Tuesday, June 23, 2020

The 5 Largest North Dakota Companies Total Pretax Earnings Dropped Sharply By 55% in the 1Q 2020

From a review of Company SEC filings and the Google Finance website, I found 5 North Dakota Companies with stock market caps of above $100 mil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 5 North Dakota Companies.


  US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
  First First (Worse)
    Quarter Quarter %
North Dakota Largest Companies   2020 2019  Change
Market Caps Above $100 Mil City HQs mils $ mils $
MDU Resources  Bismark                   32                  48
Alerus Financial Corp  Grand Forks                     7                    8
Titan Machinery  West Fargo                     3                  (1)
NI Holdings  Fargo                   (4)                  18
Investors Real Estate Trust  Minot                   (8)                  (6)
Total all 5 North Dakota Companies                  30                  67 -55%