A STRONG INFRASTRUCTURE Regulated IS THE HEART OF E&P Construction OUR ECONOMY Doran N. Schwartz Vice President and Chief Financial Officer MDU Resources Group, Inc. Building A Strong America 1
Steve Bietz President and CEO of WBI Holdings Dave Goodin G di ated E&P President and CEO of Montana-Dakota Utilities, Great Plains Natural Gas, Cascade Natural Gas and Intermountain Gas Constructtion Bill Schneider…
A STRONG INFRASTRUCTURE Regulated IS THE HEART OF E&P Construction OUR ECONOMY Terry D. Hildestad President and Chief Executive Officer MDU Resources Group, Inc. Building A Strong America 4
NATURAL GAS & 12% lower average realized OIL PRODUCTION natural gas prices Third Quarter Earnings Increased depreciation, (millions) depletion, and amortization expense 24 4 24.4 7% lower natural gas production 18.7 Higher lease…
Bakken Play Natural Gas & Oil Production Bakken East Nesson 16,000 net acres Production increased 24% for third quarter and 44% year-to-date compared to last year Current net production approx. 3,700 barrels of oil per day Bakken…
Niobrara Oil DJ BASIN Niobrara Oil Play Activity Samson O&G Chesapeake FEPC Shale Play Natural Gas & Oil Production EOG PLATTE FEPC GOSHEN Signed agreement with JD Rockies LARAMIE Resources Limited to sell 25% interest in…
Outlook Natural Gas & Oil Production Returns R driven di Capital Expenditures totaling 365 million in 2010 - Includes further exploitation of existing properties, leasehold acquisitions and acquisition of producing properties -…
PIPELINE & ENERGY Higher operation and SERVICES maintenance expense Third Quarter Earnings - Primarily resulting from a (millions) natural gas gathering arbitration charge 10.6 Lower volumes transported to 9.1* storage Lower…
Outlook Baker Storage Enhancement Ultimate expansion will add 125 MMcf/d Pipeline & Energy Services firm deliverability and pipeline takeaway capacity First phase to expand approximately 30% of ultimate expansion, subject to…
ELECTRIC & NATURAL Higher electric retail sales GAS UTILITIES margins and volumes Third Quarter Earnings Partially Offset by: (millions) - Higher operation and maintenance expense 1.2 - Increased depreciation, depletion and…
Rate Case Recovery Electric & Natural Gas Utilities Wyoming Wyoming PSC approved electric rate increase of 2 2.77 million annually effective May 1 Primarily related to costs of Wygen III North Dakota Rate case request of 11.5 million…
Transmission Growth Electric & Natural Gas Utilities Pursuing opportunities associated with potential development of high-voltage transmission lines and system enhancements to deliver renewable energy Merricourt Project Signed…
CONSTRUCTION MATERIALS & Decreased liquid asphalt oil CONTRACTING margins Third Quarter Earnings Lower asphalt and (millions) ( ) ready-mixed concrete 47.5 margins and volumes 40.3 Partially offset by: - Lower selling, general…
Outlook Construction Materials & Contracting Low cost structure - SG&A expenses ddown 34% ffor ttrailing ili 1212-months th ended d dSSept.t 30 30, comparedd tto 2006 annuall ated E&P expenses, the peak earnings year 48% of…
CONSTRUCTION SERVICES Lower construction workloads Third Quarter Earnings and margins in the Southwest (millions) region 7.3 ff by: Partially offset 6.0 - Higher construction workloads and margins in the Western and Mountain…
Outlook Construction Services Low cost structure - SG&A expenses down 30% for trailing 12-months ended Sept. 30, compared to 2008 annual expenses, the peak earnings year Sept. 30 backlog at 317 million, 53 million higher than last…
2010 Earnings Per Share Guidance 1.10 to 1.25 Note: As of October 27, 2010 Regulated E&P Construction MDU Resources Group, Inc. Building A Strong America 20
Total Annualized Shareholder Returns At September 30, 2010 10-Year Y Returns R 20 year 13% 7% 10 Year 7% 5% 5 Year -1% 1% 1 Year -1% 0% -5% 0% 5% 10% 15% MDU S&P 500 S&P 400 Regulated E&P Construction MDU…
A STRONG INFRASTRUCTURE Regulated IS THE HEART OF E&P Construction OUR ECONOMY MDU Resources Group, Inc. Building A Strong America 22
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