MDU Resources Group, Inc. (NYSE:MDU) Q3 2022 Results Conference Call November 3, 2022 8:30 AM ET
Company Participants
Jason Vollmer - VP and CFO
Dave Goodin - President and CEO
Jeff Thiede - President and CEO, MDU Construction Services Group
Dave Barney - President and CEO of Knife River Corporation
Conference Call Participants
Brian Russo - Sidoti
Ryan Levine - Citibank
Dariusz Lozny - Bank of America
Operator
Hello. My name is Lisa, and I will be your conference facilitator. At this time, I would like to welcome everyone to the MDU Resources Group 2022 Third Quarter Conference Call. [Operator Instructions]
The webcast can be accessed at www.mdu.com under the Investor Relations heading. Select Events and Presentations and click Q3 2022 Earnings Conference Call. After the completion 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 now begin your conference.
Jason Vollmer
Thank you, Lisa, and welcome, everyone, to our Third Quarter 2022 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 Chief Executive Officer of MDU Resources. Also along with us today to answer questions following our prepared remarks will be Dave Barney, President and CEO of Knife River Corporation; Jeff Thiede, President and CEO of MDU Construction Services Group; Nicole Kivisto, President and CEO of our Utility Group; Trevor Hastings, President and CEO of WBI Energy; and Stephanie Barth, Vice President, Chief Accounting Officer and Controller of MDU Resources.
During our call this morning, 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 actual results to differ from any forward-looking statements, please refer to our most recent SEC filings. We 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.
As a reminder from our second quarter earnings call, we have previously announced our plan to separate Knife River Corporation, which is expected to be effective through a tax-free spin-off, to MDU Resources shareholders. This transaction is well underway and expected to become complete in 2023. Today, we are also announcing that MDU Resources Board of Directors has authorized management to convince a strategic review intended to separate MDU resources into 2 pure-play publicly-traded entities. One being a regulated energy delivery company, the other a leading construction materials company. MDU Resources remains committed to managing its business to deliver best-in-class operating performance and value for all stakeholders.