MDU Resources narrows 2018 earnings outlook, unveils five-year capex plan [Seeking Alpha]
MDU Resources Group, Inc. (Holding Company) (MDU)
Last mdu resources group, inc. (holding company) earnings: 7/30 04:25 pm
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US:NYSE Investor Relations:
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Source: Seeking Alpha
MDU Resources (NYSE: MDU ) narrows its FY 2018 EPS guidance range to $1.30-$1.45 vs. $1.38 analyst consensus estimate and announces a $2.6B capital investment plan for 2019-23. MDU says its capex plan at the pipeline and midstream business reflects a focus on organic growth with multiple natural gas pipeline projects already in the planning phases, including the Demicks Lake project in North Dakota and the expansion of Line Section 22 in Montana; the two projects will increase total natural gas transportation capacity by nearly 200M cf/day. The company expects its electric and natural gas utility to grow its rate base by ~5%/year over the next five years on a compound basis, and is in the process of completing its 2019 Integrated Resource Plan. Click to subscribe to real-time analytics on MDU Now read: Seadrill leads the losers in Energy/Material sector » Subscribe for full text news in your inbox
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MDU
Sec Filings
- 4/1/24 - Form 4
- 3/29/24 - Form ARS
- 3/29/24 - Form DEFA14A
- MDU's page on the SEC website