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Oh, bless your heart. I didn't stop to think what it must be like for those of you who have to spend the night.
Truly, I am not that insensitive most times. Forgive me, please.
I'll keep you in my prayers. Perhaps that will help you during the long, dark, cold nights. ;)
MDU Attracts Shorts....
According to short interest data from NYSE, short interest for MDU Resources Group, Inc. INCREASED 55.1% to 1,186,409 shares for the month ended mid-July, 2003.
Based on MDU's 20-day average daily share volume of 214,040, it would require approximately 6 day(s) of buying to cover this short interest.
Going into the last week of July...
it will be interesting to see the results for the entire month.
Thanks to all of you for the great entertainment! This is, by far...the funniest board on iHub.
I especially like the sound effects.
Carry on! ROFL
From Reuters....MDU Resources Second Quarter Earnings Up Sharply.
NEW YORK, July 24 (Reuters) - MDU Resources Group Inc. (NYSE:MDU - News), an energy company that also operates electric and gas utilities, said on Thursday its quarterly earnings rose sharply, helped by higher prices for oil and natural gas.
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The Bismarck, North Dakota company reported second-quarter net income of $43.3 million, or 58 cents per share, up from $24.7 million, or 35 cents per share, a year ago.
Wall Street analysts had expected the company to report earnings of between 44 cents and 61 cents per share with an average view of 51 cents per share, according to Reuters Research, a unit of Reuters Plc.
In light of the rise in energy prices, MDU said it raised its earnings outlook for the year to a range of $2.20 to $2.45 per share. Including the effect of an accounting change, it expects to earn between $2.10 and $2.35 per share.
The Reuters Research estimate is $2.36 a share.
MDU Resources Announces 2nd Quarter Earnings and Increases Guidance!
BISMARCK, N.D.--(BUSINESS WIRE)--July 24, 2003--MDU Resources Group, Inc. (NYSE:MDU - News) announced financial results for the three months ended June 30, 2003, showing consolidated earnings of $43.3 million, compared to $24.7 million for the same period last year. Earnings per common share, diluted, totaled 58 cents, compared to 35 cents per common share, diluted, for the second quarter of 2002.
ADVERTISEMENTEarnings for the six months ended June 30, 2003, totaled $63.2 million or 85 cents per common share, diluted. Earnings for the first six months of 2002 totaled $48.2 million or 68 cents per common share, diluted. However, 2003 earnings reflect a $7.6 million after-tax noncash transition charge to earnings reflecting the cumulative effect of the change in accounting for asset retirement obligations as required by the adoption of Statement of Financial Accounting Standards No. 143. In addition, 2002 earnings included the effects of a compromise agreement that resulted in a $16.6 million after-tax gain. Excluding the 2003 $7.6 million accounting charge and the 2002 $16.6 million compromise agreement, 2003 earnings would have totaled $70.8 million versus $31.6 million for the first six months of 2002.
Due to the continued strength of natural gas and oil commodity prices and its recent construction materials acquisition, the company is increasing its 2003 earnings per share guidance. Earnings per common share, diluted, before the cumulative effect of the accounting change discussed above, are now projected to be in the range of $2.20 to $2.45. Including the cumulative effect of the $7.6 million after-tax accounting change, earnings per common share, diluted, for 2003 are expected to be in the range of $2.10 to $2.35.
"I am pleased to announce that our earnings per share are up 66 percent for this quarter compared to the second quarter of 2002," said Martin A. White, chairman of the board, president and chief executive officer of MDU Resources. "Energy prices have been strong, and our construction materials company is having an even better year than 2002, which was a record year," White said. "Even though the economy has been challenged to recover this year and some businesses are still seeing the negative effects, our companies are doing quite well. We provide the goods and services that are essential to our country's infrastructure, which is the foundation of all businesses and a strong economy."
MDU acquires Texas companies!
MDU Resources Announces Acquisition of Young Brothers
11 Jul 2003, 3:17pm ET
- - - - -
BISMARCK, N.D.--(BUSINESS WIRE)--July 11, 2003--MDU Resources Group, Inc. (NYSE:MDU) announced the acquisition of Young Brothers, Inc., Contractors and the affiliated companies of Young Contractors, Inc., Young Materials Corp. and Brazos Motor Transport, Inc., privately held ready-mixed concrete, asphalt and construction materials and services companies serving East Central Texas. These companies will become subsidiaries of Knife River Corporation, the construction materials and mining subsidiary of MDU Resources. Young Brothers was acquired with a combination of shares of MDU Resources common stock and cash. Other financial details of the transaction were not disclosed. MDU Resources anticipates that the acquisition will be accretive to earnings per share.
