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The board of directors of MDU Resources Group, Inc. (NYSE: MDU) today reached a positive Final Investment Decision (FID) for MDU Resources subsidiary, WBI Energy, to construct its previously-proposed Bakken East Pipeline Project. Based on secured customer commitments and the anticipated strategic and economic benefits for North Dakota and the broader region, the company has decided to proceed with construction of the Bakken East Pipeline with an initial design capacity of 1.4 Bcf per day. The pr
Activist investor Starboard Value has its eye on making some serious changes to construction company Knife River and the stock market has approved of the first effort. Knife River stock rose 4.3% to $53.66 in premarket trading on Thursday after Starboard Value said it has taken a significant stake in the company, and that if shareholder returns don’t improve the board should consider a sale. Shares of Knife River declined 7.9% on Wednesday and have fallen 27% this year.
This article first appeared on GuruFocus. MDU Resources Group Inc (NYSE:MDU) recently announced a total dividend of $0.15 per share, with the ex-dividend date set for 2026-09-10. This includes a $0.15 per share cash dividend payable on 2026-10-01.
ONE Gas (OGS) is back in focus after recent commentary grouped it with Atmos Energy and MDU Resources as a potential beneficiary of rising US natural gas demand and continued infrastructure investment across regulated utility networks. Over the past year, ONE Gas has paired a 10.36% total shareholder return with relatively steady trading. The share price sits at $80.41, and recent modest earnings estimate upgrades and infrastructure spending plans have helped frame the stock as a measured way...
In recent days, analysts highlighted that Atmos Energy, ONE Gas, and MDU Resources are set to benefit from rising natural gas demand and ongoing infrastructure investments, supported by disciplined capital spending plans and modest upgrades to earnings estimates. This renewed focus on sector-wide infrastructure investment and a firmer earnings outlook has reinforced investor confidence in ONE Gas despite aging networks and competition from renewables. Now we’ll examine how this improved...
MDU Resources has been treading water for the past six months, holding steady at $20.30. The stock also fell short of the S&P 500’s 13.1% gain during that period.
MDU Resources' second quarter saw a positive market reaction, as the company delivered year-on-year sales growth and exceeded Wall Street’s profit expectations despite missing on revenue. Management highlighted the impact of new rates, ongoing customer growth, and increased retail sales volumes across its regulated utility and pipeline businesses. CEO Nicole Kivisto pointed to the Badger Wind Farm and the advancement of infrastructure projects, such as the Bakken East pipeline, as contributors t
The board of directors of MDU Resources Group, Inc. (NYSE: MDU) has increased the quarterly dividend on the company's common stock to 14.5 cents per share, for an annualized dividend of 56 cents per share. This represents an increase of approximately 3.6% over the previous quarterly dividend of 14 cents per share.
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