Second Quarter Earnings Conference Call Regulated August 2012 MDU Resources Group, Inc. E&P Doran N. Schwartz Vice President and CFO Building A Strong America Construction 1
Company Management Dave Goodin President & CEO of Montana-Dakota Utilities, Great Plains Natural Gas, Cascade Natural Gas & Intermountain Gas Steve Bietz President & CEO of WBI Energy 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 Second Quarter Consolidated Results (millions) 2011 2012 GAAP Earnings 44.9 53.9 Arbitration charge reversal --- (15.0) Impairment of certain natural gas gathering assets --- 1.7 Earnings/Loss from…
Exploration & Production Second Quarter Earnings (millions) 36% lower average realized natural gas prices 21.3 27% decline in natural gas production 18.0 6% lower average realized oil prices Partially offset by: 32% increase in oil…
Outlook Texas Exploration & Production Projecting 25% to 30% increase in oil production in 2012 Expect to invest approximately 475 million this year in exciting plays to create increased oil exposure Primary Areas Bakken Paradox…
Electric & Natural Gas Utilities Second Quarter Earnings (millions) Decreased natural gas retail sales volumes resulting from warmer weather Negative 4.4 million earnings effect 6.7 Higher operation and maintenance expenses…
Outlook Electric & Natural Gas Utilities Rate base growth 85 million 88-MW simple cycle natural gas turbine in Mandan, ND NDPSC approved advance determination of prudence 125 million environmental upgrade to Big Stone Station NDPSC…
Pipeline & Energy Services Second Quarter Earnings (millions) 15.8* Reflects the net benefit of 15.0 million after tax related to natural gas gathering operations litigation Partially offset by: 4.8 Lower gathering volumes of 32%…
Outlook Pipeline & Energy Services Pursuing opportunities to provide oil and natural gas midstream services in oil plays Proposed Bakken diesel topping plant would process 20,000 bpd of crude Nearly 50% refined into diesel Would…
Construction Materials & Services Second Quarter Earnings (millions) Higher equipment sales and rental margins 16.5 Higher workloads and margins in Central region at services group 11.1 Higher construction margins at materials…
Outlook Materials & Services June 30 combined backlog of 980 million - Highway paving projects, airports, bridge work, reclamation, harbor expansion, substation and line construction, solar and other commercial, institutional and…
Earnings per Earnings per Share Share Guidance Guidance Note: As of April 30, 2012 Note: As of August 1, 2012 2012 EPS by Quarter: 1.00 3rd Quarter: approx. 35% to 4th Quarter: approx. 25% 1.25 M D U Building A Strong…
Capital Expenditures Growth 3.9B 2.7B Increase Cap Ex 44% next 5 years 20072011 20122016 Regulated E&P Construction Note: Excludes unidentified acquisitions. Building A Strong America M D U 15
Superior Shareholder Returns Total Annualized Shareholder Returns 10Year YTD 2% 9% 8% 3 Year 8% 10 Year 9% 5% 20 Year 12% 0% 5% 10% 15% MDU S&P 500 S&P 400 Note: At June 30, 2012 M D U 16
Regulated MDU Resources Group, Inc. E&P Building A Strong America Construction 17
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