Young Brothers, with headquarters in Waco, Texas, and additional offices in Bryan, Texas, is a leading construction materials company in its market. The company supplies and places ready-mixed concrete, asphalt, crushed stone and sand and gravel for highways, subdivisions and a variety of other projects in 27 central Texas counties, including the metropolitan areas of Waco, Bryan/College Station, Temple, Killeen and Tyler.
F.M. Young, B.W. Young and R.T. Young started Young Brothers in 1946 as an aggregate and earthmoving business. In 2002, the company had annual revenues of about $87 million. The company employs approximately 650 people during peak construction season.
"This acquisition broadens our geographic reach in the United States and gives us a large, leading operation in a Sun Belt state," said Terry Hildestad, president and chief executive officer of Knife River Corporation. "Young Brothers' operations will be a nice fit with the rest of our construction materials companies."
Hildestad said the company will continue to be operated as Young Brothers. F.M. Young will continue to serve as the president. "We're happy to be joining Knife River Corporation," said Young. "We're excited about the opportunity to collaborate with so many other companies that have a reputation for high-quality products and services, as well as a reputation for operating with integrity."
2nd quarter conference call 7/24...
MDU Resources Announces Second Quarter Earnings Release Conference Call Webcast
Wednesday July 9, 12:48 pm ET
BISMARCK, N.D.--(BUSINESS WIRE)--July 9, 2003--MDU Resources Group, Inc. (NYSE:MDU - News) announced today that it would participate in a webcast of its second quarter 2003 earnings release conference call on Thursday, July 24. MDU Resources' Chairman of the Board, President and Chief Executive Officer Martin A. White will present earnings results and earnings guidance.
The webcast scheduled for July 24, 2003, begins at 12:00 p.m. CDT. The online replay will be available beginning at 3:00 p.m. CDT on July 24. The event can be accessed at http://www.mdu.com.
An audio postview replay is also available beginning at 3:00 p.m. CDT on July 24 through July 31, 2003. The dial in number for postview is (888) 203-1112; confirmation code 210994.
Ouch! MO taking a hit ....
here's info from Prudential Securities...
9 Jul 2003, 07:32am ET
MO: Reit Buy - This afternoon, an Illinois appeals court heard arguments regarding the modified bond that PM USA posted following the judgment in the Price/Miles class action. Based on our conversations with people in attendance, the arguments could have gone better for PM USA. We believe that the 5th District, a court that we have long felt would represent a difficult forum for PM USA, may rule that Judge Byron did not have discretion to modify the amount of the appeal bond. However, the judges on the panel did suggest that the court would be willing to stay execution of the judgment until the Illinois Supreme Court ruled on the matter. If the court does rule that Judge Byron should not have modified the bond order and stays the execution, the net effect of these two rulings is simply bouncing the matter to the Illinois Supreme Court. Given the volatility this issue has displayed in the past, we believe that the 5th District may simply opt to take a pass in the manner outlined above.
How nice. I have the honor of posting the first message on the MO board.
This stock is on a roll. Go MO!
Well, let's try that again... MDU adds to web site...
MDU Resources Adds Corporate Governance Section to Web Site
Monday July 7, 11:39 am ET
BISMARCK, N.D.--(BUSINESS WIRE)--July 7, 2003--MDU Resources Group, Inc. (NYSE:MDU - News) announced that effective June 30 a corporate governance section had been added to its web site, www.mdu.com. The new section includes information on accountability and integrity; biographical information on the board of directors; charters for the audit, compensation, nominating and governance, and finance committees of the board as well as a list of the members of each of those committees; the company's code of ethics; Securities and Exchange Commission (SEC) filings and SEC Forms 3, 4 and 5 which report purchases and sales of MDU Resources stock by company officers and directors.
"In our 2002 Annual Report we outlined practices we planned to adopt during 2003 to enhance our corporate accountability," said Martin A. White, chairman of the board, president and chief executive officer of MDU Resources. "With the addition of this section to our web site, we have accomplished this goal. This section of the site will be changing over time as new rules and regulations regarding corporate governance evolve. Our board of directors was very supportive of this project and as a result the information we've chosen to include in this new section goes beyond the information required by law at this time. At MDU Resources, our goal has always been to not only comply with the law, but to go beyond what is required. I believe being a good corporate citizen requires that we provide information on the principles that guide our board, board committees and employees to our stockholders and the general public."
MDU Resources Group, Inc. provides energy, value-added natural resource products and related services that are essential to our country's energy, transportation and communication infrastructure. MDU Resources includes electric and natural gas utilities, a natural gas pipeline, utility services, natural gas and oil production, construction materials and mining, energy services and domestic and international independent power production. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the investor relations department at investor@mduresources.com.
.
