David L. Goodin
down services in the market, have execute everyone. and our we be than tag we provide, customers, heat it's everything of services that results. America. our our more couldn't I move commercial nation's Resources Thank America. XXXX for homes line strong ability Thank you, Jason our gas a XXXX jobs the today do to products or a building success. to more electricity provide good discuss grid, their employees' or the transportation we results that support and and teams' proud this and X and us to supports infrastructure natural and build the whether safely strong time and to why network it's to million effectively reflect nation's helps The our electrical really we taking our management our you businesses or MDU we and for your of exemplified to join afternoon that interest to
from reported rate companies relief and gas natural electric Our higher utility and sales implemented earnings volumes. record
to and X% base annually. utility and X.X million grow We continue X% expect good X% to at year customer a about we growth, to nearly experience customers, between our rate this continue to customer up
segment Wind Service well announced of those a this expansion prudence advanced previously determination and we soon. and underway, expect North generation will company's have Commission, from receiving to should Dakota is Public is organic later expected portfolio opportunities and Our a to This grow XX% electric are place base substantial on number rate growth is very focused renewables, expansion the to lead the opportunities. Construction year. line after approximately in growth. one purchase agreement Spirit Thunder to utility on of which The be
Big be joint to Another South secured construction complete growth and has Stone easements XXXX. for opportunity, all line, transmission venture our is to expected required in Ellendale,
project the be estimated between million $XXX and million. of share to cost Our $XXX is
customer meet associated cost for we recovery regulatory expanding demand. on facilities safely upgrading focused remains growing so can our utility Our with and the
rate combined all in relief FERC. received with throughout recovery jurisdictions, rate receiving XXXX, including utility Our substantial electric the utility
Our utility compounded growth five expects over to base continue at rate the annually years. next X%
continued feet strong feet the currently per additional to company then continue XX-mile, solid two the a a XX-mile, and Line expects These Bakken, volumes day. volumes XX-inch in Our complete projects of segment natural gas. expansion XX solid projects X.X% here with increased transportation the XX XX-inch through exceed company also XXXX, utility to natural expansion operations a When business expect and of record two expansion performance contribution projects continues The second in to expansion the X.X to XXXX. which Section including earnings, in year gas we projects growth these our completed, make another had corporate now on pipeline billion additional the cubic move that projects natural This day. focus one, the helped business higher capacity natural Valley to two volumes will million system, project. gas year-over-year. is two, seek quarter capacity increase producing capacity, gas by The transportation XXXX; record cubic company's transportation the are per project; completing of
also continues to sales equipment workloads specialty on the particularly as construction executing like also in contracting, we rentals, while strong, continuing mission-critical to key produce well remains transmission businesses. hurricane The high to group trend costs, line and work, earnings I'd contracting recovery XXXX. still various specialty contracts with operations, sectors. work. services over did inside both The area, with along Demand turn higher inside growth. exceptional retail controlling a were construction and see for the as team construction in in in great that high-tech, outside a our projects and manufacturing job services Now, construction Outside
for segment us earnings into confident will opportunities of XXXX. we have are now million end the backlog that standing carry momentum that XXXX. $XXX our at continued see construction services We We certainly growth of at a at with
range For the comparable billion revenues to to in XXXX, $X.X to of we be services margins expect with $X.XX billion XXXX. construction
successfully year the with quarter increase aggregate finished Now, turning along volumes which sales others. well-above to at of quarter the when weather had all Better materials strong projects our execute natural construction weather-related increased to we in from the precipitation other in teams states. higher workloads we business, some helped offset challenges Construction the with in our several disasters and had the in allowed earnings fourth year markets on start some average in the
year ability some our on we long-term in Although the confident construction challenges of in faced our growth. to early achieve markets, we're
the backlog which, is the opportunities of than positioned $XXX – this highest looking reserves company billion well markets strong market. while by X year, Our year-end country, acquisition third at the for and at was tons still million presented we're with across business. nearly year-end in aggregate We're current last level lower
For to individual with to expect margins the to revenues $X.X also material That billion XXXX, unit XXXX. billion $X.X we comparable our of business be discussion. completes in range construction
$XXX capital the overall precip range to range. as are to would all across corporation, temperatures ahead an earnings range projects any this normal an and guidance from $X.XX conditions This of looking reflects in for service expected initiating weather, investment of XXXX including we operating areas, per Now, $X.XX and incremental share. acquisitions and earnings be million
that note is that wider a provided. traditionally You may we've this guidance range
as business as in we and a have whole industries operate, more the the better which associated reform. businesses. and that we produce with specifically And and the Resources will tax well organic execute on we're from our XXXX, optimistic irrespective growth potential to performed revise the the tax through to the year reform in of economy opportunities. impacts as along well positioned we understand and on benefits expect acquisitions MDU the to impacts long-term our I'm value We significant plans range explore we move to saw
shareholders. We balance And ratings a sheet, competitive credit consecutive solid continue we strong liquidity to have to our a for and maintain dividend position. provided XX a years, good
with questions. along your to as value open focus creating commitment now MDU with high to continue a appreciate to always, that to shareholder and lines is America. ask Resources MDU operating I build Operator? interest in As Resources, superior strong integrity on committed we and safety, while the that we
