Exploration & Production | General | Quarterly / Earnings Reports | First Quarter (1Q) Update
MDU Resources Increases Production Despite Severe Winter
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MDU Resources Group, Inc. has reported first quarter consolidated adjusted earnings of $60.8 million, or 32 cents per common share, compared to $60.1 million, or 32 cents per common share for the first quarter of 2013.
Consolidated GAAP earnings were $56.5 million, or 30 cents per common share, compared to $56.3 million, or 30 cents per common share for the first quarter of 2013. For an explanation of non-GAAP earnings adjustments, see the Reconciliation of GAAP to Adjusted Earnings and the Use of Non-GAAP Financial Measures sections later in this press release.
David L. Goodin, president and chief executive officer of MDU Resources said: "Our construction services group increased quarter-to-quarter earnings by 42 percent and our exploration and production business is continuing to grow…
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