MDU Resources Adds Corporate Governance Section to Web Site
Monday July 7, 11:39 am ET
BISMARCK, N.D.--(BUSINESS WIRE)--July 7, 2003--MDU Resources Group, Inc. (NYSE:MDU - News) announced that effective June 30 a corporate governance section had been added to its web site, www.mdu.com. The new section includes information on accountability and integrity; biographical information on the board of directors; charters for the audit, compensation, nominating and governance, and finance committees of the board as well as a list of the members of each of those committees; the company's code of ethics; Securities and Exchange Commission (SEC) filings and SEC Forms 3, 4 and 5 which report purchases and sales of MDU Resources stock by company officers and directors.
"In our 2002 Annual Report we outlined practices we planned to adopt during 2003 to enhance our corporate accountability," said Martin A. White, chairman of the board, president and chief executive officer of MDU Resources. "With the addition of this section to our web site, we have accomplished this goal. This section of the site will be changing over time as new rules and regulations regarding corporate governance evolve. Our board of directors was very supportive of this project and as a result the information we've chosen to include in this new section goes beyond the information required by law at this time. At MDU Resources, our goal has always been to not only comply with the law, but to go beyond what is required. I believe being a good corporate citizen requires that we provide information on the principles that guide our board, board committees and employees to our stockholders and the general public."
MDU Resources Group, Inc. provides energy, value-added natural resource products and related services that are essential to our country's energy, transportation and communication infrastructure. MDU Resources includes electric and natural gas utilities, a natural gas pipeline, utility services, natural gas and oil production, construction materials and mining, energy services and domestic and international independent power production. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the investor relations department at investor@mduresources.com.
Hmmm...most peculiar. They say memory is the first to go.
I just don't believe in coincidences, however.
Comment?
MDU's estimated earnings raised......
D.A. Davidson & Co. (MDU)
2 Jul 2003, 08:04am ET
MDU: reit` buy - We are raising our earnings estimates for MDU Resources by $0.30 per share for 2003 and 2004 as shown below. Our higher estimates are based on higher average realized price assumptions for natural gas equivalents. For the second half of 2003, we are raising our price assumption by $1.00 per thousand cubic feet (mcfe). Hence, we estimate MDU`s average realized price for 2003 will be $4.01 per mcfe. Our 2004 average price assumption is being raised to $3.64 per mcfe.
Hey Bear_with_clogs...
Who is Jerryjdsu??
Copied from RB MDU .....
By: SYD.....MARSHAL
06 Mar 2003, 01:41 AM EST
Shareholders of MDU
We forgot to inform all that, two weeks ago, Value Line has raised their estimate for FY 03 by .15, saying that higher NG prices would more than erase decreases in the construction business.
A Miner Miracle! Couldn't have been greeted with any better news this morning than to know those nine men are alive and well.
Have a great day everybody!
MDU Resources Announces Second Quarter Earnings Release Conference Call
17 Jul 2002, 12:20pm ET
BISMARCK, N.D.--(BUSINESS WIRE)--July 17, 2002--MDU Resources
Group, Inc. (NYSE:MDU) announced today that it would participate in a
webcast of its second quarter earnings release conference call. MDU
Resources' Chairman, President and Chief Executive Officer Martin A.
White and Executive Vice President, Treasurer and Chief Financial
Officer Warren L. Robinson will host the call.
The conference call is scheduled for July 24, 2002, beginning at
12:00 noon CDT. The online replay will be available beginning at 4:00
PM CDT on July 24, 2002, and continuing through August 7, 2002. The
event can be accessed at www.mdu.com. Listeners should go to the Web
site up to 15 minutes before the event to register and download any
necessary audio software.
An audio postview replay is also available beginning at 4:00 PM
CDT on July 24 through July 31, 2002. The dial in number for postview
is (719) 457-0820; reservation number 694382.
MDU Resources Group, Inc. provides energy, value-added natural
resource products and related services that are essential to our
country's energy, transportation and communication infrastructure. MDU
Resources includes electric and natural gas utilities, a natural gas
pipeline, utility services, natural gas and oil production,
construction materials and mining, and energy services. For more
information about MDU Resources, see the company's Web site at
www.mdu.com or contact the investor relations department at
investor@mduresources.com.
26 Mar 2002,
MDU Resources Selects Independent Auditors
BISMARCK, N.D., Mar 26, 2002 (BUSINESS WIRE) -- MDU Resources Group, Inc. (NYSE:MDU) announced it has selected Deloitte & Touche LLP as its independent auditors for 2002. The Board of Directors of MDU Resources made the selection at a special meeting.
Deloitte & Touche will begin working with MDU staff immediately to become familiar with company operations and will be responsible for reviewing first quarter 2002 financial results. First quarter results are expected to be announced April 23 at the MDU Resources' Annual Meeting of Stockholders.
MDU Resources' Chairman of the Board, President and Chief Executive Officer Martin A. White said, "I am extremely pleased with the process in which potential candidate firms were identified and evaluated, and the thoroughness of the proposals presented to us by the finalists. I'm confident that each of the finalists would have done excellent work for us and their qualifications made the final selection a difficult task."
