Third Quarter Earnings Conference Call Regulated November 2012 MDU Resources Group, Inc. E&P Doran N. Schwartz Vice President and CFO Building A Strong America Construction 1
Company Management Steve Bietz President & CEO of WBI Energy Dave Goodin President & CEO of Montana-Dakota Utilities, Great Plains Natural Gas, Cascade Natural Gas & Intermountain Gas John Harp CEO of Knife River Corporation and MDU…
Regulated MDU Resources Group, Inc. E&P Terry D. Hildestad President and CEO Building A Strong America Construction 4
Consolidated Results Third Quarter Consolidated Results (millions) 2011 2012 GAAP earnings 63.8 (29.8) After-tax noncash write-down of oil and natural gas properties --- 100.9 Earnings excluding noncash write-down 63.8 71.1…
2012 Earnings Per Share Guidance* 1.05 to 1.20 Note: As of October 31, 2012 *Excludes effects of a noncash writedown of 100.9 million aftertax and benefit from an arbitration charge reversal of 15.0 million aftertax. Building…
Construction Materials & Services Third Quarter Earnings (millions) Higher construction margins 51.8 Higher asphalt oil margins and volumes Higher equipment sales and rental 38.2 margins Lower selling, general and administrative…
Outlook Materials & Services Strong national indicators for business - Housing starts up 15% in September compared to August - Construction spending 9% higher for first eight months of year compared to same period last year Two-year…
Electric & Natural Gas Utilities Third Quarter Earnings (millions) Lower operation and maintenance 2.2 expense Largely benefit-related 5% higher electric retail sales volumes Electric earnings grew 32% (2.9) Natural gas…
Outlook Electric & Natural Gas Utilities Rate base growth Plan to invest approx. 965 million during next 5 years Generating approx. 400 million additional rate base NDPSC approved advance determination of prudence for two projects…
Pipeline & Energy Services Third Quarter Earnings (millions) 5.2 Lower natural gas gathering volumes Higher operation and maintenance expense 3.3 Including higher payroll-related and legal costs Partially offset by: Higher…
Outlook Pipeline & Energy Services Pursuing liquid based midstream opportunities Purchased 50% interest in Pronghorn oil and natural gas midstream assets in western ND Exercised option to purchase land for proposed Bakken diesel…
Exploration & Production Third Quarter Earnings 37% lower natural gas production (millions) 20% lower average realized natural 22.5 gas prices 5% lower average realized oil prices Higher depreciation, depletion and amortization…
Outlook Texas Exploration & Production Strong recent well results 13,500 barrels per day average reached in October new weekly record Large inventory of oil-based drilling locations Projecting 25% to 30% increase in oil production…
Roadmap to Success Construction group on pace for a solid year Seeing positive indicators on national level for momentum to continue Anticipating further customer and load growth at our Utility particularly in the Bakken Pipeline…
Regulated MDU Resources Group, Inc. E&P Building A Strong America Construction 16
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