MDU Resources (US:MDU)2025-11-06 19:00Financial Performance - The company's net income for the third quarter of 2025 was $18.4 million, resulting in earnings per share (EPS) of $0.09 [29] - This compares to a net income of $15.6 million and EPS of $0.08 in the third quarter of 2024 [29] - Income from continuing operations for the third quarter of 2025 was also $18.4 million, with an EPS of $0.09, compared to $64.6 million and $0.32 in 2024 [29, 30] Business Segment Performance - The Electric Utility segment reported earnings of $21.5 million in the third quarter of 2025, down from $24.3 million in 2024, impacted by increased operation and maintenance expenses [34, 35] - The Natural Gas Utility segment experienced a seasonal loss of $18.2 million in the third quarter of 2025, compared to a loss of $17.5 million in 2024, with rate relief partially offsetting seasonal losses and a 1.6% year-over-year increase in natural gas customer count [37, 38] - The Pipeline segment reported earnings of $16.8 million in the third quarter of 2025, up from $15.1 million in 2024, driven by expansion projects and increased transportation volumes [40, 41] Regulatory and Growth Initiatives - The company anticipates continued growth in utility customers at 1%-2% annually [12, 26] - The company has 580 MW of data center load under signed electric service agreements [12, 16] - The company received approval for a 49% ownership interest in the Badger Wind Project, with an estimated cost of $294 million [12, 21]