MDU RESOURCES GROUP INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
MDU$19.28+0.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
Index
| Years ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| (In thousands, except per share amounts) | |||
| Operating revenues | $1,757,978 | $1,803,352 | $1,747,298 |
| Operating expenses: | |||
| Purchased natural gas sold | 630,403 | 742,965 | 757,883 |
| Electric fuel and purchased power | 141,148 | 134,779 | 119,405 |
| Operation and maintenance | 414,491 | 407,081 | 379,951 |
| Depreciation and amortization | 200,078 | 190,450 | 188,560 |
| Taxes, other than income | 106,216 | 103,133 | 100,629 |
| Total operating expenses | 1,492,336 | 1,578,408 | 1,546,428 |
| Operating income | 265,642 | 224,944 | 200,870 |
| Realized gain on tax-free exchange of the retained shares in Knife River | — | 186,556 | — |
| Other income | 41,367 | 33,454 | 3,260 |
| Interest expense | 108,347 | 104,624 | 80,683 |
| Income before income taxes | 198,662 | 340,330 | 123,447 |
| Income taxes | 17,589 | 10,213 | 6,195 |
| Income from continuing operations | 181,073 | 330,117 | 117,252 |
| Discontinued operations, net of tax | 100,035 | 84,590 | 250,237 |
| Net income | $281,108 | $414,707 | $367,489 |
| Earnings per share - basic: | |||
| Income from continuing operations | $.89 | $1.62 | $.58 |
| Discontinued operations, net of tax | .49 | .42 | 1.23 |
| Earnings per share - basic | $1.38 | $2.04 | $1.81 |
| Earnings per share - diluted: | |||
| Income from continuing operations | $.88 | $1.62 | $.58 |
| Discontinued operations, net of tax | .49 | .41 | 1.23 |
| Earnings per share - diluted | $1.37 | $2.03 | $1.81 |
| Weighted average common shares outstanding - basic | 203,867 | 203,640 | 203,358 |
| Weighted average common shares outstanding - diluted | 204,653 | 203,938 | 203,462 |
62 MDU Resources Group, Inc. Form 10-K
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