“Our businesses are making good progress in executing their 2012 plans,” Hildestad said. “We are off to a good start on the year.”
Based on the company's projections for the remainder of 2012, annual earnings guidance is reaffirmed in the range of $1.00 to $1.25 per share.
The company will host a webcast at 11 a.m. EDT on Tuesday, May 1 to discuss earnings results and guidance. The event can be accessed at www.mdu.com. Webcast and audio replays will be available. The dial-in number for audio replay is (855) 859-2056, or (404) 537-3406 for international callers, conference ID 66804286.
About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services companies. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the Investor Relations Department at firstname.lastname@example.org . Performance Summary and Future Outlook The following information highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries and other matters for each of the company’s businesses. Many of these highlighted points are “forward-looking statements.” There is no assurance that the company’s projections, including estimates for growth and changes in earnings, will in fact be achieved. Please refer to assumptions contained in this section, as well as the various important factors listed at the end of this document under the heading “Risk Factors and Cautionary Statements that May Affect Future Results.” Changes in such assumptions and factors could cause actual future results to differ materially from growth and earnings projections.
|Earnings First||Earnings First|
|Quarter 2012||Quarter 2011|
|Business Line||(In Millions)||(In Millions)|
|Exploration and Production||$||12.9||$||16.3|
|Electric and natural gas utilities||33.0||36.0|
|Pipeline and energy services||2.8||6.9|
|Construction materials and contracting||(24.9||)||(21.4||)|
|Earnings before discontinued operations||35.7||42.3|
|Income (loss) from discontinued operations, net of tax||(.1||)||.5|
|Earnings on common stock||$||35.6||$||42.8||*|