MDU Resources sees FY23 adjusted EBITDA $200M-$225M

L. Goodin, president and CEO of MDU Resources, said, “We expect our strong momentum to continue into the second half of the year as our utility and pipeline businesses have active regulatory schedules and a number of growth projects underway. Reflecting the robust start to the year, we are increasing our earnings guidance for our regulated energy delivery businesses from $140M-$150M up to $150M-$160M for 2023. Our construction services business had record performance through the first half of the year and a record second quarter backlog. We announced on July 10, following a strategic review, that we intend to pursue a tax-advantaged separation of MDU Construction Services Group as we work toward achieving our objective of becoming a pure-play regulated energy delivery business.”