MDU Resources Group, Inc. (NYSE:MDU) Q4 2023 Earnings Call Transcript

Jeff Thiede : We had ice storms in the Pacific Northwest. And of course, we’ve got quite a bit of rain and floods in Southern California. So we have had some labor hour impacts. Nevertheless, we’ve also had some storm work opportunities out of our Midwest Company. And then of course, we’ve been on standby earlier this week and deployed crews as of yesterday to help in need by restoring and repairing those services and getting people back up to work with some of the devastation to the infrastructure and systems that you’re seeing in the news, we expect to be there to be able to get people back online with their power, gas and their communications as soon as possible. We see opportunity there to help others and to be able to help our business.

Brian Russo : And just curious, in comparison to last year’s extreme weather in California, how would you compare that to this year, less impactful or comparable or less or more?

Jeff Thiede : Not more in California, a little bit less in other parts of the country where we’ve done storm work for 2023. So again, we’ve — we are on a first call basis to be able to be deployed and help out in those areas where we have offices and crews that we can deploy to help.

Operator: [Operator Instructions] The webcast can be accessed at www.mgu.com under the Investor Relations heading. Select Events and Presentations and click Year-End 2023 Earnings Conference Call. After the conclusion of the webcast, a replay will be available at the same location. At this time, there are no further questions. I would like now to turn the conference back over to the management for closing remarks.

Nicole Kivisto : All right. I would like to thank all of you for taking the time to join us for our year-end 2023 earnings call. I’m extremely proud of the team’s performance in 2023, and we are optimistic about our growth opportunities in future regulated delivery projects, excited about the strong demand and performance of our Construction Services business as we look to spend them later this year. We thank you again and appreciate your continued interest in and support of MDU Resources. And with that, I’ll turn the call back to you. Operator?

Operator: And this concludes today’s MDU Resources Group conference call. Thank you for your participation. You may now disconnect.