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MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2017 operating earnings of 18 cents per share, missing the Zacks Consensus Estimate of 19 cents by 5.26%.
However, earnings improved 12.5%from the year-ago tally of 16 cents. This improvement was due to cost recovery efforts, higher electric and natural gas sales volumes.
Total Revenue
MDU Resources’ total revenue for the reported quarter was $937.9 million, surpassing the year-ago figure of $860.2 by 9%.
Quarterly Highlights
In the quarter under review, MDU Resources’ operating expenses amounted to $870.8 million, up 9.1% from $798.2 in the prior-year quarter.
Operating income came in at $67.1 million in the first quarter, up 8.2%.
The company incurred interest expense of $20.3 million, compared with $22.9 million in first-quarter 2016.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
Total debt was $1,703 million as of Mar 31, 2017, down from $1,858 million as of Mar 31, 2016.
The company’s cash flow from operating activities as of Mar 31, 2017 was $87 million, up from $46 million in the year-ago period.
Guidance
MDU Resources has reaffirmed 2017 earnings per share guidance in the range of $1.10–$1.25.
The company's long-term compound annual growth goal on earnings per share is 5–8%. Capital expenditure in 2017 is estimated to be $519 million. The company aims to invest $2,227 million in 2017–2021 time period.
Peer Releases
Atmos Energy Corporation (ATO - Free Report) first-quarter 2017 earnings of $1.52 per share outpaced the Zacks Consensus Estimate of $1.42 by 7.04%.
Clean Energy Fuels Corp. (CLNE - Free Report) reported first-quarter 2017 operating earnings of 40 cents per share, outpacing the Zacks Consensus Estimate of a loss 13 cents by 407.7%.
ONEOK, Inc. (OKE - Free Report) reported first-quarter 2017 operating earnings of 41 cents per share, missing the Zacks Consensus Estimate of a loss 45 cents by 8.89%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
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MDU Resources (MDU) Misses Q1 Earnings, Reaffirms Guidance
MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2017 operating earnings of 18 cents per share, missing the Zacks Consensus Estimate of 19 cents by 5.26%.
However, earnings improved 12.5%from the year-ago tally of 16 cents. This improvement was due to cost recovery efforts, higher electric and natural gas sales volumes.
Total Revenue
MDU Resources’ total revenue for the reported quarter was $937.9 million, surpassing the year-ago figure of $860.2 by 9%.
Quarterly Highlights
In the quarter under review, MDU Resources’ operating expenses amounted to $870.8 million, up 9.1% from $798.2 in the prior-year quarter.
Operating income came in at $67.1 million in the first quarter, up 8.2%.
The company incurred interest expense of $20.3 million, compared with $22.9 million in first-quarter 2016.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
MDU Resources Group, Inc. Price, Consensus and EPS Surprise | MDU Resources Group, Inc. Quote
Financial Condition
Total debt was $1,703 million as of Mar 31, 2017, down from $1,858 million as of Mar 31, 2016.
The company’s cash flow from operating activities as of Mar 31, 2017 was $87 million, up from $46 million in the year-ago period.
Guidance
MDU Resources has reaffirmed 2017 earnings per share guidance in the range of $1.10–$1.25.
The company's long-term compound annual growth goal on earnings per share is 5–8%. Capital expenditure in 2017 is estimated to be $519 million. The company aims to invest $2,227 million in 2017–2021 time period.
Peer Releases
Atmos Energy Corporation (ATO - Free Report) first-quarter 2017 earnings of $1.52 per share outpaced the Zacks Consensus Estimate of $1.42 by 7.04%.
Clean Energy Fuels Corp. (CLNE - Free Report) reported first-quarter 2017 operating earnings of 40 cents per share, outpacing the Zacks Consensus Estimate of a loss 13 cents by 407.7%.
ONEOK, Inc. (OKE - Free Report) reported first-quarter 2017 operating earnings of 41 cents per share, missing the Zacks Consensus Estimate of a loss 45 cents by 8.89%.
Zacks Rank
MDU Resources Group Inc. carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>