Capital Markets | Capital Expenditure
MDU Unveils Five-Year Capital Budget Forecast
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MDU Resources Group, Inc. announced its capital expenditure forecast for 2016 through 2020.
David L. Goodin, president and CEO of MDU Resources, said: "With the imminent sale of our exploration and production business, MDU Resources will strategically shift to a lower-risk business model positioning us to grow our remaining businesses. Our planned five-year capital expenditure forecast reflects substantial growth at our utility group building on record historical growth over the past five years. Our forecast for 2016 through 2020 includes line-of-sight opportunities at our business units with potential acquisitions being incremental to our capital program, a change in approach from the forecast provided for 2015 through 2019. As additional opportunities are identified outside of our…
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