Wednesday, July 31, 2013

MDU Earnings: Beat By One Cent

Press release here.
  • Adjusted earnings per share of 25 cents compared to 17 cents last year, 47 percent increase
  • GAAP earnings per share of 24 cents compared to 29 cents last year
  • E&P adjusted earnings improved 66 percent with oil production growth of 37 percent construction business improves earnings 39 percent and reports higher backlog of $1.2 billion
  • natural gas utility sees 14 percent increase in sales
  • electric utility has 4 percent growth in retail sales
  • pipeline and energy services group diesel topping plant construction well underway

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