Exploration & Production | Quarterly / Earnings Reports
MDU Resources Increases Production in Bakken With Completion Techniques
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MDU Resources Group, Inc. has reported third quarter consolidated adjusted earnings of $92.3 million, or 49 cents per share, compared to $71.9 million, or 38 cents per share in the third quarter of 2012.
Consolidated GAAP earnings were $84.3 million, or 44 cents per common share, compared to a loss of $29.8 million, or 16 cents per common share for the third quarter of 2012.
David L. Goodin, president and CEO of MDU Resources, said "We are seeing excellent results from our businesses' capital investments and strategic focus continuing the trend we have had for the last three quarters.
Our strong operations have produced 38 percent growth year-to-date in consolidated adjusted earnings per share compared to last year. These results reflect the value of our diversified model with all of our…
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