MDU Q3 Earnings Miss Estimates on Higher Costs, Revenues Rise Y/Y

Impact · against what's priced in

MDU Resources' Q3 results are negative as operating and interest costs offset revenue growth, leading to a 20% earnings miss. While the Bakken East Pipeline project provides a long-term growth catalyst and a slightly tighter capex ceiling, the immediate pressure on the bottom line is the primary driver.

MDU−0.20

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In context

The 20% miss on adjusted earnings per share (8 cents vs 10 cents) and an 11.1% year-over-year decline in the bottom line highlight that revenue growth is being eroded by a 9% rise in operating expenses and higher interest costs.

Read from the article alone

• earnings▲4%
• energy▲3%
• MDU
• earnings miss
• electric utilities
• operating expenses
• utilities

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