2011 Earnings Results and 2012 Guidance Conference Call February 2012 Building A Strong America Doran N. Schwartz Vice President & Chief Financial Officer
Steve Bietz President & CEO of WBI Holdings Dave Goodin Company President & CEO of Montana-Dakota Utilities, Great Plains Natural Gas, Cascade Natural Gas & Intermountain Gas Management John Harp CEO of MDU Construction Services…
Building A Strong America Terry D. Hildestad President and CEO
Consolidated Results Continuing Operations (Millions) 243.3 225.2 2010* 2011** 2010* 2011** Diversified EPS 1.29 1.19 earnings mix * Includes a gain on the sale of Brazilian assets of 13.8 million after tax, or .07 per…
EXPLORATION & PRODUCTION 12% lower average realized natural EARNINGS gas prices (Millions) 10% decline in natural gas production Increased depreciation, depletion and 85.6 amortization expense 80.3 Increased lease operating expenses…
Outlook Exploration & Production Projecting 20% to 30% increase in oil production in 2012 Investing 400 million this year in exciting plays to create more oil exposure Bakken Approx. 95,000 net acres Approx. 160 million in capital…
Increased natural gas retail sales ELECTRIC & NATURAL GAS volumes and margins UTILITY EARNINGS Higher electric retail sales margins (Millions) and volumes Partially offset by: Higher operation and maintenance 65.9 67.6 expense…
Outlook Electric & Natural Gas Utilities Rate base growth Settlement agreement for advance prudency filed with NDPSC to construct an 88-MW simple cycle natural gas turbine in Mandan, ND Approx. 85 million project Settlement…
PIPELINE & ENERGY SERVICES EARNINGS Lower storage services revenues (Millions) - Following two consecutive years of record storage volumes 23.2* 23.1 Decreased transportation volumes Lower gathering volumes Partially offset by: -…
Outlook Pipeline & Energy Services Opportunities in Bakken/Oil Development Areas Preparations underway to construct 13 miles of high pressure transmission pipeline from Stateline I and II to Northern Border Pipeline Projected…
CONSTRUCTION MATERIALS & CONTRACTING EARNINGS (Millions) Lower liquid asphalt oil margins Lower ready-mixed concrete margins Lower other product line margins 29.6 26.4 Partially offset by: - Increased construction margins - Lower…
CONSTRUCTION SERVICES EARNINGS Higher workloads and margins in Western region (Millions) Higher equipment sales and rental margins 21.6 Decreased general and 18.0 administrative expense Partially offset by: - Lower workloads and…
Outlook Construction Materials & Services Dec. 31 combined backlog of 692 million - Highway paving projects, airports, bridge work, reclamation and harbor expansion projects - Substation and line construction, solar and other…
Total Annualized Shareholder Returns At December 31, 2011 1-Year Returns 10-Year Returns 9% 9% 7% 2% 3% -2% MDU S&P 500 S&P 400 MDU S&P 500 S&P 400 Resources Group, Inc. Building A Strong America
2012 EPS by Quarter: Earnings per Share 1st Quarter: 15% Guidance 2nd Quarter: 15% 3rd Quarter: 40% 4th Quarter: 30% 1.00 to 1.25 Note: Figures are approximations as of February 2, 2012 MDU Resources Group, Inc. Building A…
Construction Regulated Its Time to GrOw E&P In excellent position to take advantage of growth opportunities Approx. 600 million in available liquidity in addition to 163 million in cash on hand at year-end Significant investment in…
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