MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, liquid asphalt, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services; and overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines, as well as engages in the utility excavation activities. This segment also manufactures and distributes transmission line construction equipment; and constructs and maintains renewable energy projects. It serves manufacturing, commercial, industrial, institutional, and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
IPO Year:
Exchange: NYSE
Website: mdu.com
Date | Price Target | Rating | Analyst |
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5/20/2024 | $30.00 | Hold → Buy | Argus |
6/1/2023 | $22.00 | Underperform → Buy | BofA Securities |
10/24/2022 | $30.00 → $26.00 | Neutral → Underperform | BofA Securities |
8/5/2022 | $29.00 → $30.00 | Buy → Neutral | BofA Securities |
MDU Resources Group, Inc.'s (NYSE:MDU) board of directors has selected the management team to lead Everus Construction Group, the company's construction services subsidiary, effective when the anticipated spinoff of Everus into an independent, publicly traded company is complete. MDU Resources expects the spinoff to be complete in late 2024.The executive management positions at Everus, effective when the spinoff is complete, include:Jeffrey S. Thiede, who will remain president and CEO, a position he has held since 2013. Thiede has been with the company for 20 years.Thomas D. Nosbusch, who will become chief operating officer. Nosbusch currently is executive vice president of Everus and has be
Gainers NeoVolta (NASDAQ:NEOV) shares increased by 21.2% to $3.0 during Wednesday's pre-market session. The market value of their outstanding shares is at $99.7 million. Globavend Holdings (NASDAQ:GVH) shares rose 16.33% to $1.85. The company's market cap stands at $27.7 million. New Horizon Aircraft (NASDAQ:HOVR) shares moved upwards by 13.7% to $0.97. The company's market cap stands at $17.7 million. ShiftPixy (NASDAQ:PIXY) stock rose 10.52% to $1.89. The market value of their outstanding shares is at $12.7 million. Nuburu (AMEX:BURU) shares rose 7.73% to $0.16. The company's market cap stands at $6.0 million. Astra Space (NASDAQ:ASTR) shares increased by 6.72% to $0.62. The company'
Argus Research analyst David Coleman upgrades MDU Resources Gr (NYSE:MDU) from Hold to Buy and announces $30 price target.
MDU Resources Gr (NYSE:MDU) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.47 by 10.64 percent. The company reported quarterly sales of $1.213 billion which missed the analyst consensus estimate of $1.326 billion by 8.50 percent. This is a 30.18 percent decrease over sales of $1.737 billion the same period last year.
MDU Resources Group, Inc. (NYSE:MDU) announced today that it has submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction services business, Everus Construction Group. MDU Resources expects the spinoff of Everus Construction Group to be complete in the fourth quarter of 2024, subject to final approval by MDU Resources' board of directors. MDU Resources announced on March 13 that its construction services business, MDU Construction Services Group, had been rebranded as Everus Construction Group."When the spinoff of the construction services business is complete late this year, M
MDU Resources announced on Nov. 2, 2023, that it plans to spin off the construction services business, which will result in two independent, publicly traded companies.
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
MDU Resources Gr (NYSE:MDU) reported its Q4 earnings results on Thursday, February 8, 2024 at 08:30 AM. Here's what investors need to know about the announcement. Earnings MDU Resources Gr missed estimated earnings by 2.04%, reporting an EPS of $0.48 versus an estimate of $0.49. Revenue was down $724.00 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 1.38% increase in the share price the next day. Here's a look at MDU Resources Gr's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.25 0.35 0.22 0.52 EPS Actual 0.29 0.29 0.23 0.61 Revenue Estimate 1.02B 1.49B 1.40B 1.50B
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Argus upgraded MDU Resources from Hold to Buy and set a new price target of $30.00
BofA Securities upgraded MDU Resources from Underperform to Buy and set a new price target of $22.00
BofA Securities downgraded MDU Resources from Neutral to Underperform and set a new price target of $26.00 from $30.00 previously
BofA Securities downgraded MDU Resources from Buy to Neutral and set a new price target of $30.00 from $29.00 previously
BofA Securities initiated coverage of MDU Resources with a rating of Buy and set a new price target of $36.00
BISMARCK, N.D., Oct. 2, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) announced today that its board of directors has approved the previously announced spinoff of the company's wholly owned construction services subsidiary, Everus Construction Group, through a pro rata distribution of all the outstanding shares of Everus common stock. "We believe this strategic move will unlock value for our shareholders and position Everus for continued growth and success," said Nicole A. Kivisto, president and CEO of MDU Resources. "This spinoff allows both MDU Resources and Ever
BISMARCK, N.D., Sept. 30, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) board of directors has approved the appointment of Anthony D. Foti as chief legal officer and corporate secretary, effective October 7. He will report directly to MDU Resources president and CEO, Nicole Kivisto, and succeed Paul R. Sanderson, who was previously announced as vice president, chief legal officer and secretary at Everus Construction Group. Foti brings a wealth of experience in corporate governance, securities regulation, and strategic legal operations. He most recently served as se
BISMARCK, N.D., Sept. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced the retirement of Peggy Link, vice president and chief information officer, effective Jan. 10, 2025. Dyke Boese, currently director of enterprise infrasture and operations, will succeed Link. Joining MDU Resources in 2005, and throughout her tenure, Link has been a pivotal member of the company overseeing information technology functions for the company and its business units. Named as the first chief information officer for MDU Resources Group in 2016, she has led the enterpris
