MDU Resources reports 2022 adj. EPS $1.87; initiates 2023 guidance with record backlog >$3B

MDU RESOURCES GROUP INC

2022-FY EPS reported $1.81 revenue$6,973,864,000

FY 2022 GAAP EPS $1.81 ($367.5M); adjusted EPS $1.87 ($380.2M). Q4 GAAP EPS $0.57; adjusted $0.61.
Combined construction backlog all-time high >$3B; construction services backlog $2.13B (+54% YoY), materials $935M (+32%).
Initiates 2023 guidance: regulated energy delivery earnings $140-150M; construction services revenue $2.75-2.95B, EBITDA $200-225M; materials revenue $2.50-2.70B, EBITDA $300-350M.
Expects Knife River spinoff and construction services strategic review completed in Q2 2023.
Pipeline placed North Bakken Expansion in service; filed rate case Jan 27; 300 MMcf/d expansions pending for 2023-2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MDU RESOURCES GROUP INC reported 2022 results: net income $367.5 million, EPS $1.81 per share. Guidance initiated.

Period: 2022
Net income: $367.5 million
EPS: $1.81 per share
Guidance: initiated
Result: reported results

Exact text from the filing

MDU Resources Group, Inc. (NYSE: MDU) today reported 2022 earnings on a generally accepted accounting principles (GAAP) basis of $367.5 million, or $1.81 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MDU RESOURCES GROUP INC reported the fourth quarter results: net income $117.1 million, EPS 57 cents per share.

Period: the fourth quarter
Net income: $117.1 million
EPS: 57 cents per share
Result: reported results

Exact text from the filing

In the fourth quarter, the company on a GAAP basis earned $117.1 million, or 57 cents per share

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33 earnings releases filed in the last 30 days. Browse all earnings releases →

MDU RESOURCES GROUP INC filing history →

Source: SEC EDGAR

accession 0000067716-23-000006

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