MDU Resources Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 07:30 am EDT
Share
MDU Resources Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,720.9 million compared to USD 1,423.7 million a year ago. Revenue was USD 1,720.9 million compared to USD 1,423.7 million a year ago. Net income was USD 70.7 million compared to USD 100.2 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.5 a year ago.
For the six months, sales was USD 3,137.5 million compared to USD 2,651.6 million a year ago. Revenue was USD 3,137.5 million compared to USD 2,651.6 million a year ago. Net income was USD 102.4 million compared to USD 152.3 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.76 a year ago.
MDU Resources Group, Inc. is engaged in regulated energy delivery and construction services businesses. Its segments include Electric, Natural gas distribution, Pipeline, Construction services, and Other. The Electric segment generates, transmits and distributes electricity. The Natural gas distribution segment distributes natural gas. The Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States. The Construction services segment provides a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services across the United States. Its Other segment includes the activities of Centennial Capital, which, through its subsidiary InterSource Insurance Company, insures various types of risks as a captive insurer for certain of the Company's subsidiaries.
MDU RESOURCES GROUP, INC. 
