MDU Resources (MDU)

[puggymuggs]

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.