earnings
confidence high
sentiment positive
materiality 0.75
MDU Resources Q1 EPS $0.49, adj EPS $0.52; pipeline earnings up 82%
MDU RESOURCES GROUP INC
2024-Q1 EPS reported
$0.49
revenue$1,213,825,000
- Net income $100.9M vs $38.3M YoY; diluted EPS $0.49 vs $0.19; adjusted EPS $0.52 vs $0.43.
- Regulated energy delivery earnings $73.1M (up 15%); pipeline segment record earnings up 82%.
- Everus construction services revenue $625.7M, EBITDA $46.9M (record); all-time record backlog.
- 2024 guidance affirmed: regulated earnings $170M-$180M; Everus revenue $2.9B-$3.1B, EBITDA $220M-$240M.
- Utility earnings up 4% YoY driven by rate relief and higher electric retail sales.