MDU RESOURCES GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
MDU$19.28+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income --
| MDU Resources Group, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statements of Income | ||||
| (Unaudited) | ||||
| Three Months Ended · Nine Months Ended | ||||
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share amounts) | ||||
| Operating revenues: | ||||
| Electric, natural gas distribution and regulated pipeline | $286,053 | $279,534 | $1,212,615 | $1,293,959 |
| Non-regulated pipeline, construction services and other | 764,463 | 721,261 | 2,099,271 | 2,228,061 |
| Total operating revenues | 1,050,516 | 1,000,795 | 3,311,886 | 3,522,020 |
| Operating expenses: | ||||
| Operation and maintenance: | ||||
| Electric, natural gas distribution and regulated pipeline | 101,308 | 99,295 | 307,697 | 296,818 |
| Non-regulated pipeline, construction services and other | 685,329 | 639,363 | 1,883,850 | 2,007,978 |
| Total operation and maintenance | 786,637 | 738,658 | 2,191,547 | 2,304,796 |
| Purchased natural gas sold | 53,377 | 55,967 | 406,569 | 542,848 |
| Electric fuel and purchased power | 25,210 | 28,966 | 87,543 | 73,755 |
| Depreciation and amortization | 56,160 | 53,146 | 167,791 | 158,877 |
| Taxes, other than income | 38,328 | 39,454 | 141,939 | 156,587 |
| Total operating expenses | 959,712 | 916,191 | 2,995,389 | 3,236,863 |
| Operating income | 90,804 | 84,604 | 316,497 | 285,157 |
| Unrealized gain on retained shares in Knife River | — | 30,150 | — | 170,170 |
| Other income | 13,838 | 8,918 | 42,287 | 29,251 |
| Interest expense | 29,466 | 32,129 | 86,780 | 82,541 |
| Income before income taxes | 75,176 | 91,543 | 272,004 | 402,037 |
| Income taxes | 13,017 | 13,325 | 48,373 | 92,311 |
| Income from continuing operations | 62,159 | 78,218 | 223,631 | 309,726 |
| Discontinued operations, net of tax | 2,456 | (3,289) | 2,319 | (65,752) |
| Net income | $64,615 | $74,929 | $225,950 | $243,974 |
| Earnings per share - basic: | ||||
| Income from continuing operations | $.31 | $.38 | $1.10 | $1.52 |
| Discontinued operations, net of tax | .01 | (.01) | .01 | (.32) |
| Earnings per share - basic | $.32 | $.37 | $1.11 | $1.20 |
| Earnings per share - diluted: | ||||
| Income from continuing operations | $.31 | $.38 | $1.10 | $1.52 |
| Discontinued operations, net of tax | .01 | (.01) | .01 | (.32) |
| Earnings per share - diluted | $.32 | $.37 | $1.11 | $1.20 |
| Weighted average common shares outstanding - basic | 203,888 | 203,638 | 203,852 | 203,633 |
| Weighted average common shares outstanding - diluted | 204,678 | 203,886 | 204,451 | 203,891 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.