Published on 4 May 2024 on Zacks via Yahoo Finance
MDU Resources (MDU) Q1 Earnings Increase Y/Y, Sales Decline
MDU Resources Group Inc. MDU reported first-quarter 2024 operating earnings per share (EPS) of 52 cents, which increased 20.9% from the year-ago quarter’s 43 cents.GAAP EPS in the reported quarter was 49 cents compared with 41 cents in the prior-year period.
Total Revenues
Net sales decreased 15.1% to $1.21 billion from $1.43 billion in the comparable period of 2023.Operating revenues in the electric, natural gas distribution and regulated pipeline totaled $586 million, down 13.1% from the prior-year quarter’s figure. Revenues in the non-regulated pipeline, construction services and other segments fell 16.9% from the prior-year levels to $627.8 million.