Third Quarter Earnings Conference Call November 2011 Building A Strong America Doran N. Schwartz Vice President & Chief Financial Officer 1
Steve Bietz President & CEO of WBI Holdings Dave Goodin Company p y President & CEO of Montana Montana-Dakota Dakota Utilities Utilities, Great Plains Management Natural Gas, Cascade Natural Gas & Intermountain Gas John Harp…
Building A Strong America Terry D. Hildestad President and CEO 4
Third Quarter Consolidated Results (Milli (Millions)) 60.8 63.8 2010* 2011 Diversified 2010 * 2011 earnings mix EPS .32 .34 *Includes natural gas pipeline arbitration charge of 26.6 million (16.5 million after tax, or .09…
NATURAL GAS & OIL PRODUCTION THIRD QUARTER 27% higher average realized oil prices EARNINGS 13% increase in oil pproduction (Millions) Partially offset by: - 9% lower natural gas prices 22.5 - Increased depreciation, depletion and 18.7…
Outlook Natural Gas & Oil Production Investing in exciting plays to create more liquids exposure Bakken Approx. pp 90,000 , net acres Plan to drill 15 wells investing approx. 60 million for operated and non-operated activity in…
PIPELINE & ENERGY SERVICES THIRD QUARTER EARNINGS Lower operation and maintenance (Millions) expense - Primarily related to absence of natural gas gathering arbitration charge in 2010 5.2 Partially offset by: - Lower storage…
Outlook Pipeline & Energy Services Bakken Opportunities Installation of additional compression at Charbonneau station completed in September Potential to add 27 MMcf of firm capacity Construction has begun on 12 miles of high…
ELECTRIC & NATURAL GAS Higher operation and maintenance UTILITY expense Largely benefit-related THIRD QUARTER EARNINGS (Millions) Higher income ta es taxes Increased depreciation, depletion and amortization expense 1.2 Partially…
Outlook Electric & Natural Gas Utilities Rate base growth Filed an advance determination of pprudence with NDPSC to construct,, own and operate an 88-MW simple cycle natural gas turbine Approx. 85 million project Pursuing…
CONSTRUCTION MATERIALS & CONTRACTING THIRD QUARTER EARNINGS Lower asphalt oil, asphalt and (Millions) construction margins Includes Minnesota state government shutdown in July and 40.3 weather-related delays 33.1 Higher income taxes…
Outlook Construction Materials & Contracting Sept. 30 backlog 448 million, compared to 464 million a year ago - Includes several highway paving projects, airports, bridge work, reclamation and harbor expansion projects -…
CONSTRUCTION SERVICES THIRD QUARTER EARNINGS Lower construction workloads and margins in the Mountain region (Millions) Lower margins in the Central region Partially offset by: - Higher equipment sales and rental 6.0 margins 5.1 -…
Outlook Construction Services SG&A expenses down more than 30% for the trailing 12-months 12 months ended Sept. Sept 30, 30 compared to 2008 annual expenses, the peak earnings year Sept. 30 backlog at 331 million, compared to…
Total Annualized Shareholder Returns At September 30, 2011 10Year Returns 1 Year 1% 9% 0% 5 Year 7% 10 Year 9% 11% 3% 20 Year 5% 0% 5% 10% 15% MDU S&P 500 S&P 400 Resources Group, Inc. Building A Strong America 16
Construction Its Time to GrOw Regulated E&P Investing substantially in exploration of exciting plays to gain q more liquids exposure p Current strategic growth projects include approx. 400,000 net acres of leaseholds…
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