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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at MDU Resources (NYSE:MDU) and the best and worst performers in the energy products and services industry.
Areas like the energy transition and emission reduction are thematic and front of mind today. This can be a double-edged sword for the energy products and services industry. Those who innovate and build new expertise can jolt demand while those who cling to legacy technologies or fall behind in the trending areas could see their market shares diminish. Bigger picture, energy products and services companies are still at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates.
The 4 energy products and services stocks we track reported a softer Q4. As a group, revenues missed analysts’ consensus estimates by 11.7%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 15% since the latest earnings results.
MDU Resources (NYSE:MDU)
Founded to provide electricity to towns in Minnesota, MDU Resources (NYSE:MDU) provides products and services in the utilities and construction materials industries.
MDU Resources reported revenues of $535.5 million, down 52.8% year on year. This print fell short of analysts’ expectations by 32.3%. Overall, it was a disappointing quarter for the company with full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ EBITDA estimates.
"MDU Resources delivered exceptional results in 2024, underscoring the strength of our employees, strategic investments and continued focus on operational excellence," said Nicole A. Kivisto, president and CEO of MDU Resources.
MDU Resources delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is down 7.7% since reporting and currently trades at $16.58.
Read our full report on MDU Resources here, it’s free.
Best Q4: Quanta (NYSE:PWR)
A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications.
Quanta reported revenues of $6.55 billion, up 13.3% year on year, falling short of analysts’ expectations by 1%. However, the business still had a very strong quarter with an impressive beat of analysts’ EBITDA estimates.
Quanta achieved the highest full-year guidance raise among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 17.4% since reporting. It currently trades at $241.03.