MDU Resources Group (MDU) Misses Q2 EPS by 4c

MDU Resources Group (NYSE: MDU) reported Q2 EPS of $0.22, $0.04 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.12 billion.

MDU Resources reaffirmed that it expects earnings per share in the range of $1.25 to $1.45 in 2018, based on these assumptions:

• Normal operating conditions and weather conditions, including precipitation and temperatures, across all service areas.
• No significant acquisitions or divestitures.
• Investing $672 million for capital projects.
• Construction services revenues in the range of $1.45 billion to $1.60 billion and construction materials revenues in the range of $1.8 billion to $1.9 billion, with margins comparable to or slightly higher than 2017.

For earnings history and earnings-related data on MDU Resources Group (MDU) click here.

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