MDU Resources announces $3.1B capital plan for 2025-2029, up 15% from prior plan

MDU RESOURCES GROUP INC

Capital investments total $3.1B for 2025-2029, a 15% increase over the 2024-2028 plan.
Electric and natural gas distribution investments to rise 47% vs. the 2020-2024 period.
Combined rate base expected to grow 7%-8% compounded annually, up from previously projected 7%.
Equity issuance to support growth now anticipated in 2026, earlier than previously expected 2027.
Long-term EPS growth target of 6%-8% reaffirmed with the enhanced capital plan.

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