MDU Resources Group (MDU) Misses Q2 EPS by 2c, Lowers FY PES Guidance

MDU Resources Group (NYSE: MDU) reported Q2 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $986.2 billion versus the consensus estimate of $1.08 billion.

MDU Resources Group sees FY2015 EPS of $0.85-$1.00, versus prior guidance of $1.05-$1.20 and the consensus of $1.09.

The adjustment is related to recent market dynamics driving commodity pricing affecting Dakota Prairie refinery, securing construction services backlog later than planned and warmer than normal winter weather at our utility. These factors were partially offset by stronger than expected performance at the construction materials business. Adjusted earnings per share guidance includes results from the company's utility, pipeline and energy services, and construction businesses and excludes results for its exploration and production business as well as other adjustments noted in the earnings reconciliation table in this release. Revised GAAP guidance, which is all-in, is expected to be a loss per share in the range of $1.90 to $2.05.

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

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