Sign in

    MDU Resources Group Inc (MDU)

    Q4 2024 Earnings Summary

    Reported on Jan 1, 1970 (Before Market Open)
    Pre-Earnings Price$17.99Last close (Feb 5, 2025)
    Post-Earnings Price$17.23Open (Feb 6, 2025)
    Price Change
    $-0.76(-4.22%)
    MetricYoY ChangeReason

    Total Operating Revenues

    Q4 2023: $1.135B → Q4 2024: –$1.554B (drastic reversal)

    The extreme turnaround likely stems from significant operational or accounting adjustments—such as revenue reclassification or project cancellations—that contrast sharply with the previous period’s positive revenue recognition.

    Operating Income

    Q4 2023: $140.82M → Q4 2024: –$50.86M

    The plunge reflects dramatic deterioration in core operations, with increased operating expenses and cost overruns overwhelming revenue performance, signaling margin pressures that were not present in Q4 2023.

    Income from Continuing Operations

    Q4 2023: $170.70M → Q4 2024: –$42.56M

    The swing to negative earnings indicates the loss of one-time or nonrecurring benefits from the prior period (such as favorable adjustments) combined with operational challenges and higher ongoing costs that eroded recurring earnings.

    Net Income

    Q4 2023: $170.73M → Q4 2024: $55.16M

    The significant decline in net income underscores that core earnings have weakened, partly due to the absence of value-boosting factors seen previously and the impact of deteriorated operating margins, even when offset to a limited degree by discontinued operations profits.

    Basic Earnings Per Share

    Q4 2023: $0.84 → Q4 2024: $0.27

    The notable drop in EPS is a direct consequence of lower net income and overall deteriorated operational performance, reflecting the broader earnings pressure compared to the favorable results of Q4 2023.

    Natural Gas Distribution Revenue

    Q3 2024: $133.5M → Q4 2024: $406.57M (quarterly surge)

    The sharp surge is attributable to strong rate relief and increased customer volumes driving revenue upward, an improvement that contrasts with earlier quarter performance and underscores better market or pricing conditions in this segment.

    Pipeline Segment Revenue

    Q3 2024: $44.2M → Q4 2024: $7.14M (~84% decline)

    The steep decline suggests significant challenges in the pipeline segment, potentially from reduced transportation volumes or lower service rates, which reversed the gains achieved previously and left the segment with markedly lower revenues.