MDU RESOURCES Reports Q2 Earnings for FY 2023 on August 3
August 29, 2023
🌥️Earnings Overview
MDU RESOURCES ($NYSE:MDU) reported a total revenue of USD 1091.1 million for the second quarter of fiscal year 2023 (ending June 30, 2023) on August 3, 2023. This marked a decrease of 36.6% when compared to revenue for the same period the previous year; however, net income experienced a significant increase of 84.9% to USD 130.7 million.
Share Price
On Thursday, MDU RESOURCES reported their Q2 earnings for Fiscal Year 2023. The stock opened at $22.1 but finished the day down by 4.0%, closing at $21.4 in comparison to the previous closing price of $22.3. This was a significant dip in the stock’s performance and a departure from its recent trend of steady growth.
The Q2 earnings report included updates on the company’s financial performance and guidance for the remainder of the fiscal year. Investors and analysts alike were keen to understand how the company would shape up against their competitors amid the ongoing economic uncertainty. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mdu Resources. More…
| Total Revenues | Net Income | Net Margin |
| 6.36k | 434.06 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mdu Resources. More…
| Operations | Investing | Financing |
| 465.71 | -624.46 | 154.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mdu Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.84k | 6.27k | 17.56 |
Key Ratios Snapshot
Some of the financial key ratios for Mdu Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 4.4% | 12.0% |
| FCF Margin | ROE | ROA |
| 1.6% | 13.3% | 4.8% |
Analysis
At GoodWhale, we believe that analyzing a company’s financials is an important part of making a sound investment decision. That’s why we’ve taken a close look at the financials of MDU RESOURCES and are pleased to present our findings to you. Our Risk Rating for MDU RESOURCES is low, meaning that it is a low risk investment in terms of financial and business aspects. However, we have identified one risk warning in the income sheet. For more details about this warning, be sure to register on GoodWhale.com and take a deeper dive into the company’s financials. With the right information, you’ll be able to make an informed decision about whether or not to invest in MDU RESOURCES. More…
Peers
In the race to dominate the energy market, MDU Resources Group Inc is up against some stiff competition. ENN Natural Gas Co Ltd, Mammoth Energy Services Inc, and Hydrogen Engine Center Inc are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. While MDU Resources Group Inc may have the advantage in some areas, it will need to be vigilant in order to stay ahead of its competitors.
– ENN Natural Gas Co Ltd ($SHSE:600803)
China Natural Gas Co Ltd is a leading provider of natural gas in China. The company has a market capitalization of $53.98 billion and a return on equity of 56.96%. China Natural Gas is engaged in the exploration, production, transmission, and distribution of natural gas. The company has a strong presence in China’s major gas markets, including Beijing, Shanghai, Guangdong, and Chongqing.
– Mammoth Energy Services Inc ($NASDAQ:TUSK)
Mammoth Energy Services Inc is a provider of oilfield services and equipment in the United States. The company has a market cap of 198.24M as of 2022 and a return on equity of -7.25%. Mammoth Energy Services Inc provides a range of services and products to exploration and production companies, including drilling, completion, and intervention services, as well as pressure pumping, coiled tubing, and other ancillary services. The company also manufactures and sells a variety of oilfield equipment, including drill bits, downhole motors, and other drilling tools.
– Hydrogen Engine Center Inc ($OTCPK:HYEG)
Hydrogen Engine Center, Inc., through its subsidiaries, engages in the development and commercialization of hydrogen engines and related technologies. The company’s products include internal combustion engines, fuel cells, and microturbines that run on hydrogen and other renewable fuels. It serves original equipment manufacturers, integrators, and end-users in the transportation, stationary power, and portable power markets in the United States and internationally.
Summary
MDU Resources Group, Inc. reported their second quarter fiscal year 2023 earnings results on August 3, 2023. Total revenue for the quarter decreased 36.6% compared to the same period last year, however, net income increased 84.9% to USD 130.7 million. This performance surprised the markets and the stock price moved down the same day.
Investors may want to consider the longer-term outlook for MDU Resources as they seek to derive value from their investments in this company. The company’s ability to weather the current economic downturn and continue generating positive financial results will be key factors in determining its long-term performance and potential returns on investment.
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