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Mdu Resources Group Inc (MDU)
NYSE:MDU
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.31Last Year’s EPS
$0.27Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 7.52%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The call highlighted strong performance and strategic achievements, particularly in the pipeline segment, and an optimistic outlook with increased earnings guidance. However, there were some challenges noted, such as decreased GAAP earnings and regulatory issues in Montana.Company Guidance
In the MDU Resources Q3 2024 earnings call, the company provided updated guidance reflecting strong business performance and strategic advancements. Following the spin-off of Everest Construction Group, MDU has become a pure-play regulated energy delivery company, focusing on utility and pipeline businesses. The company anticipates customer growth of 1% to 2% annually and long-term EPS growth of 6% to 8%, with a 60% to 70% annual dividend payout ratio. The utility business showed solid performance, with a 1.5% increase in the retail customer base, supported by strategic rate adjustments and infrastructure investments. The pipeline segment achieved record earnings, up 27% from the previous year, due to record transportation volumes and increased storage revenues. MDU has increased its regulated energy delivery earnings guidance to a range of $180 million to $185 million for 2024, driven by favorable weather conditions, robust pipeline performance, and strategic acquisitions.Completion of Strategic Spin-offs
MDU completed the spin-off of Everest Construction Group on October 31, achieving the goal of becoming a pure-play regulated energy delivery business.
Pipeline Segment Record Earnings
The pipeline business achieved record third quarter earnings, up 27% from the previous year, driven by record transportation volumes and increased storage revenues.
Utility Business Growth
The utility business showed solid performance, with electric utility earnings increasing due to rate relief and higher volumes. The retail customer base grew by 1.5%.
Increased Earnings Guidance
MDU raised its earnings guidance for 2024 to a range of $180 million to $185 million, citing strong performance and momentum.
Strategic Acquisition in Pipeline
MDU acquired a 28-mile natural gas pipeline lateral in North Dakota for $17 million, expected to generate $3 million in annual earnings.
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MDU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MDU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $16.83 | $17.39 | +3.33% |
| Aug 08, 2024 | $13.91 | $13.66 | -1.80% |
| May 02, 2024 | $13.53 | $13.65 | +0.89% |
| Feb 08, 2024 | $10.64 | $10.76 | +1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mdu Resources Group Inc (MDU) report earnings?
Mdu Resources Group Inc (MDU) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Mdu Resources Group Inc (MDU) earnings time?
Mdu Resources Group Inc (MDU) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MDU EPS forecast?
MDU EPS forecast for the fiscal quarter 2024 (Q4) is $0.31.
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