MDU Resources Group (MDU) Misses Q4 EPS by 11c

MDU Resources Group (NYSE: MDU) reported Q4 EPS of $0.42, $0.11 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.54 billion.

GUIDANCE:

MDU Resources Group sees FY2022 EPS of $2.00-$2.15, versus the consensus of $2.23.

• MDU Resources expects earnings per share in the range of $2.00 to $2.15 for 2022, based on these assumptions:
• Normal weather, including precipitation and temperatures, across all company markets.
• Electric and natural gas customer growth continuing at a rate of 1-2% annually.
• Earnings before interest, taxes, depreciation and amortization (EBITDA) in the range of $900 million to $950 million.
• Construction materials revenues in the range of $2.3 billion to $2.5 billion and construction services revenues in the range of $2.2 billion to $2.4 billion, with margins comparable to 2021.
• The company plans to invest $726 million for capital projects in 2022. The capital program is expected to be largely funded from operating cash flows in the range of $650 million to $700 million. Future acquisitions are not included in this amount and would be incremental to the capital program.

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

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