MDU Resources Group Inc

MDU

Equity

ISIN null / Valor 958891

New York Stock Exchange, Inc (2025-11-21)

USD 20.50+0.10%

MDU Resources Group Inc
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About company

MDU Resources Group Inc is a diversified energy and construction materials company providing essential products and services through its regulated energy delivery and construction materials and services businesses.

Summarized from source with an LLMView SourceSector: Finance

Electric Utility Growth

The electric utility business earned $24.3 million, marking a 16.3% increase compared to the third quarter of 2023. This growth was driven by rate relief and higher volumes from favorable weather conditions. Additionally, the combined electric and natural gas earnings rose by $3.6 million year-over-year.

Record Pipeline Earnings

The pipeline segment achieved a record third quarter earnings of $15.1 million, up 27.0% from the same quarter last year. Increased transportation and storage revenues, along with higher service rates effective since August 2023, contributed to this significant growth.

Construction Services Expansion

Construction services earnings reached $41.8 million, a 16.1% increase from the third quarter of 2023. Revenue also grew to $761.0 million, driven by higher joint venture activity and increased overall demand.

Increased Earnings Guidance

MDU Resources elevated its earnings guidance for regulated energy delivery to a range of $180 million to $185 million for 2024, up from the previous range of $170 million to $180 million. This adjustment reflects ongoing momentum and strategic investments within the regulated energy sector.

Summarized from source with an LLMView Source

Key figures

6.33%1Y

29.0%3Y

59.8%5Y

Performance

25.1%1Y

62.3%3Y

50.7%5Y

Volatility