MDU RESOURCES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
MDU$19.28+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
Index
| Years ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| (In thousands, except per share amounts) | |||
| Operating revenues: | |||
| Electric, natural gas distribution and regulated pipeline | $1,789,637 | $1,736,397 | $1,390,992 |
| Non-regulated pipeline, construction services and other | 2,867,703 | 2,705,387 | 2,063,444 |
| Total operating revenues | 4,657,340 | 4,441,784 | 3,454,436 |
| Operating expenses: | |||
| Operation and maintenance: | |||
| Electric, natural gas distribution and regulated pipeline | 397,037 | 375,347 | 367,234 |
| Non-regulated pipeline, construction services and other | 2,573,835 | 2,450,347 | 1,842,697 |
| Total operation and maintenance | 2,970,872 | 2,825,694 | 2,209,931 |
| Purchased natural gas sold | 742,965 | 757,883 | 483,118 |
| Depreciation and amortization | 213,598 | 210,028 | 198,240 |
| Taxes, other than income | 196,046 | 186,173 | 157,991 |
| Electric fuel and purchased power | 107,881 | 92,007 | 74,105 |
| Total operating expenses | 4,231,362 | 4,071,785 | 3,123,385 |
| Operating income | 425,978 | 369,999 | 331,051 |
| Realized gain on tax-free exchange of the retained shares in Knife River | 186,556 | — | — |
| Other income | 41,672 | 11,228 | 25,724 |
| Interest expense | 114,308 | 80,698 | 70,709 |
| Income before income taxes | 539,898 | 300,529 | 286,066 |
| Income taxes | 59,473 | 49,761 | 43,544 |
| Income from continuing operations | 480,425 | 250,768 | 242,522 |
| Discontinued operations, net of tax | (65,718) | 116,721 | 135,609 |
| Net income | $414,707 | $367,489 | $378,131 |
| Earnings per share - basic: | |||
| Income from continuing operations | $2.36 | $1.23 | $1.20 |
| Discontinued operations, net of tax | (.32) | .58 | .67 |
| Earnings per share - basic | $2.04 | $1.81 | $1.87 |
| Earnings per share - diluted: | |||
| Income from continuing operations | $2.36 | $1.23 | $1.20 |
| Discontinued operations, net of tax | (.33) | .58 | .67 |
| Earnings per share - diluted | $2.03 | $1.81 | $1.87 |
| Weighted average common shares outstanding - basic | 203,640 | 203,358 | 202,076 |
| Weighted average common shares outstanding - diluted | 203,938 | 203,462 | 202,383 |
MDU Resources Group, Inc. Form 10-K 69
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.