MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2017 operating earnings of 18 cents per share, missing the Zacks Consensus Estimate of 19 cents by 5.26%.
However, earnings improved 12.5%from the year-ago tally of 16 cents. This improvement was due to cost recovery efforts, higher electric and natural gas sales volumes.
MDU Resources’ total revenue for the reported quarter was $937.9 million, surpassing the year-ago figure of $860.2 by 9%.
In the quarter under review, MDU Resources’ operating expenses amounted to $870.8 million, up 9.1% from $798.2 in the prior-year quarter.
Operating income came in at $67.1 million in the first quarter, up 8.2%.
The company incurred interest expense of $20.3 million, compared with $22.9 million in first-quarter 2016.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
Total debt was $1,703 million as of Mar 31, 2017, down from $1,858 million as of Mar 31, 2016.
The company’s cash flow from operating activities as of Mar 31, 2017 was $87 million, up from $46 million in the year-ago period.
MDU Resources has reaffirmed 2017 earnings per share guidance in the range of $1.10–$1.25.
The company's long-term compound annual growth goal on earnings per share is 5–8%. Capital expenditure in 2017 is estimated to be $519 million. The company aims to invest $2,227 million in 2017–2021 time period.
Atmos Energy Corporation (ATO - Free Report) first-quarter 2017 earnings of $1.52 per share outpaced the Zacks Consensus Estimate of $1.42 by 7.04%.
Clean Energy Fuels Corp. (CLNE - Free Report) reported first-quarter 2017 operating earnings of 40 cents per share, outpacing the Zacks Consensus Estimate of a loss 13 cents by 407.7%.
ONEOK, Inc. (OKE - Free Report) reported first-quarter 2017 operating earnings of 41 cents per share, missing the Zacks Consensus Estimate of a loss 45 cents by 8.89%.
MDU Resources Group Inc. carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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