Welcome to our dedicated page for Mdu Resources news (Ticker: MDU), a resource for investors and traders seeking the latest updates and insights on Mdu Resources stock.
MDU Resources Group, Inc. (MDU) provides essential regulated energy services across electric, natural gas, and pipeline infrastructure sectors. This dedicated news hub offers investors and stakeholders centralized access to official company announcements and market-moving developments.
Track earnings reports, regulatory filings, and strategic initiatives through verified press releases. Our curated news collection simplifies monitoring of infrastructure investments, rate case updates, and operational milestones impacting this energy services provider.
Key updates include coverage of MDU's electric utility operations across eight states, natural gas distribution network expansions, and pipeline transportation developments. Stay informed about capital investment programs and regulatory compliance updates that shape the company's performance.
Bookmark this page for streamlined access to MDU's latest verified news. Check regularly for updates on infrastructure projects, dividend declarations, and operational disclosures critical for energy sector analysis.
WBI Energy, a subsidiary of MDU Resources Group (NYSE: MDU), commenced construction on the North Bakken Expansion project in North Dakota, enabling the transport of 250 million cubic feet of natural gas per day. Following approval from the Federal Energy Regulatory Commission on July 8, this $260 million project will enhance WBI's capacity to over 2.4 billion cubic feet daily and is projected to reduce natural gas flaring. The expansion includes 63 miles of 24-inch pipeline and is expected to create up to 450 jobs during peak construction, with completion anticipated by year-end.
MDU Resources Group will host a webcast for its second quarter 2021 earnings conference call on August 5, 2021, at 2 p.m. EDT. This follows the release of its financial results. Investors can access the call via www.mdu.com, with options for audio and webcast replays available until August 19, 2021. The company is recognized as a Fortune 500 entity and is part of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats indices.
WBI Energy, a subsidiary of MDU Resources Group (NYSE: MDU), received a certificate from FERC for the North Bakken Expansion project, which will increase natural gas transport capacity by 250 million cubic feet per day.
The $260 million project involves 62 miles of 24-inch and 20 miles of 12-inch pipelines in North Dakota and is projected to create up to 450 jobs during peak construction. Completion is expected by the end of the year, pending a notice to proceed from FERC within 30 days.
MDU Resources Group has been recognized in the 2021 Fortune 500, ranking No. 486, highlighting its status as one of the largest U.S. companies based on 2020 revenues. The company, headquartered in Bismarck, North Dakota, operates in 46 states with approximately 16,000 employees during peak construction. MDU's dual business model focuses on regulated energy delivery and construction materials, contributing to its growth and acclaim. President David L. Goodin emphasized the importance of their workforce in providing essential services.
MDU Resources Group has declared a quarterly dividend of 21.25 cents per share, consistent with the previous quarter. The dividend is scheduled for payment on July 1, 2021, to stockholders on record as of June 10, 2021. This decision reinforces MDU's position as a member of the S&P High-Yield Dividend Aristocrats index, highlighting its commitment to returning value to shareholders. For additional details, visit www.mdu.com.
MDU Resources Group, Inc. (NYSE: MDU) announced the election of Dale S. Rosenthal as an independent director during its annual shareholders' meeting on May 11, 2021. Rosenthal, 64, brings extensive experience from the construction industry, previously holding senior executive roles at Clark Construction Group. Board Chair Dennis W. Johnson emphasized her alignment with MDU's business needs and prior service on another public utility’s board. Rosenthal holds degrees from Harvard Law School and Cornell University.
MDU Resources Group reported Q1 2021 earnings of $52.1 million (26 cents per share), significantly up from $25.1 million (13 cents per share) in Q1 2020. The company experienced record earnings in its construction services and pipeline sectors, alongside increased natural gas sales volumes. MDU raised its 2021 EPS guidance to $2.00 to $2.15 amid expectations of robust demand driven by federal infrastructure funding. The construction materials segment reported a seasonal loss of $30.8 million, improving from $38.2 million last year.
MDU Resources Group will webcast its annual shareholder meeting on May 11, 2021, at 11 a.m. CDT from Bismarck, N.D.. Board Chair Dennis W. Johnson will host the meeting, which includes a business update from President and CEO David L. Goodin. Interested individuals can access more information and the webcast without preregistration at www.mdu.com/proxymaterials. MDU Resources is a member of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats indices.
MDU Resources Group, Inc. (NYSE: MDU) is set to host a webcast of its first quarter 2021 earnings conference call on May 6. The financial results will be released prior to the call, which begins at 2 p.m. EDT. Investors can access the webcast at www.mdu.com. Audio replays will be available until May 20. MDU Resources is part of the S&P MidCap 400 and S&P High-Yield Dividend Aristocrats indexes, focused on delivering essential services through its energy and construction materials businesses.
Knife River Corporation has acquired Mt. Hood Rock, enhancing its position in the Portland metro area's aggregate market. This strategic move is part of Knife River's growth plan, providing an estimated 20 years of reserves and promoting vertical integration. The acquisition is expected to create operational efficiencies and drive growth immediately. President David C. Barney emphasized the company's record earnings and strong backlog, marking this as their ninth acquisition in three years, reflecting optimism for future performance.
