RESOURCES Group, Inc . Second Quarter Earnings Conference Call August 2014 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 Frank Morehouse President & CEO of Montana-Dakota…
RESOURCES Group, Inc . David L. Goodin President & Chief Executive Officer
Electric & Natural Gas Utilities Higher electric retail sales margins primarily Second Quarter Earnings related to recovery of costs for (millions) environmental upgrades 3.3 Electric sales grew 4% driven by strong customer growth…
Outlook Plan to invest approximately 1.3 billion during next 5 years Expect to grow rate base 9% compounded annually over next 5 years Large growth projects Potential projects for accommodating load growth in industrial and…
Pipeline & Energy Services Second Quarter Adjusted Earnings (millions) 5.8 Higher earnings from Pronghorn natural gas and oil midstream assets Higher transportation rates 2.6 Lower O&M expense Partially offset by: Lower storage…
Outlook FERC rate case settled with new rates implemented effective May 1, annual revenue increase approx. 11.5 million based on adjusted base case period volumes Liquid based midstream opportunities Construction of joint venture…
Construction Materials & Services Record second quarter earnings at Second Quarter Earnings Services (millions) Higher workloads and margins in Central 24.9 Region, primarily outside work 22.9 Higher aggregate margins and volumes…
Outlook 1.15 billion backlog as of June 30 Including higher backlog of 764 million at Materials Strengthening markets in key areas Capturing additional market share and expanding into new markets Highly-skilled specialized…
Exploration & Production Second Quarter Adjusted Earnings (millions) 14% higher oil production Primarily related to Powder River Basin 24.8 acquisition 22.5 Higher average realized oil prices More than offset by: Net reduction…
Outlook Returns Based Investment Philosophy Focus on oil growth projecting 10 to 15% increase this year Growth in Paradox, Bakken and Powder River Basin Capital expenditures of approximately 620 million 125 million in the Bakken,…
Record Capital Program 4.6B 3.2B Increase Cap Ex Construction E&P 43% Regulated over next 5 years 2009-2013 2014-2018 Note: Excludes unidentified acquisitions and proposed 375-mile pipeline.
Funding Plan for 2014 2014 Projected Capital Expenditures Totaling Approximately 1.1 Billion Funding Sources Previous Range Updated Range Operating cash flows 675M - 725M 600M - 650M Debt 200M - 250M 225M - 275M Asset sales 0 -…
Shareholder Returns Total Annualized Shareholder Returns MDU One Year 1 Year 39% 39% 16% 5 Year 28% 25% 25% 10 Year 11% 20 Year 14% MDU S&P 500 S&P 400 Peer Avg. Note: At June 30, 2014 RESOURCES Group, Inc .
2014 Earnings per Share Guidance* 1.50 to 1.65 *On Adjusted and GAAP basis as of August 4, 2014
Outlook Strong performance positioned for growth Utility record approx. 300 million capital program in 2014 driven by RESOURCES customer and load growth particularly in North Dakota Pipeline expanding its liquids-based midstream…
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