MDU Resources Group, Inc. (MDU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us, and welcome to the MDU Resources Group Inc. Q1 2026 Earnings Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Brent Miller, Treasurer. Brent, please go ahead. Thank you, Warren, and welcome everyone to the MDU Resources Group First Quarter 2026 Earnings Conference Call. Our earnings release and supporting materials for this call are available on our website at mdu.com under the Investors section. Leading today's call are Nicole Cavisto, President and Chief Executive Officer, and Jason Vollmer, Chief Financial Officer of MDU Resources Group. During today's call, we will make certain forward-looking statements within the meaning of the federal securities laws. Please refer to our SEC filings for a discussion of risks and uncertainties that could cause actual results to differ. I will now turn the call over to Nicole for her prepared remarks. Nicole? Thank you, Brent, and good afternoon, everyone. We appreciate you joining us today and for your continued interest in MD resources. This morning, we reported first quarter 2026 earnings of 80.8 million, or $0.39 per share. Results reflected strong operational performance across our businesses, offset by mild winter weather impacts, which reduced earnings by approximately $0.03 per share. At the same time, rate relief and recent investments, such as Badger Wind Farm and other pipeline expansions, contributed positive results. And we continue to see encouraging demand trends, including interest tied to data center development. During the quarter, we concluded our binding open seas...