Strong Start to 2025 with Income Increase
MDU Resources reported income from continuing operations of $82.5 million or $0.40 per share for the first quarter, marking a 10.4% increase compared to last year.
Pipeline and Natural Gas Distribution Segments Growth
Earnings for the Pipeline and Natural Gas Distribution segments grew by 13.9% and 11.5% respectively, year-over-year.
Utility Customer Growth and Infrastructure Investment
MDU's utility experienced a 1.4% combined retail customer growth, reinforcing the need for infrastructure investment.
Electric Segment Strategic Acquisition
Signed a purchase agreement for a 49% ownership in the Badger Wind Farm, pending regulatory approvals.
Pipeline Segment Record Earnings
Record first quarter earnings were achieved in the pipeline segment, up 13.9% from the previous year.
Future Growth Prospects
Anticipated capital investment of $3.1 billion over the next five years and projected EPS growth rate of 6% to 8%.