BISMARCK, N.D., Sept. 12, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced the public filing of a Form 10 registration statement with the Securities and Exchange Commission that identifies "ECG" as the ticker symbol under which Everus Construction Group, the company's construction services subsidiary, expects to be listed on the New York Stock Exchange. MDU Resources is on track to complete the planned spinoff of Everus into an independent, publicly traded company in late 2024. In the planned spinoff, it is expected that MDU Resources' stockholders wil
BISMARCK, N.D., Sept. 3, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced the anticipated board of directors for Everus Construction Group, effective upon completion of the planned spinoff of the construction services subsidiary into an independent, publicly traded company. The spinoff is expected to be complete in late 2024. Everus' post-spinoff board is expected to consist of seven directors, including six independent directors. These individuals are anticipated to move from MDU Resources' board of directors to Everus' board: Dale S. Rosenthal, forme
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) announced today that Michael S. Della Rocca and Marian M. Durkin have been appointed to the company's board of directors. Della Rocca, during his 35-year career, held a number of executive positions within the engineering and construction industry, including as chief executive, Americas, of AECOM. He also was a partner in consulting firm McKinsey & Company, where he provided clients with strategic counsel on capital projects. He has served on a number of boards and owns Della Rocca Enterprises L
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) has increased the quarterly dividend on the company's common stock to 13 cents per share, for an annualized dividend of 52 cents per share. This represents a 4% increase over the previous quarterly dividend of 12.5 cents per share. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. "MDU Resources remains committed to the transition to a pure-play regulated energy delivery business, and the board supports
Key Financial Highlights for Second Quarter 2024: Pipeline achieved record second quarter earnings of $17.3 million, up approximately 99%.Utility earnings of $10.5 million, down by $2.6 million from last year.Everus reports record second quarter earnings and all-time record backlog of $2.4 billion.Updated 2024 construction services guidance: Revenues expected to be $2.65 billion to $2.85 billion, with higher margins compared to 2023.BISMARCK, N.D., Aug. 8, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today reported solid second quarter earnings, reflecting substantial growth across the pipeline and construction services segments.
BISMARCK, N.D., July 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors has selected the management team to lead Everus Construction Group, the company's construction services subsidiary, effective when the anticipated spinoff of Everus into an independent, publicly traded company is complete. MDU Resources expects the spinoff to be complete in late 2024. The executive management positions at Everus, effective when the spinoff is complete, include: Jeffrey S. Thiede, who will remain president and CEO, a position he has held since 2013. Thiede ha
BISMARCK, N.D., July 17, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its second quarter 2024 earnings conference call at 2 p.m. EDT Aug. 8. The company will release its second quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q2 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 ind
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BISMARCK, N.D., Sept. 30, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) board of directors has approved the appointment of Anthony D. Foti as chief legal officer and corporate secretary, effective October 7. He will report directly to MDU Resources president and CEO, Nicole Kivisto, and succeed Paul R. Sanderson, who was previously announced as vice president, chief legal officer and secretary at Everus Construction Group. Foti brings a wealth of experience in corporate governance, securities regulation, and strategic legal operations. He most recently served as se
BISMARCK, N.D., Sept. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced the retirement of Peggy Link, vice president and chief information officer, effective Jan. 10, 2025. Dyke Boese, currently director of enterprise infrasture and operations, will succeed Link. Joining MDU Resources in 2005, and throughout her tenure, Link has been a pivotal member of the company overseeing information technology functions for the company and its business units. Named as the first chief information officer for MDU Resources Group in 2016, she has led the enterpris
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) announced today that Michael S. Della Rocca and Marian M. Durkin have been appointed to the company's board of directors. Della Rocca, during his 35-year career, held a number of executive positions within the engineering and construction industry, including as chief executive, Americas, of AECOM. He also was a partner in consulting firm McKinsey & Company, where he provided clients with strategic counsel on capital projects. He has served on a number of boards and owns Della Rocca Enterprises L
BISMARCK, N.D., Dec. 4, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) has approved the appointment of Garret Senger as chief utilities officer for the company's electric and natural gas utility business, effective Jan. 6. Senger currently is executive vice president of regulatory affairs, customer service and administration for the utility business. Senger's new role will be effective the same day that Nicole A. Kivisto assumes the role of president and CEO of MDU Resources. "Garret will do an excellent job leading the day-to-day utility o
BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors. Anderson previously was the president and CEO of IDACORP and Idaho Power Company, an integrated electric utility serving customers in Idaho and Oregon. Anderson first joined Idaho Power in 1996 and held positions of increasing authority, including executive vice president of administrative services and chief financial officer. He served as president and CEO from 2014 until he retired in 2020. "As we w
