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BISMARCK, N.D. - MDU Resources Group, Inc. (NYSE:MDU), a provider of energy delivery services with a market capitalization of $3.52 billion, announced today the appointment of Darrel T. Anderson as the new independent chair of its board. Anderson succeeds Dennis W. Johnson, who will continue to serve as a board director and chair of the Nominating and Governance Committee. According to InvestingPro data, MDU maintains a solid financial health score of "GOOD" and has consistently paid dividends for 55 consecutive years.
The company highlighted the orderly transition as a reflection of its disciplined board leadership succession planning. Johnson, who played a pivotal role in steering the company towards becoming a pure-play regulated energy delivery business, expressed confidence in Anderson’s ability to lead the board. The company’s strategic direction has yielded impressive results, with revenue growth of 91.83% over the last twelve months.
Nicole Kivisto, president and CEO of MDU Resources, praised Johnson’s leadership and welcomed Anderson’s appointment. Anderson, who joined the board in 2023 and has previously served as board vice chair and chair of the Compensation and Human Capital Committee, is recognized for his extensive experience in the energy sector, including his tenure as president and CEO of IDACORP, Inc. and Idaho Power Company. The stock currently trades at a P/E ratio of 18.54 and offers a dividend yield of 3.09%.
MDU Resources Group serves over 1.2 million customers with electric and natural gas distribution in the Pacific Northwest and Midwest. The company also operates a significant natural gas pipeline network and storage system. The leadership change is part of MDU Resources’ commitment to strong governance and strategic growth. For deeper insights into MDU’s valuation and growth prospects, including exclusive financial metrics and expert analysis, visit InvestingPro, where you’ll find comprehensive research reports covering 1,400+ top US stocks.
The information in this article is based on a press release statement from MDU Resources Group, Inc.
In other recent news, MDU Resources Group Inc. reported its financial results for the first quarter of 2025, with earnings per share (EPS) of $0.40, aligning with analyst expectations. The company exceeded revenue forecasts, reporting $674.8 million against the anticipated $654.55 million, marking a notable revenue surprise. MDU Resources experienced robust growth in its natural gas utility and pipeline segments, with earnings increasing by 11.5% and 13.9%, respectively. However, the electric utility segment saw a decline in earnings. The company announced it will maintain its quarterly dividend at 13 cents per share, reflecting its ongoing commitment to shareholders. Additionally, MDU Resources is planning significant capital investments of $3.1 billion over the next five years. The company’s strategic focus includes utility rate base growth and data center opportunities. Analysts from Seabrook Williams and Jefferies have shown interest in the company’s data center load strategy and pipeline segment outlook, indicating continued investor attention.
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