MDU Resources posts record 2023; regulated energy earnings up 21%; initiates 2024 guidance

MDU RESOURCES GROUP INC

2023-FY EPS reported $2.03 revenue$4,657,340,000

Full-year diluted EPS $2.03; adjusted EPS from continuing ops $1.50 vs $1.25 prior year.
Record electric retail sales volumes, pipeline earnings, and construction services revenue ($2.85B) and earnings ($137.2M).
Regulated energy delivery earnings $167M, up 21% from $137.6M in 2022.
2024 guidance: regulated energy delivery earnings $170M-$180M; construction services EBITDA $220M-$240M.
Completed tax-free exchange of retained Knife River shares in Q4 2023, recording $186.6M gain.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MDU RESOURCES GROUP INC reported the twelve months ended Dec. 31, 2023 results: net income $414.7 million, EPS $2.03. Guidance initiated.

Period: the twelve months ended Dec. 31, 2023
Net income: $414.7 million
EPS: $2.03
Guidance: initiated
Result: reported results

Exact text from the filing

MDU Resources Reports Robust Growth in 2023; Initiates Guidance for 2024

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Source: SEC EDGAR

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