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Last $21.16 USD
Change Today +0.07 / 0.33%
Volume 722.8K
MDU On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

mdu resources group inc (MDU) Key Developments

MDU Resources Group Seeks Acquisitions

MDU Resources Group Inc. (NYSE:MDU) is seeking acquisitions. Nicole Kivisto, President and Chief Executive Officer of utilities group, MDU Resources Group, said "We have a record capital budget in 2015, if you take out acquisitions. We haven't spent that kind of money on an organic basis in our history, absent the year that we acquired Cascade. So we see that as a very exciting opportunity here in 2015 to execute on."

MDU Resources Group Inc. Presents at UBS Utilities and Natural Gas One-on-One Conference, Mar-03-2015

MDU Resources Group Inc. Presents at UBS Utilities and Natural Gas One-on-One Conference, Mar-03-2015 . Venue: InterContinental Boston, Boston, United States. Speakers: Dave Goodin, President and Chief Executive Officer, Doran N. Schwartz, Chief Financial Officer and Vice President, Phyllis A. Rittenbach, Director of Investor Relations.

MDU Resources Group Inc. - Shareholder/Analyst Call

To provide an update on operational strategy and financials

The MDU Resources Group Declares Common and Preference Dividend, Payable on April 1, 2015

The MDU Resources Group board of directors declared the company's quarterly common stock dividend to 18.25 cents per share, unchanged from the previous quarter. The board of directors also declared dividends on preferred stock as: $1.12-1/2 per share on 4.50% Series Preferred - $1.17-1/2 per share on 4.70% Series Preferred - $1.27-1/2 per share on 5.10% Series Preferred. The dividends are payable April 1, 2015, to stockholders of record March 12, 2015.

MDU Resources Group Inc. Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Twelve Months Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Provides Total Capital Expenditures Guidance for the Year 2016 and 2017

MDU Resources Group Inc. announced unaudited consolidated earnings and production results for the fourth quarter and twelve months ended December 31, 2014. For the quarter, the company reported adjusted earnings of $67.9 million or $0.35 per share compared to $66.1 million or $0.35 per share cents per share a year ago. Operating revenues were $1,163.2 million against $1,184.4 million a year ago. Operating income was $109.6 million against $147.1 million a year ago. Income before income taxes was $90.2 million against $128.5 million a year ago. Net income was $82.8 million against $91.3 million a year ago. Diluted earnings per common share were $0.42 against $0.48 a year ago. Income from continuing operations was $3.3 million against $3.0 million a year ago. For the year, the company reported adjusted earnings of $206.0 million, or 1.07 cents per share, compared to $191.5 million, or 1.01 cents per share a year ago. Book value per common share was $16.66 against $15.01 a year ago. Operating revenues were $4,670.6 million against $4,462.4 million a year ago. Operating income was $488.2 million against $492.9 million a year ago. Income before income taxes was $411.2 million against $415.6 million a year ago. Net income was $294.3 million against $278.6 million a year ago. Diluted earnings per common share were $1.53 against $1.47 a year ago. Income from continuing operations was $291.2 million against $278.9 million a year ago. Net operating cash flow was $616 million against $742 million a year ago. Total capital expenditures were $844 million. For the quarter, the company reported total production of 1,872 MBOE against 2,605 MBOE a year ago. Oil production was 1,022 MBbls against 1,244 MBbls a year ago. Natural gas liquids production was 108 MBbls against 193 MBbls a year ago. Natural gas production was 4,453 MMcf against 7,006 MMcf a year ago. For the year, the company reported total production of 8,998 MBOE against 10,264 MBOE a year ago. Oil production was 4,919 MBbls against 4,815 MBbls a year ago. Natural gas liquids production was 609 MBbls against 781 MBbls a year ago. Natural gas production was 20,822 MMcf against 28,008 MMcf a year ago. The company provided earnings guidance for the year 2015. The company has initiated 2015 adjusted earnings per share guidance in the range of $1.05 to $1.20. Adjusted earnings per share guidance includes results from its utility, pipeline and energy services and construction businesses and excludes results for its exploration and production business. GAAP earnings per share is expected to be in the range of 80 cents to 95 cents for 2015 excluding any potential ceiling test impairments. For the year, the company expects total capital expenditures of $692 million. For the year 2016, the company expects total capital expenditures of $1,074 million. For the year 2017, the company expects total capital expenditures of $861 million.

 

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MDU

Industry Average

Valuation MDU Industry Range
Price/Earnings 13.8x
Price/Sales 0.9x
Price/Book 1.3x
Price/Cash Flow 5.9x
TEV/Sales 0.4x
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