RESOURCES Group, Inc . First Quarter Earnings Conference Call May 2015 Doran N. Schwartz Vice President & Chief Financial Officer
Company Management Dave Goodin President & CEO of MDU Resources RESOURCES Dave Barney President & CEO of Knife River Corporation Steve Bietz President & CEO of WBI Energy Nicole Kivisto President & CEO of Montana-Dakota…
RESOURCES Group, Inc . David L. Goodin President & Chief Executive Officer
Electric & Natural Gas Utilities Lower natural gas and electric retail sales volumes First Quarter Earnings (millions) Primarily due to significantly warmer weather than last year, 6.6 million earnings impact 38.3 Partially offset…
Outlook Record capital program - plan to invest approximately 1.8 billion during next 5 years Expect to grow rate base by approximately 1.0 billion, 11% compounded annually over next 5 years Signed agreement to purchase 200 million,…
Pipeline & Energy Services Additional startup expenses related to Dakota Prairie refinery of 1.9 million after First Quarter Earnings (millions) tax for companys portion 4.3 Lower storage services earnings 4.0 Largely offset by:…
Outlook Record capital program - plan to invest approximately 1.1 billion during next 5 years Pursue additional pipeline, refinery and midstream opportunities Link Bakken production to Midcontinent markets Natural gas service to…
Construction Materials & Services Decreased construction workloads and First Quarter Loss margins in the Western Region at Services (millions) 1.4 million expense after tax associated 2014 2015 with the sale of underperforming…
Outlook 985 million combined work backlog as of March 31 Additional backlog has been secured since March 31 Revenue guidance of 1.7 billion to 1.9 billion for construction materials and 1.1 million to 1.3 billion for construction…
Exploration & Production First Quarter Loss Adjusted loss of 6.6 million excluding effects of 315.3 million after-tax noncash write-down and 7.0 million unrealized commodity derivative loss Earnings of 25.2 million for the same…
Outlook Plans to market and sell Fidelity Exploration & Production Company Allow funding of substantial opportunities at other lines of business including organic projects and acquisitions Pursue growth with a lower overall…
Record Capital Program Construction 3.9 B Pipeline Utility Increase Cap Ex 1.9 B 105% over next 5 years 2010-2014 2015-2019 Note: Excludes E&P capital expenditures. 14
Outlook Positioned for long-term growth Utility record approx. 1.8 billion 5-year capital program driven by customer and load growth RESOURCES Expect to grow rate base by 1.0 billion, 11% compounded annually over next 5 years…
2015 Earnings per Share Guidance Adjusted* * Excludes E&P 1.05 to 1.20 GAAP** Loss (0.65) to (0.80) ** Excludes potential future ceiling test impairments Note: As of May 4, 2015
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