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MDU Resources Group, inc (MDU) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
MDU Resources Group, inc (MDU) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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Operator Hello. My name is Erica, and I will be your conference facilitator. At this time, I would like to welcome everyone to the MDU Resources Group 2021 First Quarter Conference Call. [Operator Instructions] This call will be available for replay beginning at 5:00 p.m. Eastern Time today through 11:59 p.m. Eastern Time on my May 20. The conference ID number for the replay is 2374997. Again, the conference ID number for the replay is 2374997. The number to dial for the replay is one (855) 859-2056 or (404) 537-3406. I would now like to turn the conference over to Jason Vollmer, Vice President and Chief Financial Officer of MDU Resources Group. Thank you. Mr. Vollmer, you may begin your conference. ....
MDU Resources Sees More Utility Growth, RNG Interest Bismarck, ND-based MDU Resources Group Inc. on Thursday reported record 2020 earnings across all of its businesses, including natural gas and power utilities in eight states. CEO David Goodin and senior executives said they expect continued growth in 2021 despite the Covid-19 pandemic as construction materials and services businesses accounted for nearly two-thirds of the nearly $400 million in earnings, a 16% hike from 2019, and a backlog of more than $600 million in construction-related contracts. Among the four, mostly natural gas, multi-state utilities, the gas operators are in discussions with various parties to expand MDU’s involvement in renewable natural gas (RNG) and launch some research and development projects on use of hydrogen in conjunction with gas distribution operations. ....