Mdu Resources - MDU STOCK NEWS

MDU Resources Group reported Q2 2022 earnings of $70.7 million (35 cents/share), down from $100.2 million (50 cents/share) in Q2 2021. For the first half of 2022, earnings were $102.4 million (50 cents/share), down from $152.3 million (76 cents/share) in 2021. Despite record revenues in construction, ongoing inflation and supply chain issues impacted earnings. MDU expects full-year earnings per share of $1.75 to $1.90. A proposed spin-off of Knife River Corporation aims to create two independently traded firms.

MDU Resources Group has announced a plan to separate its construction materials business, Knife River Corporation, expected to complete in 2023. This tax-free spinoff aims to enhance shareholder value by creating two independent, focused companies. Knife River will operate as a vertically integrated construction materials provider, while MDU Resources will focus on regulated utilities and infrastructure services. The separation is anticipated to optimize capital allocation strategies and facilitate individualized growth opportunities for both companies.

MDU Resources Group, Inc. (NYSE: MDU) will hold a webcast for its second quarter 2022 earnings conference call on August 4, 2022, at 2 p.m. EDT. The company will release its earnings results prior to U.S. market opening on the same day. Investors can access the webcast via the company’s website under the 'Investor Relations' section. Audio replays will be available until August 18, 2022. MDU Resources is a component of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices.

MDU Resources Group declared a quarterly dividend of 21.75 cents per share, consistent with the previous quarter. This dividend is payable on July 1 to shareholders of record as of June 9.

Being part of the S&P High-Yield Dividend Aristocrats indices highlights the company's commitment to delivering shareholder value. MDU Resources is recognized for its essential services in energy delivery and construction materials.

MDU Resources Group reported Q1 earnings of $31.7 million, or 16 cents per share, down from $52.1 million or 26 cents per share in Q1 2021. Despite inflationary pressures, record revenues in construction and a robust backlog of $1.67 billion were highlighted. The regulated energy segment saw a slight earnings increase, while pipeline earnings fell to $7.3 million due to higher costs. The construction materials business experienced a seasonal loss of $40 million, yet revenue was up to $310 million. EPS guidance for 2022 remains steady at $2.00 to $2.15.

MDU Resources Group, Inc. (NYSE: MDU) will host a webcast for its first quarter 2022 earnings call on May 5, following the release of financial results. The call is set to begin at 2 p.m. EDT and will be available on their website, www.mdu.com. Audio replays can be accessed through May 19. MDU Resources is recognized as a Fortune 500 company and is part of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats indices, focusing on essential products and services in energy and construction.

MDU Resources Group, Inc. (NYSE: MDU) has declared a quarterly dividend of 21.75 cents per share, remaining unchanged from the previous quarter. This dividend is scheduled for payment on April 1, 2022, to shareholders of record by March 10, 2022. MDU Resources is recognized as a Fortune 500 company and is involved in the regulated energy delivery and construction materials sectors, contributing significantly to the country's infrastructure. For further information, visit www.mdu.com.

MDU Resources Group reported earnings of $378.1 million or $1.87 per share for 2021, a decrease from $390.2 million or $1.95 per share in 2020. Q4 earnings were $86.5 million, down 23% year-over-year. Despite lower earnings, the company achieved its third-best annual earnings in history, with strong construction backlog at $2.1 billion. MDU forecasts 2022 earnings of $2.00 to $2.15 per share. Key growth areas include natural gas projects and infrastructure funding from the $1.2 trillion Infrastructure Act.