MDU RESOURCES GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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Sep 30, 2024 · Filed Nov 7, 2024
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. Leases
Note 9 -Leases
The Company's leases primarily include operating leases for equipment, buildings, easements and vehicles. The Company leases certain equipment to third parties through its utility and construction services segments, which are considered short-term operating leases with terms of less than 12 months.
The Company recognized revenue from operating leases of $10.3 million and $30.3 million for the three and nine months ended September 30, 2024, respectively. The Company recognized revenue from operating leases of $11.2 million and $34.5 million for the three and nine months ended September 30, 2023, respectively. At September 30, 2024, the Company had $8.6 million of lease receivables with a majority due within 12 months.
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