Last $33.79 USD
Change Today -0.40 / -1.17%
Volume 425.1K
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

mdu resources group inc (MDU) Key Developments

MDU Resources Declares Quarterly Dividends on Common and Preferred Stock, Payable on July 1, 2014

The MDU Resources Group board of directors declared quarterly dividends on the company's common and preferred stock. The dividend for common stock is 17.75 cents per share, unchanged from the previous quarter. Dividends for preferred stock are $1.12-1/2 per share on 4.50% Series Preferred. $1.17-1/2 per share on 4.70% Series Preferred. $1.27-1/2 per share on 5.10% Series Preferred. The dividends are payable July 1, 2014, to stockholders of record June 12, 2014.

MDU Resources Group Inc. Reports Unaudited Consolidated Earnings and Production Results for First Quarter Ended March 31, 2014; Reaffirms Earnings Production Guidance for Full Year of 2014; Provides Production Guidance for Full Year of 2014

MDU Resources Group Inc. reported unaudited consolidated earnings and operating results for first quarter ended March 31, 2014. For the quarter, the company reported adjusted earnings of $60.8 million, or 32 cents per common share, compared to $60.1 million, or 32 cents per common share for the first quarter of 2013. Consolidated GAAP earnings were $56.5 million, or 30 cents per common share, compared to $56.3 million, or 30 cents per common share for the first quarter of 2013. Operating revenues were $1,042.9 million compared to $931.6 million for the same period last year. Operating income was $102.9 million compared to $104.5 million for the same period last year. Income before income taxes were $84.1 million compared to $84.6 million for the same period last year. Income from continuing operations were $56.2 million compared to $56.6 million for the same period last year. For the quarter, the company reported total production of 2,324 MBOE against 2,438 MBOE a year ago. Net oil production was approximately 3,575 BOPD, up 121% from first quarter 2013 and 22% higher than fourth quarter 2013. Current production is approximately 3,900 BOPD. Natural gas liquids production was 164 MBbls against 201 MBbls a year ago. Natural gas production was 5,278 MMcf against 6,713 MMcf a year ago. For the year 2014, the company expects earnings guidance range to $1.50 to $1.65 per share, up from $1.45 to $1.60. GAAP earnings guidance for 2014 is in the same range. Estimated gross capital expenditures for 2014 are approximately $1.2 billion, an increase from prior guidance with the inclusion of the Powder River Basin first quarter acquisition and associated drilling capital costs. For 2014, the company expects a 15 to 20% increase in oil production. Natural gas liquids production is expected to decline 20 to 25% and natural gas production is expected to be 25 to 30% lower compared to a year ago. The declines are primarily the result of the divestment of certain non-strategic natural gas-based properties in 2013 and the expected divestment of the company's south Texas assets this year.

MDU Resources Group Inc. to Report Q1, 2014 Results on May 01, 2014

MDU Resources Group Inc. announced that they will report Q1, 2014 results on May 01, 2014

MDU Resources Group Inc., Q1 2014 Earnings Call, May 01, 2014

MDU Resources Group Inc., Q1 2014 Earnings Call, May 01, 2014

MDU Resources Mulls Acquisitions

MDU Resources Group Inc. (NYSE:MDU) mulls acquisitions. "We have very identifiable projects, and M&A would be in addition to that," said David Goodin, MDU Resources Group, Inc., President and Chief Executive Officer.

 

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MDU

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Valuation MDU Industry Range
Price/Earnings 23.0x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 9.6x
TEV/Sales 0.9x
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