MDU Third Quarter Earnings Conference Call November 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 & CAO of MDU Resources Frank Morehouse President & CEO of…
MDU David L. Goodin RESOURCES President & Chief Executive Officer Group, Inc.
Consolidated Results Third Quarter Consolidated Results (millions) 2012 2013 GAAP earnings (29.8) 84.3 Discontinued operations .1 .1 Unrealized commodity derivatives loss .7 7.9 Write-down of oil and natural gas properties 100.9…
Construction Materials & Services Third Quarter Earnings (millions) Higher aggregates and asphalt 61.4 margins and volumes 51.8 Higher equipment sales and rental margins Higher workloads and margins in Central and Western regions…
Outlook Substantially higher backlog totaling 958 million Strengthening markets in key areas Strong national indicators for business Public work expanding supported by longer-term transportation funding Expanded operations in North…
Electric & Natural Gas Utilities Third Quarter Earnings (millions) Higher operations and maintenance 2.2 expense Higher payroll related to employee additions to further support customer growth and pipeline safety Higher…
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 70 million infrastructure investment in 2013 in Bakken area, higher customer counts and…
Pipeline & Energy Services Third Quarter Earnings (millions) Higher revenues from May 2012 gathering and processing facilities acquisition 5.3 Lower operations and maintenance expense 3.3 Higher transportation volumes…
Outlook Pursuing liquid based midstream opportunities Purchased 50% interest in Pronghorn oil and natural gas midstream assets in western ND Partnering on construction of a 20,000 BPD Bakken diesel topping plant LNG and ethane…
Exploration & Production Third Quarter Adjusted Earnings 37% higher oil production (millions) 25.3 18% higher average realized oil prices 22% higher average realized natural gas prices 13.8 Partially offset by: Realized…
Outlook Focusing on higher return oil development plays Projecting 30% to 35% increase in oil production for 2013 10% - 15% increase in fourth quarter 2013 Expect to invest approximately 400 million in 2013 Excluding closed…
Earnings per Share Guidance 2013 GAAP Basis 1.30 to 1.40 Adjusted Basis 1.35 to 1.45 Note: As of October 31, 2013 RESOURCES Building A Strong America
Capital Expenditures Growth 3.9B 3.1B Increase Cap Ex Construction E&P 25% Regulated next 5 years 2008-2012 2013-2017 Note: Excludes unidentified acquisitions and proposed 400-mile pipeline. RESOURCES Building A Strong…
Dividend Growth 0.69 76 Years 76 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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