MDU Resources Group, Inc. (NYSE:MDU) Q1 2023 Earnings Conference Call May 4, 2023 2:00 PM ET

Company Participants

Jason Vollmer - Vice President and Chief Financial Officer

Dave Goodin - President and Chief Executive Officer

Stephanie Barth - Vice President, Chief Accounting Officer and Controller

Brian Gray - President and Chief Executive Officer, Knife River Corporation

Jeff Thiede - President and Chief Executive Officer, MDU Construction Services Group

Trevor Hastings - President and Chief Executive Officer, WBI Energy

Nicole Kivisto - President and Chief Executive Officer, Utility Group

Conference Call Participants

Ryan Levine - Citi

Brian Russo - Sidoti

Brent Thielman - D.A. Davidson

Operator

Hello. My name is Margery and I’ll be your conference facilitator. At this time, I’d like to welcome everyone to the MDU Resources Group 2023 First Quarter Conference Call. [Operator Instructions] The webcast can be accessed at www.mdu.com under the Investor Relations heading select Events & Presentations and click Q1 2023 earnings conference call. After the conclusion of the webcast, a replay will be available at the same location.

I would now like to turn the conference over to Jason Vollmer, Vice President and Chief Financial Officer of MDU Resources Group. Thank you. Mr. Vollmer, you may begin.

Jason Vollmer

Thank you, Margery and thanks, everyone for joining us on our first quarter 2023 earnings conference call. You can find our earnings release and supplemental materials for this call on our website at www.mdu.com under the Investor Relations tab.

Leading today’s discussion along with me will be Dave Goodin, President and CEO of MDU Resources. Also with us today to answer questions following our prepared remarks are Stephanie Barth, Vice President, Chief Accounting Officer and Controller of MDU Resources, Brian Gray, President and CEO of Knife River Corporation; Jeff Thiede, President and CEO of MDU Construction Services Group; Trevor Hastings, President and CEO of WBI Energy; and Nicole Kivisto, President and CEO of our Utility Group.

During our call, we will make certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations and beliefs are based on reasonable assumptions, actual results may differ materially. 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.

You may also refer to certain non-GAAP information. For a reconciliation of any non-GAAP information to the appropriate GAAP metric, please reference our earnings release. This morning, we announced that MDU Resources’ Board of Directors approved the previously announced spin-off of Knife River effective May 31. Dave will provide more details on the separation later in the call and additional information can be accessed on our website. It’s an exciting time for both Knife River and MDU Resources as we progress towards our objective of creating two pure-play publicly traded companies.