10-Q - MDU RESOURCES GROUP INC (0000067716) (Filer)

Thu, May 8, 12:39 PM (11 days ago)

**MDU Resources Group, Inc. (MDU) - Q1 2025 Financial Summary** **Ticker:** MDU **Q1 2025 Financial Health and Performance:** - **Revenue:** $674.8 million, up from $588.3 million in Q1 2024. - **Net Income:** $81.9 million, down from $100.9 million in Q1 2024. - **Earnings per Share (EPS):** $0.40, down from $0.50 in Q1 2024. - **Operating Income:** $112.9 million, up from $96.7 million in Q1 2024. - **Cash Flow from Operations:** $217.5 million, up from $165.1 million in Q1 2024. - **Capital Expenditures:** $93.0 million, down from $117.0 million in Q1 2024. **Profit Margins:** - **Operating Margin:** 16.7%, up from 16.4% in Q1 2024. - **Net Margin:** 12.1%, down from 17.1% in Q1 2024. **Segment Performance:** - **Electric:** Revenue up 4.4%, earnings down 16.2%. - **Natural Gas Distribution:** Revenue up 17.4%, earnings up 11.5%. - **Pipeline:** Revenue up 10.5%, earnings up 13.9%. **Trends and Uncertainties:** - **Inflation and Supply Chain:** Continued inflationary pressures and supply chain disruptions. - **Regulatory Environment:** Ongoing regulatory proceedings and rate cases. - **Environmental Compliance:** Increasing costs related to environmental regulations. **Future Operations Impact:** - **Capital Expenditures:** $536.3 million estimated for 2025, focusing on infrastructure upgrades and growth projects. - **Debt and Equity:** $580.0 million available borrowing capacity, with a focus on maintaining investment-grade credit ratings. **Outlook:** - **Growth:** Continued focus on organic growth and infrastructure investments. - **Challenges:** Managing inflation, regulatory uncertainties, and environmental compliance costs. **Conclusion:** MDU's Q1 2025 results show a mixed performance with increased revenues but decreased net income. The company is navigating inflationary pressures, regulatory challenges, and environmental compliance costs while focusing on growth and infrastructure investments. The outlook remains positive with a focus on maintaining financial strength and pursuing growth opportunities.