MDU Resources Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:35 am EDT
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MDU Resources Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,000.8 million compared to USD 1,002.5 million a year ago. Revenue was USD 1,000.8 million compared to USD 1,002.5 million a year ago. Net income was USD 74.9 million compared to USD 147.9 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.21 a year ago. Basic earnings per share was USD 0.37 compared to USD 0.73 a year ago. Diluted earnings per share was USD 0.37 compared to USD 0.73 a year ago.
For the nine months, sales was USD 3,522 million compared to USD 3,119.3 million a year ago. Revenue was USD 3,522 million compared to USD 3,119.3 million a year ago. Net income was USD 244 million compared to USD 250.4 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 0.72 a year ago. Basic earnings per share was USD 1.2 compared to USD 1.23 a year ago. Diluted earnings per share was USD 1.2 compared to USD 1.23 a year ago.
MDU Resources Group, Inc. is engaged in regulated energy delivery and construction services businesses. Its segments include Electric, Natural gas distribution, Pipeline, Construction services, and Other. The Electric segment generates, transmits and distributes electricity. The Natural gas distribution segment distributes natural gas. The Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States. The Construction services segment provides a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services across the United States. Its Other segment includes the activities of Centennial Capital, which, through its subsidiary InterSource Insurance Company, insures various types of risks as a captive insurer for certain of the Company's subsidiaries.
MDU RESOURCES GROUP, INC. 
