MDU First Quarter Earnings Conference Call May 2013 RESOURCES Doran N. Schwartz Group, Inc. Vice President & Chief Financial Officer
Company Management Dave Barney President & CEO of Knife River Corporation Steve Bietz President & CEO of WBI Energy Nicole Kivisto Vice President, Controller & Chief Accounting Officer of MDU Resources Frank Morehouse President &…
MDU David L. Goodin RESOURCES President & Chief Executive Officer Group, Inc.
Consolidated Results First Quarter Consolidated Results (millions) 56.3 58% Earnings 35.6 Increase 2012 2013 EPS 0.19 0.30 Building A Strong America
Exploration & Production First Quarter Earnings 46% higher oil production (millions) 13% higher average realized natural gas prices 20.3 5% higher average realized oil prices Partially offset by: 12.9 33% lower natural gas…
Outlook Focusing on higher return oil development plays Projecting 25% to 30% increase in oil production in 2013 Expect to invest approximately 400 million in 2013 Primary areas Bakken Paradox Basin Texas Actively pursuing…
Electric & Natural Gas Utilities First Quarter Earnings (millions) 16% higher natural gas retail sales volumes Colder weather 42.3 2.9 million (after tax) gain on sale of 33.0 nonregulated appliance service and repair business…
Outlook Plan to invest approx. 1 billion during next 5 years Expect to grow rate base by approx. 6% compounded annually over next 5 years 75 million infrastructure investment in 2013, higher customer counts and increased loads in…
Pipeline & Energy Services First Quarter Earnings (millions) Lower natural gas gathering volumes 2.8 from existing operations 2.3 Partially offset by: Higher oil and natural gas gathering and processing volumes from May 2012…
Outlook Pursuing liquid based midstream opportunities Purchased 50% interest in Pronghorn oil and natural gas midstream assets in western ND Partnering to construct a 20,000 BPD Bakken diesel topping plant Potential for Paradox Basin…
Construction Materials & Services First Quarter Earnings (millions) 2012 2013 Higher equipment sales and rental margins Higher aggregate and asphalt margins Higher construction margins Partially offset by: (8.9) Lower services…
Outlook Strong national indicators for business Public work expanding supported by longer-term transportation funding/assistance Strengthening markets in key areas Substantially higher backlog Expanded operations in North Dakota…
Earnings per Share Guidance 2013 EPS by Quarter: 2nd Quarter: approx. 20% 1.30 3rd Quarter: approx. 30% to 4th Quarter: approx. 25% 1.40 Note: As of April 30, 2013 RESOURCES Building A Strong America
Capital Expenditures Growth 3.9B 3.1B Increase Cap Ex Construction E&P 26% Regulated next 5 years 2008-2012 2013-2017 Note: Excludes unidentified acquisitions. RESOURCES Building A Strong America
Dividend Growth 75 Years 0.69 75 consecutive years of quarterly dividend payments Dividend increased 0.45 November 2012, marking 22 consecutive years of increases Committed to paying a competitive dividend 2003 2004 2005 2006…
MDU Building A Strong America RESOURCES Group, Inc.
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