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Electric and natural gas supplier MDU Resources Group Inc. (MDU: News ) said Monday it now expects second-quarter earnings to come in at the low end of its guidance and also lowered its oil and natural gas production forecasts for 2011, while reaffirming its earnings outlook for the full-year. Further, the company said it has acquired 20,000 additional acres of leaseholds in the Bakken oil play.
MDU Resources now forecasts second-quarter earnings to come in at the low end of its guidance of about 20 percent of the company’s annual earnings range. On average, seven analysts polled by Thomson Reuters expect the company to earn $0.25 per share for the quarter. Analysts’ estimates typically exclude special items.
Regards,
Don
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