earnings
confidence high
sentiment positive
materiality 0.60
MDU Resources reports Q2 net income $60.4M ($0.30 EPS); Pipeline record earnings $17.3M, up 99%
MDU RESOURCES GROUP INC
2024-Q2 EPS reported
$0.79
revenue$2,261,370,000
- Net income $60.4M (diluted EPS $0.30) vs $130.7M ($0.64) prior year; adjusted income from cont ops $65.2M ($0.32 adj EPS).
- Pipeline segment record Q2 earnings $17.3M, up ~99% on record transport volumes and higher storage revenue.
- Utility earnings $10.5M, down $2.6M due to cooler weather; regulated energy delivery earnings $27.8M vs $21.8M.
- Construction services record Q2 earnings and all-time backlog $2.4B; updated 2024 revenue guidance $2.65B-$2.85B.