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MDU Resources Talks 4Q, Exit from E&P Sector
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MDU Resources Group, Inc. reported its 4Q15 and full year 2015 results.
Highlights: New wind facility increases utility generation capacity to 20% renewable energy Construction materials reports record earnings Sale of exploration & production assets nearing completion Pipeline and midstream reports record transportation volumes for third consecutive year Construction businesses enter 2016 with strong combined backlog of $984 million New refinery operating in challenging commodity and market environmentMDU reported 2015 consolidated adjusted earnings of $180.0 million, or 92 cents per share, compared to $205.5 million, or $1.07 per share in 2014. Consolidated adjusted earnings in the fourth quarter were $48.6 million, or 25 cents per share, compared to $67.8 million, or 35 cents per…
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