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Last $19.22 USD
Change Today -0.29 / -1.49%
Volume 1.1M
MDU On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

mdu resources group inc (MDU) Key Developments

Fidelity Exploration Up For Sale Again

MDU Resources Group Inc. (NYSE:MDU) has put Fidelity Exploration & Production Company up for sale again. Chief Executive Officer, Dave Goodin says that MDU Resources concluded “the timing was appropriate to move forward.” MDU plans to use the money from the sale to pay for investments at its other subsidiaries.

MDU Resources Group Inc. Announces Retirement of Steven L. Bietz as President and Chief Executive Officer of its Pipeline and Energy Services Business, Effective July 17, 2015

MDU Resources Group Inc. announced that Steven L. Bietz, president and chief executive officer of its pipeline and energy services business, has elected to retire effective July 17, 2015, after a 34-year career with the company.

MDU Resources Group, Inc. Announces Dakota Prairie Refinery Initiated Diesel Product Sales to the Market

MDU Resources Group Inc. announced that the Dakota Prairie refinery initiated diesel product sales to the market on May 15, 2015. Construction of the facility began March 26, 2013. June is expected to be the first full month of production with inputs maintained at 20,000 barrels per day. Outputs are expected to be approximately 7,000 barrels per day of diesel fuel, 6,500 barrels per day of naphtha, 6,000 barrels per day of atmospheric tower bottoms and 300 barrels per day of natural gas liquids.

MDU Resources Group Inc. Declares Quarterly Dividends on Common and Preferred Stock, Payable on July 1, 2015

The MDU Resources Group board of directors declared quarterly dividends on the company’s common and preferred stock. The dividend for common stock is 18.25 cents per share, unchanged from the previous quarter. Dividends for preferred stock are $1.12-1/2 per share on 4.50% Series Preferred, $1.17-1/2 per share on 4.70% Series Preferred, and $1.27-1/2 per share on 5.10% Series Preferred. The dividends are payable July 1, 2015, to stockholders of record June 11, 2015.

MDU Resources Group Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Unaudited Consolidated Write-Down for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015 and Capital Expenditures Guidance for the Year 2016 and 2017

MDU Resources Group Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's operating revenues were $918.5 million against $1,042.9 million a year ago. Operating loss was $474.3 million against income of $102.9 million a year ago. Loss before income taxes was $495.1 million against income of $84.1 million a year ago. Net loss was $309.4 million against income of $56.2 million a year ago. Loss on common stock was $306.1 million or $1.57 basic and diluted per share against earnings of $56.5 million or $0.30 basic and diluted per share a year ago. Book value per common share was $15.08 against $15.34 a year ago. Net operating cash flow was $95 million against $137 million a year ago. Adjusted earnings were $22.8 million or $0.12 basic and diluted per share against $35.6 million or $0.19 per share a year ago. For the quarter, the company's write-down of oil and natural gas properties was $500.4 million. For the quarter, the company's production oil was 965 MBbls against 1,280 MBbls a year ago. Natural gas liquids was 116 MBbls against 164 MBbls a year ago. Natural gas was 4,954 MMcf against 5,278 MMcf a year ago. Total Production was 1,907 MBOE against 2,324 MBOE a year ago. On a consolidated basis for the year 2015, the company expects Adjusted earnings per share for 2015 are projected in the range of $1.05 to $1.20. Adjusted earnings excludes the effects of the exploration and production segment. GAAP guidance for 2015 is a loss per share in the range of 65 cents to 80 cents. GAAP guidance includes the first quarter ceiling test impairment and excludes any future potential ceiling test impairments related to lower commodity prices. Given the current oil and natural gas pricing environment, the company believes it is likely it will have additional noncash ceiling test write-downs of its oil and natural gas properties in 2015. Total capital expenditures to be $676 million. For the year 2016 and 2017, the company expects capital expenditures to be $1,074 million and $861 million, respectively.

 

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MDU

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Valuation MDU Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 11.4x
TEV/Sales 0.3x
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