earnings
confidence high
sentiment positive
materiality 0.75
MDU Resources Q1 continuing ops EPS $0.40 vs $0.37 YoY; affirms 2025 guidance $0.88-$0.98
MDU RESOURCES GROUP INC
2025-Q1 EPS reported
$0.40
revenue$674,833,000
- Pipeline segment record Q1 earnings of $17.2M, up 13.9% on expansion projects and storage demand.
- Natural gas distribution earnings rose 11.5% to $44.7M on rate relief and colder weather; customer count up 1.5%.
- Electric segment earnings fell to $15.0M from $17.9M due to higher O&M from outages, partially offset by 25.1% higher retail volumes.
- Washington rate case approved: $29.8M annual increase Year 1, $10.8M Year 2; Montana interim rates $7.7M annual.
- 2025 EPS guidance reaffirmed at $0.88-$0.98; Bakken East pipeline open season completed, Baker Storage open season underway.