MDU Resources (US:MDU)2021-08-06 07:00Financial Performance - Second quarter earnings per share (EPS) were $0.50 [4] - Net earnings were $100.2 million [4] - Construction Services reported record second quarter earnings of $28.9 million [8] - Construction Materials reported earnings of $51.4 million [9] Segment Results - Electric & Natural Gas Utility reported earnings of $9.6 million [5], impacted by higher operating expenses and lower investment returns - Pipeline reported earnings of $9.2 million [7], driven by higher AFUDC, partially offset by higher operation and maintenance expense - Construction Services achieved record second quarter revenues of $525.6 million [8, 12], up from $497.2 million in 2020 [8] - Construction Materials reported second quarter revenues of $633.8 million [9, 13], up from $621.1 million in 2020 [9] Outlook and Guidance - The company expects to grow rate base of Electric & Natural Gas Utility by 5% compounded annually over the next five years [10] - Construction Services expects 2021 revenue in a range of $2.1 billion to $2.3 billion [12] - Construction Materials expects 2021 revenue in a range of $2.1 billion to $2.3 billion [13] - The company affirmed 2021 EPS guidance of $2.00 - $2.15 [14]