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MDU Resources Talks Earnings Increase, Paradox Basin Growth
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MDU Resources Group, Inc. reported 2013 consolidated adjusted earnings of $289.9 million, or $1.53 per share, compared to $218.9 million, or $1.16 per share in 2012.
Consolidated GAAP earnings were $278.2 million, or $1.47 per share, compared to a loss of $1.4 million, or 1 cent per share, in 2012.
Highlights: Construction services business reports record earnings with 36 percent increase Construction materials business increases earnings by 57 percent Utility natural gas sales increase 15 percent; electric retail sales grow 6 percent Oil production achieves target with 30 percent increase; Paradox acreage position expanded Open season launched for 375-mile proposed natural gas pipeline to move Bakken production Initial earnings guidance for 2014 of $1.45 to $1.60 per shareThe company…
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