MDU Resources reports Q4 adjusted EPS 48c vs. 53c last year

Reports Q4 revenue $106.3M from $98.4M last year. “Through the hard work and dedication of our employees, 2023 was truly an outstanding year for MDU Resources as we continue to transform our company,” said Nicole Kivisto, CEO. “In addition to successfully completing the spinoff of Knife River Corporation as we work toward becoming a pure-play regulated energy delivery company, we had record results across our remaining businesses. Our pipeline business had record earnings with continued system expansion and strong demand for storage services, and our utility business benefited from rate relief in certain jurisdictions as well as customer and demand growth. Our construction services business also had a fantastic year, with record revenue, earnings and EBITDA.”