MDU 2013 Earnings and 2014 Guidance Conference Call February 2014 RESOURCES Doran N. Schwartz Group, Inc. Vice President & Chief Financial Officer
Company Management Dave Goodin President & CEO of MDU Resources Dave Barney President & CEO of Knife River Corporation Steve Bietz President & CEO of WBI Energy Frank Morehouse President & CEO of Montana-Dakota Utilities, Great…
MDU David L. Goodin RESOURCES President & Chief Executive Officer Group, Inc.
Construction Materials & Services 2013 Earnings (millions) 103.1 Higher asphalt, aggregate and other product line margins and volumes at materials group 70.8 Higher workloads and margins in Western Region at services group Higher…
Outlook Substantially higher backlog totaling 915 million Strengthening markets in key areas Strong national indicators for business Public work expanding supported by transportation funding Expanded operations in North Dakota…
Electric & Natural Gas Utilities 2013 Earnings (millions) 15% higher natural gas retail sales volumes 72.5 Resulting from customer growth and colder weather 60.0 6% higher electric retail sales volumes Gain on sale of…
Outlook Record planned spending of approx. 1.3 billion over next five years Expect to grow rate base by approx. 9% compounded annually over next 5 years 70 million infrastructure investment in 2014 in Bakken area, higher customer…
Pipeline & Energy Services 2013 Adjusted Earnings (millions) Higher earnings from interest in 15.1 Pronghorn natural gas and oil 13.3 midstream assets Lower operations and maintenance expense Partially offset by: Lower storage…
Regulated Proposed Dakota Pipeline Building A Strong America
Outlook Pursuing liquid based midstream opportunities Purchased 50% interest in Pronghorn oil and natural gas midstream assets in western ND Joint venture to build and operate 20,000 BOPD Bakken diesel refinery, construction 40%…
Exploration & Production 2013 Adjusted Earnings (millions) 30% higher oil production 98.4 39% higher average realized natural gas prices 70.0 6% higher average realized oil prices Partially offset by: Lower realized commodity…
Outlook Expect to invest approximately 440 million in 2014 Focusing on higher return oil development plays Projecting 10% to 20% increase in oil production for 2014 Primary areas Bakken Paradox Basin Continued focus on adding a…
2014 Earnings per Share Guidance* 1.45 *On Adjusted and GAAP basis to 1.60 Note: As of Feb. 3, 2014 RESOURCES Building A Strong America
Capital Expenditures Growth 4.4B 3.2B Increase Cap Ex Construction E&P 39% Regulated next 5 years 2009-2013 2014-2018 Note: Excludes unidentified acquisitions and proposed 375-mile pipeline. RESOURCES Building A Strong…
Dividend Growth 76 76 consecutive years of Years quarterly dividend 0.71 payments Dividend increased November 2013, marking 0.48 23 consecutive years of increases Committed to paying a competitive dividend 2004 2005 2006 2007…
MDU Building A Strong America RESOURCES Group, Inc.
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