MDU Resources reports Q4 adjusted EPS 61c, consensus 52c

Reports Q4 revenue $1.86B, consensus $1.5B. "Our businesses performed very well in 2022 and finished the year strong. We are particularly pleased with results in the latter half of the year as we saw our operational adjustments, including product pricing, offsetting inflationary pressures," said CEO David Goodin. "We see this momentum continuing into 2023 as we remain focused on safely and efficiently providing essential products and services to our customers while making great progress toward completing the planned spinoff of our construction materials business, Knife River Corporation, and the strategic review of our construction services business, MDU Construction Services Group. We are optimistic about the future as combined backlog at our construction businesses is at an all-time high of more than $3B, and we have $2.5B in capital investments planned within our regulated energy delivery businesses over the next five years."