MDU Resources (MDU): From Reuters....MDU Resources Second Qua...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	2
Posts	273
Boards Moderated	0
Alias Born	04/27/2001

puggymuggs

Re: None

Saturday, 07/26/2003 1:41:40 PM

Saturday, July 26, 2003 1:41:40 PM

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.

ADVERTISEMENT
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.

Peggy Sue