New insider activity at Mdu Resources Group ( (MDU) ) has taken place on February 11, 2025.
Director Dennis W. Johnson has made a significant investment in Mdu Resources Group by purchasing 30,000 shares of its stock. The transaction is valued at $499,200, demonstrating confidence in the company’s future prospects.
Recent Updates on MDU stock
MDU Resources Group’s recent earnings call and investor updates provided a complex picture of its financial health and strategic direction. The company reported strong growth in adjusted earnings per share, increasing by 22% year-over-year, and record performance in its pipeline segment, driven by increased transportation volumes and storage revenue. However, challenges were noted with a decline in GAAP earnings, attributed to costs associated with spin-offs, and a slight downturn in the natural gas segment due to higher operational expenses. The company’s forward guidance for 2025 anticipates earnings per share between $0.88 and $0.98, accounting for non-recurring items and dissynergies from the Everus spin-off. MDU’s substantial capital investment plans aim to bolster long-term growth through enhancements in its utility rate base and customer base expansion.
More about Mdu Resources Group
YTD Price Performance: -7.64%
Average Trading Volume: 1,981,783
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.38B