Mdu Res ( (MDU) ) has released its Q4 earnings. Here is a breakdown of the information Mdu Res presented to its investors.
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MDU Resources Group Inc. is a regulated energy delivery company headquartered in Bismarck, North Dakota, focusing on the transmission and distribution of electricity and natural gas.
In its latest earnings report for 2024, MDU Resources announced a net income of $281.1 million and highlighted significant growth in its regulated energy delivery segments. The company also provided earnings guidance for 2025, expecting earnings per share in the range of $0.88 to $0.98.
Key highlights from the earnings report include a 13.6% increase in regulated energy delivery earnings, totaling $189.7 million, and record annual pipeline transportation volumes, which grew by 8.1% year-over-year. The utility rate base also saw a 6.8% growth, contributing to the company’s robust financial performance. MDU Resources successfully spun off Everus Construction Group, further solidifying its focus on energy delivery.
MDU Resources reported substantial growth across its segments. The electric utility segment saw a 4.5% increase in earnings due to rate relief in several states, while the pipeline segment achieved record earnings with a 45% year-over-year increase, driven by strategic expansion projects. The natural gas distribution segment maintained stable performance, supported by rate relief and customer growth despite higher operational costs.
Looking forward, MDU Resources is committed to strengthening its position as a leading energy delivery business. With a capital investment plan of $533 million for 2025 and a long-term growth strategy, the company aims to enhance shareholder value and meet the evolving needs of its customers.
