BISMARCK, N.D., April 17, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its first quarter 2025 earnings conference call at 2 p.m. ET May 8. The company will release its first quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q1 2025 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU R ...

Group 1 - The core focus of the investment group "Energy Profits in Dividends" is to generate a 7%+ income yield by investing in energy stocks while minimizing principal loss risk [1] - The leader of the group emphasizes income generation through energy stocks and closed-end funds (CEFs), while also managing risk through options [1] - The group has been covering both traditional and renewable energy sectors since 2010, targeting international companies that have a competitive advantage and offer strong dividend yields [1]

Company Structure and Segments - The Company executed the separation of Knife River, its construction materials and contracting business, on May 31, 2023, resulting in Knife River becoming an independent, publicly-traded company[19]. - The Company completed the separation of Everus, its construction services business, on October 31, 2024, resulting in Everus becoming an independent, publicly-traded company[19]. - As of December 31, 2024, the Company was organized into three reportable business segments: electric, natural gas distribution, and pipeline[20]. - The Company operates through three reportable business segments: electric, natural gas distribution, and pipeline, with Montana-Dakota being a key subsidiary in these segments[20][22]. Workforce and Culture - The Company had 2,052 employees as of December 31, 2024, focusing on building a strong workforce with an emphasis on safety and integrity[24]. - As of December 31, 2024, the Company had 2,052 employees, with 702 employees represented by collective-bargaining agreements[24][27]. - The Company emphasizes a "CORE" strategy prioritizing customers, operational excellence, and employee-driven culture to achieve industry-leading performance[18]. - The Company is committed to safety and health in the workplace, with established policies and training to support a strong safety culture[32]. Financial Performance - In 2024, Montana-Dakota served 145,686 customers, generating total revenues of $355.7 million, an increase from $347.6 million in 2023[45]. - The natural gas distribution operations served 1,065,593 customers across eight states, with total revenues of $1,095.3 million in 2024, a decrease from $1,212.3 million in 2023[74]. - Residential customer revenues decreased from $726.1 million in 2023 to $651.8 million in 2024, while commercial revenues also saw a decline from $441.2 million to $400.8 million[74]. - Transportation and other revenues for natural gas distribution operations increased to $105.8 million in 2024 from $75.3 million in 2023[74]. - The total retail electric revenues for 2024 were $355.7 million, an increase from $347.6 million in 2023, with residential customers generating $139.9 million in revenues[45]. Environmental Initiatives - Approximately 38% of the electricity delivered to customers from Montana-Dakota's owned generation in 2024 was from renewable resources[49]. - The carbon dioxide emission intensity of Montana-Dakota's electric generation resource fleet has been reduced by approximately 38% since 2005[49]. - The Company has developed renewable generation with lower or no GHG emissions as part of its environmental responsibility initiatives[34]. - The company expects to incur environmental-related capital expenditures of $13.1 million, $21.6 million, and $15.9 million in 2025, 2026, and 2027, respectively[88]. - In 2024, the EPA published final rules related to GHG emissions, which may impact the company's business processes and future projects[105]. Capital Investments and Expenditures - Montana-Dakota's net electric plant investment was $1.8 billion and its rate base was $1.5 billion as of December 31, 2024[42]. - The natural gas distribution operations' net plant investment was $2.6 billion, with a rate base of $2.0 billion as of December 31, 2024[73]. - WBI Energy Transmission's net plant investment was $984.2 million as of December 31, 2024[93]. - Montana-Dakota incurred approximately $2.6 million in capital expenditures in 2024 for environmental compliance and coal ash management[71]. - The natural gas distribution operations incurred $13.2 million in capital expenditures in 2024 for infrastructure supporting multiple RNG facilities[88]. Regulatory and Compliance - Montana-Dakota's electric operations are subject to various regulatory mechanisms that can impact its results, including monthly fuel and purchased power tracking adjustments[61]. - The pipeline operations did not incur any material capital expenditures related to compliance with environmental laws in 2024 and have no planned expenditures for 2025[106]. - The company expects to recover operational and capital expenditures for GHG regulatory compliance in rates consistent with other reasonable costs[87]. - Montana-Dakota is investigating potential soil and groundwater impacts from historic manufactured gas plants, which may lead to recovery costs through natural gas rates[89]. Customer and Market Insights - The percentage of electric retail revenues by jurisdiction for 2024 was 65% from North Dakota, 21% from Montana, 9% from Wyoming, and 5% from South Dakota[46]. - The percentage of retail sales revenues by jurisdiction in 2024 showed Washington at 34%, Idaho at 29%, and North Dakota at 12%[76]. - Montana-Dakota's firm transportation agreements with WBI Energy Transmission represented 19% of the subscribed firm transportation contract demand in 2024[99].

