MDU Reports 2nd Quarter
MDU Resources Group, Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.
Said David L. Goodin, president and CEO of MDU Resources, “Our operations performed extremely well in the quarter, with record revenues and earnings at both our construction businesses and very strong results from our regulated energy delivery businesses.
“Our geographic diversity and focus on midsize markets has served us well …. Our utility and pipeline operations continue to provide needed energy … and our total construction backlog remains at a near-record level of nearly $2.2 billion.” The construction materials business had record second quarter revenues and earnings. Revenues were $621.1 million, compared to $596.0 million for the same period last year, and earnings of $53.0 million were an 82% increase over second quarter 2019 earnings of $29.2 million.