The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
BISMARCK, N.D., Feb. 14, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co. (MDU), has signed a purchase agreement to acquire a 49% ownership interest in the Badger Wind Farm. This acquisition represents 122.5 MW of the project's total 250 MW generation capacity. The purchase agreement is contingent on regulatory approval from the North Dakota Public Service Commission (NDPSC).
BISMARCK, N.D., Feb. 13, 2025 /PRNewswire/ -- MDU Resources Group Inc. (NYSE: MDU) announced today that its board of directors has elected Darrel T. Anderson to serve as its vice chair, effective immediately. Anderson has been an independent director of MDU Resources since 2023, and chairs the Board's Compensation and Human Capital Committee.
"Darrel's election as vice chair is the culmination of a planned succession process, continuing our track record of active planning for board succession and adherence to governance best practices," said Dennis W. Johnson, chair of MDU Resources' board of directors. "Darrel's extensive experience in the regulated utility industry is invaluable to the Board as it oversees management in executing on its strategy as a pure-play regulated energy delivery business and driving value for all MDU Resources' stockholders."
BISMARCK, N.D., Feb. 13, 2025 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today declared a quarterly dividend on the company's common stock of 13.0 cents per share, unchanged from the previous quarter. The dividend is payable on April 1 to stockholders of record as of March 13, 2025.
About MDU Resources Group, Inc.MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Founded in 1924 as a small electric utility, MDU Resources has grown to serve more than 1.2 million customers across eight states and is celebrating its 100th anniversary. Learn more at www.mdu.com/100th-anniversary. The Company operates in the Pacific Northwest and Midwest, constructing and operating infrastructure that delivers natural gas and electricity that energizes homes and businesses. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.
BISMARCK, N.D., Feb. 6, 2025 /PRNewswire/ -- MDU Resources Group Inc. (NYSE: MDU) today announced its financial results for 2024, showcasing strong year-over-year regulated growth. Key infrastructure projects and regulatory rate relief drove robust performance, positioning the company for continued success as a premier regulated energy delivery business following the successful spinoff of Everus Construction Group on Oct. 31, 2024.
BISMARCK, N.D., Jan. 16, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its year-end 2024 earnings conference call at 2 p.m. ET Feb. 6. The company will release its year-end results before U.S. financial markets open that day.
The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Year-End 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location.
BISMARCK, N.D., Nov. 21, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that it plans to make capital investments totaling $3.1 billion from 2025 through 2029, a 15% increase from 2024-2028.
"Our planned $3.1 billion capital investment from 2025 through 2029 reflects our commitment to providing safe and reliable service to our electric, natural gas and pipeline customers," said Nicole Kivisto, MDU Resources president and CEO. "By increasing our investments in electric and natural gas, we aim to support our growing customer base and modernize our infrastructure. At the same time, we will continue to optimize our pipeline operations and complete key projects driven by increasing customer demand. These strategic investments ensure we provide safe, reliable service while adapting to evolving market conditions."
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has elected Vernon A. Dosch as a director, effective Nov. 15, 2024.
Dosch, a respected leader with more than 45 years of expertise in the electric utility and broadband industries, brings a deep commitment to community and industry advancement.
"We are excited to welcome Vern to our board," said Dennis W. Johnson, chair of the board. "His dedication to industry innovation, community service, and proven ability to lead transformation initiatives in the utility sector will be an invaluable addition to our team. Vern's impressive track record of strategic planning, financial acumen, and relationship-building aligns with our commitment to excellence."
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE: MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings.
The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024.
Key Financial Highlights for Third Quarter 2024:
Electric earnings of $24.3 million, an increase of 16.3% over third quarter 2023.Pipeline record third quarter earnings of $15.1 million, up 27.0% from the same quarter last year.Construction services earnings of $41.8 million, a 16.1% increase from third quarter 2023.Increasing regulated energy delivery earnings guidance range to $180 million to $185 million.BISMARCK, N.D., Nov. 7, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported strong third quarter earnings, reflecting growth across the utility, pipeline and construction services businesses.
BISMARCK, N.D., Nov. 1, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the successful completion of the spinoff of its construction services subsidiary, Everus Construction Group (NYSE: ECG). As a result of the spin-off, Everus is now an independent public company.
"This achievement is truly remarkable, and a testament to the hard work and dedication of our employees," said Nicole Kivisto, president and CEO of MDU Resources. "The successful spinoff of Everus within two years of spinning off Knife River Corporation emphasizes our strategic vision for MDU Resources as a pure-play regulated energy delivery business. We expect this move will create value for our shareholders and allow each company to thrive independently."