Mdu Res ( (MDU) ) has released its Q1 earnings. Here is a breakdown of the information Mdu Res presented to its investors.
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MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides electric utility and natural gas distribution services across the Pacific Northwest and Midwest, and operates a vast natural gas pipeline network in the Northern Plains.
MDU Resources has reported a strong start to 2025, with significant earnings growth in its pipeline and natural gas distribution segments, and has affirmed its full-year earnings guidance. The company is transitioning to a fully regulated energy delivery business.
The pipeline segment achieved record first-quarter earnings, driven by increased transportation revenue and strong storage demand. The natural gas distribution segment also saw an 11.5% increase in earnings, supported by regulatory progress and higher retail sales volumes. However, the electric segment experienced a decline in earnings due to higher operation and maintenance expenses.
MDU Resources continues to focus on its long-term growth strategy, with several pipeline expansion projects underway. The company remains committed to delivering value through its CORE strategy, anticipating steady customer growth and regulatory advancements.
Looking ahead, MDU Resources expects to maintain strong performance, with earnings per share projected to be between $0.88 and $0.98 for 2025, supported by continued customer growth and strategic project execution.