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MDU Resources (MDU) Q1 Earnings Top Estimates, Revenues Rise
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MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2018 operating earnings of 22 cents per share, beating the Zacks Consensus Estimate of 21 cents by a penny.
Operating earnings improved 22.2% from 18 cents in the year-ago quarter. The company’s utility and pipeline business delivered solid results. Revenues in the construction materials business ware higher than prior-year quarter’s level. The company’s results benefited on the back of milder weather conditions in the Northwest.
Total Revenues
Total revenues in the reported quarter were $976.3 million, up 4% from $937.9 million in the year-ago quarter.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
ONEOK Inc. (OKE - Free Report) posted first-quarter 2018 operating earnings of 64 cents per share, beating the Zacks Consensus Estimate of 62 cents by 3.32%
Upcoming Peer Release
South Jersey Industries, Inc. is expected to report first-quarter 2018 results on May 8. The Zacks Consensus Estimate for earnings is pegged at 96 cents.
Chesapeake Utilities Corp. (CPK - Free Report) is expected to report first-quarter 2018 results on May 9. The Zacks Consensus Estimate for earnings is pegged at $1.34 per share.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
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MDU Resources (MDU) Q1 Earnings Top Estimates, Revenues Rise
MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2018 operating earnings of 22 cents per share, beating the Zacks Consensus Estimate of 21 cents by a penny.
Operating earnings improved 22.2% from 18 cents in the year-ago quarter. The company’s utility and pipeline business delivered solid results. Revenues in the construction materials business ware higher than prior-year quarter’s level. The company’s results benefited on the back of milder weather conditions in the Northwest.
Total Revenues
Total revenues in the reported quarter were $976.3 million, up 4% from $937.9 million in the year-ago quarter.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
MDU Resources Group, Inc. Price, Consensus and EPS Surprise | MDU Resources Group, Inc. Quote
Highlights of the Release
In the quarter under review, operating expenses amounted to $906.9 million, up 4 % from $872.1 million in the prior-year quarter.
Operating income was $69.4 million, up 5.5%.
The company incurred interest expense of $20.5 million, up 1% from $20.3 million in first-quarter 2017.
Financial Highlights
Total debt was $1,780 million as of Mar 31, 2018, down from $1,703 million as of Mar 31, 2017.
The company’s net cash flow from operating activities was $106 million, down from $87 million in the year-ago quarter.
Guidance
MDU Resources reaffirmed 2018 guidance for earnings per share in the range of $1.25-$1.45.
The company plans to invest $631 million for capital projects in 2018
Zacks Rank
MDU Resources carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Gas Distribution Releases
ONEOK Inc. (OKE - Free Report) posted first-quarter 2018 operating earnings of 64 cents per share, beating the Zacks Consensus Estimate of 62 cents by 3.32%
Upcoming Peer Release
South Jersey Industries, Inc. is expected to report first-quarter 2018 results on May 8. The Zacks Consensus Estimate for earnings is pegged at 96 cents.
Chesapeake Utilities Corp. (CPK - Free Report) is expected to report first-quarter 2018 results on May 9. The Zacks Consensus Estimate for earnings is pegged at $1.34 per share.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>