Mdu Resources Group Inc 8-K, filed Dec 14, 2020
Mdu Resources Group Inc (MDU)
8-K
2020-12-14
For: 2020-12-14
View Original
Added on
April 12, 2026
About this 8-K
Mdu Resources Group Inc filed this 8-K on December 14, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) December 14, 2020
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| incorporation) | ||||||||
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code (701 ) 530-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| (Title of each class) | (Trading Symbol(s)) | (Name of each exchange on which registered) | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On December 14, 2020, MDU Resources Group, Inc. (the "Company") issued a press release announcing an increase in earnings guidance for the year ending December 31, 2020. A copy of the press release, which the Company is furnishing to the Securities and Exchange Commission, is attached as Exhibit 99 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished as part of this report.
Exhibit Number Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MDU RESOURCES GROUP, INC. | |||||
Date December 14, 2020 | By /s/ Jason L. Vollmer | ||||
| Jason L. Vollmer | |||||
| Vice President and Chief Financial | |||||
| Officer | |||||
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MDU Resources Increases 2020 Earnings Guidance
BISMARCK, N.D. — Dec. 14, 2020 — MDU Resources Group, Inc. (NYSE: MDU) today announced that its earnings per share in 2020 are expected to be higher than the company previously predicted through earnings guidance. Earnings per share for 2020 are now projected in the range of $1.92 to $2.02, an increase from prior guidance of $1.80 to $1.90.
“We have been incredibly pleased with our operating results throughout the year as demand remains strong for the essential services that we provide across our businesses. On the strength of our performance through November, along with our estimates for December, we felt it was important to update our investors,” said David L. Goodin, president and CEO of MDU Resources. “We experienced more favorable construction weather in the fourth quarter than is typical for our northern states, providing our operations with a longer construction season. We also realized stronger operating cost containment at our regulated energy delivery companies. These factors have enhanced our results during the fourth quarter.
“Looking toward 2021, we expect the momentum we’ve built throughout 2020 to continue as our construction backlog remains strong even while we have worked later in the season, with $1.24 billion of work for construction services and $564 million for construction materials as of Nov. 30. We also will complete in 2021 our largest natural gas pipeline construction project to date, and we will begin preparing to construct in 2022 an 88-megawatt simple-cycle electric generation peaking unit in North Dakota.”
The company will issue its full-year earnings results for 2020 and initiate 2021 guidance in early February.
Forward-Looking Statements
Information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release, including earnings per share guidance, backlog information and statements by the president and CEO of MDU Resources, are expressed in good faith and are believed by the company to have a reasonable basis. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A – Risk Factors in MDU Resources’ most recent Form 10-Q and 10-K.
About MDU Resources
MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.
Financial Contact: Jason Vollmer, vice president and chief financial officer, 701-530-1755
Media Contact: Laura Lueder, manager of communications and public relations, 701-530-1095
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