BISMARCK, N.D., May 18, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) has approved the appointment of Paul R. Sanderson to succeed Karl A. Liepitz as vice president, chief legal officer and secretary, effective upon the completion of the spinoff of the company's construction materials subsidiary, Knife River Corporation, at which time Liepitz will become chief legal officer of Knife River. Sanderson will join MDU Resources on June 1. He has been a partner in Evenson Sanderson PC since 2014 and previously was a partner with Zuger Kirmis & S
BISMARCK, N.D., Nov. 18, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that German Carmona Alvarez has been appointed to the company's board of directors. Carmona is global president, applied intelligence, at John Wood Group PLC, which provides consulting, project management and engineering solutions to the energy and built environment industries. His previous experience includes executive positions with Neoris, Cemex and the Boston Consulting Group. Carmona has extensive experience in continuous improvement practices, digital transformation, financ
SEATTLE, May 31, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing the home services and insurance industries, is pleased to announce the appointment of three key members to its management team. These additions to the Porch Group leadership team provide strategic guidance to the Company's ongoing corporate development and drive innovative value across several of the organizations departments. Janet Zimmermann has been appointed as Vice President of People to lead Porch's human resource functions and the scaling of its People organization. In this role, Zimmermann will leverage her expertise to continu
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) has increased the quarterly dividend on the company's common stock to 13 cents per share, for an annualized dividend of 52 cents per share. This represents a 4% increase over the previous quarterly dividend of 12.5 cents per share. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. "MDU Resources remains committed to the transition to a pure-play regulated energy delivery business, and the board supports
Key Financial Highlights for Second Quarter 2024: Pipeline achieved record second quarter earnings of $17.3 million, up approximately 99%.Utility earnings of $10.5 million, down by $2.6 million from last year.Everus reports record second quarter earnings and all-time record backlog of $2.4 billion.Updated 2024 construction services guidance: Revenues expected to be $2.65 billion to $2.85 billion, with higher margins compared to 2023.BISMARCK, N.D., Aug. 8, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today reported solid second quarter earnings, reflecting substantial growth across the pipeline and construction services segments.
BISMARCK, N.D., July 17, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its second quarter 2024 earnings conference call at 2 p.m. EDT Aug. 8. The company will release its second quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q2 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 ind
BISMARCK, N.D., May 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors today declared a quarterly dividend on the company's common stock of 12.5 cents per share, unchanged from the previous quarter. The dividend is payable July 1 to stockholders of record June 13, 2024. About MDU Resources MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides essential products and services through its regulated energy delivery and construction services businesses. Founded in 1924, the company is celebrating its 100th anniversary; learn more
BISMARCK, N.D., May 2, 2024 /PRNewswire/ -- Pipeline has record first quarter earnings, up 82%.Utility first quarter earnings up 4%.Everus reports 8% earnings increase, record first quarter EBITDA and all-time record backlog.2024 guidance affirmed: Regulated energy delivery earnings in the range of $170 million to $180 million; Everus revenues of $2.9 billion to $3.1 billion with EBITDA of $220 million to $240 million.MDU Resources Group, Inc. (NYSE:MDU) today reported strong first quarter results from its utility, pipeline and construction services businesses, and it affirmed
BISMARCK, N.D., April 11, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its first quarter 2024 earnings conference call at 2 p.m. EDT May 2. The company will release its first quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q1 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 index
BISMARCK, N.D., Feb. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors today declared a quarterly dividend on the company's common stock of 12.5 cents per share, unchanged from the previous quarter. The dividend is payable April 1 to stockholders of record March 14, 2024. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides essential products and services through its regulated energy delivery and construction services businesses. For more information about MDU Resources, visit www.mdu.com or contact the I
BISMARCK, N.D. , Feb. 8, 2024 /PRNewswire/ -- Record electric retail sales volumes.Record pipeline earnings and natural gas transportation volumes.Record construction services revenues, earnings and EBITDA.2024 guidance: Regulated energy delivery earnings in the range of $170 million to $180 million; construction services revenues of $2.9 billion to $3.1 billion with EBITDA of $220 million to $240 million.Investor Day scheduled for March 13 at NYSE.MDU Resources Group, Inc. (NYSE:MDU) today reported strong 2023 results from its utility, pipeline and construction services busin
BISMARCK, N.D., Jan. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its year-end 2023 earnings conference call at 2 p.m. EST Feb. 8. The company will release its year-end results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investor Relations" heading. Select "Events & Presentations," and click "Year-End 2023 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400
BISMARCK, N.D., Nov. 16, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors today declared a quarterly dividend on the company's common stock of 12.5 cents per share, unchanged from the previous quarter. The dividend is payable Jan. 1, 2024, to stockholders of record Dec. 14, 2023. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides essential products and services through its regulated energy delivery and construction services businesses. For more information about MDU Resources, visit www.mdu.com or contact