MDU Resources Group (MDU) Misses Q1 EPS by 1c

MDU Resources Group (NYSE: MDU) reported Q1 EPS of $0.21, $0.01 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1 billion.

GUIDANCE:

MDU Resources Group sees FY2019 EPS of $1.40-$1.55, versus the consensus of $1.49.

• Normal operating, economic and weather conditions, including precipitation and temperatures, across all service areas for the remainder of the year.
• No significant acquisitions or divestitures.
• Investing $644 million for capital projects.
• Construction services revenues in the range of $1.40 billion to $1.55 billion, which is $50 million higher than previously assumed, and construction materials revenues in the range of $2.0 billion to $2.15 billion, with margins comparable to or slightly higher than 2018.

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

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