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Section 1: 8-K (MDU RESOURCES FORM 8-K EARNINGS GUIDANCE)

Wdesk | Document
false0000067716 0000067716 2019-12-09 2019-12-09






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 9, 2019


MDU Resources Group Inc
(Exact name of registrant as specified in its charter)

(State or other jurisdiction of
(Commission File Number)
(I.R.S. Employer Identification No.)
incorporation)
 
 
Delaware
1-03480
30-1133956

1200 West Century Avenue
P.O. Box 5650
Bismarck, North Dakota 58506-5650
(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 Act:
(Title of each class)
(Trading Symbol(s))
(Name of each exchange on which registered)
Common Stock, par value $1.00 per share
MDU
New York Stock Exchange

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 9, 2019, MDU Resources Group, Inc. (the "Company") issued a press release announcing an increase in earnings for the year ending December 31, 2019. 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
99
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 9, 2019
By /s/ Jason L. Vollmer 
 
Jason L. Vollmer
 
Vice President, Chief Financial
 
Officer and Treasurer



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Section 2: EX-99 (MDU RESOURCES EX 99 EARNINGS GUIDANCE)

Wdesk | Exhibit
401493210_mdurirpressreleasebasa07.jpg
MDU Resources Increases 2019 Earnings Guidance

BISMARCK, N.D. - Dec. 9, 2019 - MDU Resources Group, Inc. (NYSE: MDU) today increased its earnings guidance for 2019. The company now projects its earnings per share for 2019 to be in the range of $1.60 to $1.65, an increase from prior guidance of $1.50 to $1.60.

“We are through the midpoint of the fourth quarter and are pleased with the performance of our businesses,” said David L. Goodin, president and CEO of MDU Resources. “With the strength of our results in October and November and our current estimates for December, we are confident our 2019 results will surpass the guidance range previously disclosed. During the quarter, we experienced favorable construction weather in our northern states of operation, allowing us to further execute on our backlog. As colder weather sets in, natural gas and electric sales increase at our utility, which demonstrates the strength of our two-platform business model.

“We like our momentum going into 2020. Our backlog of work remains strong and we have long-term growth potential through our substantial planned capital investments on quality projects over the next five years.”

Higher than expected asset sales gains throughout the year at the company's construction materials business also contributed to stronger year-over-year performance.

The company plans to provide full-year 2019 earnings results and to initiate 2020 guidance in early February.

Forward-Looking Statements
The 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 contained in this release, including earnings per share guidance 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-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, see the company’s website at www.mdu.com or contact the Investor Relations Department at [email protected].

Financial Contact: Jason Vollmer, vice president, chief financial officer and treasurer, 701-530-1755
Media Contact: Laura Lueder, manager of communications and public relations, 701-530-1095



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