BISMARCK, N.D., Feb. 14, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co. (MDU), has signed a purchase agreement to acquire a 49% ownership interest in the Badger Wind Farm. This acquisition represents 122.5 MW of the project's total 250 MW generation capacity. The purchase agreement is contingent on regulatory approval from the North Dakota Public Service Commission (NDPSC). MDU's 2024 Integrated Resource Plan (IRP) identifi ...

BISMARCK, N.D., Feb. 13, 2025  /PRNewswire/ -- MDU Resources Group Inc. (NYSE: MDU) announced today that its board of directors has elected Darrel T. Anderson to serve as its vice chair, effective immediately. Anderson has been an independent director of MDU Resources since 2023, and chairs the Board's Compensation and Human Capital Committee."Darrel's election as vice chair is the culmination of a planned succession process, continuing our track record of active planning for board succession and adherence ...

MDU Resources Group, Inc. (NYSE:MDU) Q4 2024 Earnings Conference Call February 6, 2025 2:00 PM ET Company Participants Jason Vollmer - Chief Financial Officer Nicole Kivisto - President & Chief Executive Officer Rob Johnson - President, WBI Energy Conference Call Participants Ryan Levine - Citi Operator Hello. My name is Constantine, and I will be your conference facilitator. At this time, I would like to welcome everyone to the MDU Resources Group Year-End 2024 Earnings Conference Call. All lines have been ...

Year-End Earnings Call February 6, 2025 1 Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events or developments that the company anticipates will or may occur in the future, including, but not limited to, such things as estimates for growth, stockholder value creation, our CORE strategy, capital expenditures, financial guida ...

MDU Resources Group Inc. (MDU) reported fourth-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 38 cents by 10.5%. However, the bottom line improved 9.7% year over year.Adjusted earnings in 2024 were 90 cents per share, up 21.6% from 74 cents registered in 2023.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.Total Revenues of MDU Fourth-quarter total operating revenues improved 7.1% to $535.5 million from $499.9 million in ...

MDU Resources Reports Strong Performance; Initiates Guidance for 2025 BISMARCK, N.D. – February 6, 2025 – MDU Resources Group Inc. (NYSE: MDU) today announced its financial results for 2024, showcasing strong year-over-year regulated growth. Key infrastructure projects and regulatory rate relief drove robust performance, positioning the company for continued success as a premier regulated energy delivery business following the successful spinoff of Everus Construction Group on Oct. 31, 2024. "MDU Resources ...

Core Insights - MDU Resources Group Inc. reported strong financial results for 2024, driven by regulated growth and key infrastructure projects following the spinoff of Everus Construction Group [1][2][7] Financial Performance - Net income for 2024 was $281.1 million, a decrease from $414.7 million in 2023 [2][7] - Earnings per share (diluted) dropped to $1.37 from $2.03 year-over-year [2][7] - Income from continuing operations was $181.1 million, down from $330.1 million in 2023 [2][7] - Adjusted income from continuing operations increased to $184.4 million from $150.8 million [2][7] Segment Performance Electric Utility Segment - Electric utility earnings rose by 4.5% year-over-year to $74.8 million [8][27] - Rate relief contributed an additional $7.1 million in revenue [8] - The segment faced challenges from lower volumes due to cooler weather and higher operational expenses [4][27] Natural Gas Distribution Segment - The natural gas distribution segment reported stable performance with net income of $29.4 million in Q4 2024, down from $30.5 million in Q4 2023 [30][31] - Higher retail sales volumes increased by 4.0%, primarily in residential and commercial sectors [30] - Rate relief in North Dakota and South Dakota supported revenue growth despite higher operational costs [30][31] Pipeline Segment - The pipeline segment achieved record annual results with net income of $68.0 million, a 45% increase from $46.9 million in 2023 [34] - Transportation volumes increased by 8.1% year-over-year, driven by new projects [7][34] - The segment benefited from strategic expansion projects and new Federal Energy Regulatory Commission approved rates [6][34] Regulatory Updates - Rate relief actions in North Dakota, South Dakota, and Montana contributed significantly to revenue increases [8][30] - The North Dakota Public Service Commission approved a settlement for an annual revenue increase of $9.4 million effective December 1, 2024 [8] Future Guidance - For 2025, the company expects earnings per share in the range of $0.88 to $0.98 [11] - Planned capital investment for 2025 is $533 million, with a long-term growth target of 7% to 8% on utility rate base [11][19]