MDU Sees Earnings From Regulated Energy Delivery Business $170M-$180M; Sees Construction Services Revenues $2.9B-$3.1B
$MDU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
- Earnings from its regulated energy delivery business in the range of $170 million to $180 million.
- Construction services revenues in the range of $2.9 billion to $3.1 billion, with margins comparable to 2023, and EBITDA of $220 million to $240 million. EBITDA in a non-GAAP financial measure. A reconciliation is provided in the "Non-GAAP Financial Measures" section in this news release.
The expected 2024 results are based on these assumptions:
- Normal weather for the year, including precipitation and temperatures, across all company markets.
- Normal economic and operating conditions.
- Continued availability of necessary equipment and materials.
- Electric and natural gas customer growth continuing at a rate of 1% to 2% annually.
- No planned equity issuances.