MDU Resources (US:MDU)2025-07-01 11:16Consolidated Results - Adjusted earnings decreased from $205.5 million in 2014 to $180.0 million in 2015[10, 11] - GAAP earnings showed a significant loss of $(623.1) million in 2015, compared to a profit of $297.5 million in 2014[11, 14] - Adjusted EPS decreased from $1.07 in 2014 to $0.92 in 2015[10] - GAAP EPS decreased from $1.55 in 2014 to $(3.20) in 2015[14] Construction Materials & Services - Construction Materials adjusted earnings increased from $59.9 million in 2014 to a record $90.6 million in 2015[17] - Construction Services adjusted earnings decreased from $54.5 million in 2014 to $25.2 million in 2015[19] - The combined backlog for construction businesses is approximately $1 billion, one-third higher than the prior year-end[16, 40] Utility Electric & Natural Gas - Utility Electric & Natural Gas earnings were impacted by $(7.2) million due to weather[26] - A record $464 million was spent on Cap Ex in 2015[26] - $49.3 million in rate relief was implemented, with an additional $38.9 million in pending cases[26, 40] Pipeline & Midstream - Adjusted earnings decreased slightly from $24.7 million in 2014 to $23.9 million in 2015[30, 31] Refining - The adjusted loss for refining was $20.5 million (MDU share)[35] 2016 Guidance - Adjusted earnings per share are projected to be between $1.00 and $1.15[36, 37] - GAAP earnings per share are projected to be between $0.85 and $1.10[36, 37]