Exploration & Production | Capital Markets | Capital Expenditure
MDU's Bakken Ops Lift Oil Production 59%; Talks CapEx
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MDU Resources Group Inc. reported a consolidated loss for 2012 of $1.4 million, or 1 cent per common share, compared to 2011 earnings of $212.3 million, or $1.12 per share.
Adjusted earnings were $216.8 million, or $1.15 per common share for 2012 compared to 2011 adjusted earnings of $225.2 million, or $1.19 per share. Refer to the Non-GAAP Financial Measures and Reconciliation of GAAP to Adjusted Earnings section beginning on page 15 of this press release.
The company reported a consolidated loss for the fourth quarter of $61.2 million, or 32 cents per share, compared to 2011 fourth quarter earnings of $60.8 million or 32 cents per share. Adjusted earnings were $76.0 million, or 40 cents per common share, compared to $73.9 million, or 39 cents per share in 2011.
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