MDU Resources Group is a diversified natural resource company. Through its Montana-Dakota Utilities Co. subsidiary, Co. generates, transmits and distributes electricity as well as distributes...
Getting Beneath the Surface of SFAS 132R A defined-benefit pension plan requires a company to pay each qualified employee a monthly benefit that begins at retirement and terminates at the employee's death. The full extent of the cost of this obligation is unknown until the employee dies. Nevertheless,...
Stockerblog submits: North Dakota’s economy is mainly dependent on agriculture, 25% of its economic base to be more precise. Natural resources are the most valuable asset this state possesses. Consider the following key facts about North Dakota: It ranks number one nationally for its...
Dividend Inc. submits: There is a commonly told myth that says that companies that pay a dividend misallocate funds that could be used to generate new revenue or grow the company. According to this myth the lack of growth in the company will keep the stock's price low...
Stockerblog submits: Did you know that Wyoming has a district called the historic J.C. Penny JCP district? James Cash Penny established his first store in this state. Eventually, it grew to the chain known as J.C. Penny.Here are some interesting facts about Wyoming: by Stockerblog
Question-and-Answer Session[Operator Instructions]. Our first question comes from the line of Paul Patterson with Glenrock Associates. Paul Patterson - Glenrock Associates Good afternoon. Terry D. Hildestad - President, Chief Executive Officer and Chief Operating Officer Hi Paul. Paul Patterson - Glenrock Associates Hey. The reserves update you said that...
Question-and-Answer Session[Operator instructions]. Your first question comes from the line of Paul Patterson from Glenrock Associates. Paul Patterson - Glenrock Associates Good afternoon, guys. Terry D. Hildestad - Chief Executive Officer and President Good afternoon, Paul. Paul Patterson - Glenrock Associates Well, I wanted to sort of just based...
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Paul Patterson with Glenrock Associates. Paul Patterson - Glenrock Associates Good afternoon guys Terry D. Hildestad - President and Chief Executive Officer Hi Paul Paul Patterson - Glenrock Associates I wanted to just basic view on the acquisition...
Question-and-Answer Session[Operator Instructions] Your first question comes from the line of Paul Patterson with Glenrock Associates. Mr. Patterson, your line is open. Paul Patterson - Glenrock Associates I am sorry; can you here me now? Terry D. Hildestad - President, Chief Executive Officer and Chief Operating Officer Yes we...
Thomas Smicklas submits: I have had MDU Resources MDU as a holding in my Permanent Portfolio for a few years. The enterprise can't be pigeonholed as a basic materials company (which has been a prime factor, imo, of its stock price slump). Rather, MDU is a well-managed collection of puzzle...
BISMARCK, N.D. -- The MDU Resources Group (NYSE: MDU) board of directors today declared quarterly dividends on the company's common stock and preferred stock. The dividend for common stock is 15.5 cents per share, unchanged from the previous quarter. Dividends for preferred stock are: * $1.12-1/2...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) announced record third quarter financial results, with consolidated earnings from continuing operations of $118.2 million, compared to $104.3 million for the third quarter of 2007. Earnings per common share from continuing operations were 64 cents, compared to 57 cents in the third...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its third quarter 2008 earnings release conference call October 31 following the release of its results. Presenting the earnings results and guidance will be MDU Resources' Chief Executive Officer and President Terry D. Hildestad and Executive Vice President, Treasurer and...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) announced today that its acquisition of Intermountain Gas Company, a wholly-owned subsidiary of privately held Intermountain Industries, Inc., has been finalized. The enterprise value of the transaction, including indebtedness, is approximately $328 million. Intermountain Gas, headquartered in Boise, Idaho, serves...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) reports that its indirect wholly owned subsidiary, Fidelity Exploration & Production Company Fidelity, has completed a study of the quantities of its estimated probable and possible natural gas and oil reserves. The company previously reported year-end 2007 proved reserves of...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) will be presenting at the D.A. Davidson Engineering & Construction Conference Thursday, Sept. 18. MDU Resources' Executive Vice President, Treasurer and Chief Financial Officer Vernon A. Raile and President and Chief Executive Officer of Knife River Corporation, William E. Schneider, will present...
BISMARCK, N.D. -- Williston Basin Interstate Pipeline Company, the wholly owned natural gas transmission pipeline subsidiary of MDU Resources Group, Inc. (NYSE:MDU), will expand firm transportation capacity on its existing Grasslands Pipeline by 54 percent. The 253-mile Grasslands Pipeline was placed in service in late 2003, running from the Powder...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) today announced that Bill Connors has been named vice president - renewable resources, effective Sept. 1. Connors will lead the development of a corporatewide renewable resources investment strategy. He will focus on identifying potential investment opportunities that are complementary to...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) today announced that A. Bart Holaday and Thomas C. Knudson have been elected to the company's board of directors, effective Nov. 1. "Bart and Tom bring a wealth of valuable senior leadership experience that will help guide the continued growth...
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) announced record second quarter financial results, with consolidated earnings from continuing operations of $115.3 million, a 41 percent increase from $81.8 million for the second quarter of 2007. Earnings per common share from continuing operations were 63 cents, compared to 45 cents...
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