MDU Resources Group, Inc. (MDU) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us, and welcome to the MDU Resources Group, Inc., Q3 2025 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star 9 to raise your hand and star 6 to unmute. I will now hand the conference over to Jason Vollmer, Chief Financial Officer. Jason, please go ahead. Thank you, Nicole. And welcome, everyone, to our third quarter 2025 earnings conference call. You can find our earnings release and supplemental materials for this call on our website at www.mdu.com under the Investors tab. Being today's discussion with me is Nicole Cavisto, President and CEO of MDU Resources. During our call, we will make certain forward-looking statements within the meaning of federal securities laws. For more information about the risks and uncertainties that could cause our actual results to vary from any forward-looking statements, please refer to our most recent SEC filings. I'll provide consolidated financial results later during the call, but we'll first turn the call over to Nicole for her remarks. Nicole. All right, thank you, Jason, and thank you, everyone, for joining us today and for your continued interest in InView Resources. This morning, we reported income from continuing operations of $18.4 million, or $0.09 per share, for the third quarter of 2025, an increase of $2.8 million, or $0.01 per share, or the third quarter of 2024. Strong performance at our pipeline segment drove results for the quarter. Typically, this is a less impactful quarter from an earnings perspective at the utility as we approach the beginning of the heating season. Increased operating costs across our business seg...