MDU Resources Q2 Profit Matches Estimates; Maintains 2014 Earnings Guidance

(RTTNews) - MDU Resources Group, Inc. (MDU) reported second-quarter earnings of $53.9 million, or $0.28 per share, compared to $46.3 million, or $0.24 per share, prior year. Adjusted earnings were $56.7 million, or $0.29 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items. Operating revenues increased to $1.09 billion from $1.06 billion, prior year. Analysts expected revenue of $1.14 billion for the quarter.

The company maintained its earnings guidance range of $1.50 to $1.65 per share despite the effects of the Mountrail County asset sale. Analysts expect the company to report full year earnings per share of $1.63.