MDU dissmisses Anderson......duh
http://finance.lycos.com/home/news/story.asp?story=26312384&symbols=NYSE:MDU
MDU Resources Group, Inc. Declares Quarterly Common Stock Dividend
BISMARCK, N.D.--(BUSINESS WIRE)--Feb. 14, 2002--The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) at its regular meeting today declared a quarterly common stock dividend of 23 cents per share, unchanged from the previous quarter.
The diversified natural resource company's Directors also declared dividends on preferred stock as follows:
$1.12-1/2 per share on 4.50 percent Series Preferred
$1.17-1/2 per share on 4.70 percent Series Preferred
$1.27-1/2 per share on 5.10 percent Series Preferred
The dividends are payable on April 1, 2002, to stockholders of record March 14, 2002.
Centennial Power, A Subsidiary of MDU Announces Acquisition Of Rocky Mountain Power...
BISMARCK, N.D.--(BUSINESS WIRE)--Feb. 5, 2002--Dick Vinson and Centennial Power, Inc., a subsidiary of MDU Resources Group, Inc., announced today the acquisition by Centennial Power of Rocky Mountain Power, Inc., a Montana energy development company co-owned by Vinson. The acquisition of Rocky Mountain Power enables Centennial Power to construct a 113-megawatt, coal-fired electric generation facility near Hardin, Montana. The plant will provide electricity to Montana Power Company (MPC) through a long-term power purchase agreement. Financial details were not disclosed.
"Centennial Power was organized at MDU Resources in 2001 to enter the independent power production marketplace," said Paul Gatzemeier, Centennial Power's vice president and general manager. "As this is our first generation project, it is fitting that it will be located in Montana. We believe this project is beneficial for everyone concerned - MPC customers, the community of Hardin, shareholders of MDU Resources and Rocky Mountain Power."
"I'm very pleased to have reached an agreement with Centennial Power and MDU Resources," said Vinson. "MDU Resources, through its various companies has operated in Montana for more than 75 years, has a strong environmental track record and is a company Montanans know well. This is great news for the Hardin area. I will continue to be actively involved with the project to help bring it through construction. Centennial's expertise and financial commitment to the power project will allow me to focus on the ethanol project that I have in development."
Construction is planned to begin immediately following the issuance of an air quality permit, which is expected this spring. Centennial Power anticipates commercial operation in 2003. The plant will employ 33 permanent, full-time workers.
MDU Resources earnings fall as revenue drops:
http://finance.lycos.com/home/news/story.asp?symbols=NYSE:MDU&story=26008295
MDU announces record earnings!
http://finance.lycos.com/home/news/story.asp?symbols=NYSE:MDU&story=26006864
MDU Resources Announces Year-End Earnings Release Conference Call
21 Jan 2002, 11:16am ET (BusinessWire)
Aloha Paintermon....It was great up until today...took a big hit on IBM...but it's happened before so not too worried about it.
You still In Palm?
MDU is hanging in there...plus a few others.
Take care...
and drop in more often. It was good to hear from you.
Hi gemmerling - got your message. Thanks. EM
gemmerling....I had just about given up on this site so hadn't checked back here. Don't understand why iHub doesn't attract more people as there seems to be more protection here against bashers, stalkers, etc....something I had a big problem with on RB.
Thanks for the information on MDU. I come from that area (N.D.) originally ....main reason I'm a stockholder...but it is also a very a good company and certainly a safe haven in these uncertain times.
Still no word from our Aloha friend...perhaps he's busy.
Thanks again, Greg.
Best Regards, Peggy
Gemmerling...I discovered your board accidentally on RB and happened to see Paintermon's name (an old friend)... so I hope you don't mind if I post here in the event he'll see my message.
Also, I started the MDU (Montana-Dakota Utilities) here on I-Hub some time ago. It is a thinly traded stock and I never did attract any posters. Am going to try again.
Would love for anyone here to drop by and say Hello once in awhile.
One more thing...don't know my way around this site too well but hope to learn...so if I'm not "up" on the proper board etiquette, I hope y'all will tell me.
Been bashed once too often on RB so will be leaving it permanently in the near future.
I think I'll start this New Year out the right way by trying to revive this board. What am I talking about? How can one revive something that stagnated as badly as this board?
Are there no MDU stockholders out there???
Paintermon....where art thou? em
Don't know how I overlooked this bit of news earlier in the week.
Knife River Completes Coal Operations Sale:
http://www.ndonline.com/tribwebpage/news/may2001/5142001101916.html
Public Service Commission May Require MDU To Lower Electric Rate:
http://www.bismarcktribune.com/tribwebpage/news/may2001/517200195744.html
Looking for those interested in discussing a variety of subjects and of course all MDU investors. No spammers or bashers allowed!