MDU Resources Group (MDU) Misses Q2 EPS by 2c, Lowers FY PES Guidance
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MDU Resources Reports Second Quarter Earnings and Lowers 2015 Earnings Guidance
August 3, 2015 5:46 PM EDTConstruction materials has highest second quarter earnings since 2007, with 91 percent earnings improvement on 12 percent revenue growth; record backlog of $833Â million. Construction services backlog increased $108 million during second quarter, positioning for stronger 2016 despite current earnings impact related to delayed timing of backlog additions. Utility experiences warmer weather and higher operating costs; receives approval for advance determination of prudence on $220 million Thunder Spirit Wind project and has several rate cases pending. Commodity price environment results in lower refinery margins. Martin A. Fritz joins... More
