Friday, October 19, 2018

North Dakota MDU Resources Pretax Earnings Decline By 4% in the First Half of 2018, an Earnings Reversal From Its Pretax Earnings Growth of 7% in Annual 2017 and of a Superb 32% in Annual 2016 ...............................................................................

From a review of US SEC filings, there was 1 Company headquartered in North Dakota with a stock market cap of more than $1 Bil recently.

My focus is on Pretax Income rather than on After-Tax Net Income because Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the First Half of 2018 and 2017 for MDU Resources.

US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
6 Months 6 Months
Ended Ended
June June Better
July July (Worse)
North Dakota Company or Aug or Aug %
Market Caps Above $1 Bil 2018 2017  Change
mils $ mils $
MDU Resources 104 108 -4%