc declares quarterly dividends on common and preferred stock
Thursday, 13 Aug 2015 12:30pm EDT 

MDU Resources Group Inc:Declares quarterly dividends on the company`s common and preferred stock.Dividend for common stock is 18.25 cents per share, unchanged from the previous quarter. Dividends for preferred stock are.$1.12-1/2 per share on 4.50 percent Series Preferred.$1.17-1/2 per share on 4.70 percent Series Preferred.$1.27-1/2 per share on 5.10 percent Series Preferred.Dividends are payable Oct. 1, of record Sept. 10.  Full Article

MDU Resources Group Inc lowers FY 2015 EPS outlook
Monday, 3 Aug 2015 05:46pm EDT 

MDU Resources Group Inc:Lowers FY 2015 guidance for adjusted earnings to a range of $0.85 to $1.00 per share, down from $1.05 to $1.20 per share.FY 2014 EPS of $1.04 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-MDU Resources Q1 EPS $0.18 from continuing operations

* MDU Resources reports stronger first quarter earnings from continuing operations