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MDU Resources Group (MDU Resources Group) Property, Plant and Equipment : $5,195 Mil (As of Dec. 2023)


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What is MDU Resources Group Property, Plant and Equipment?

MDU Resources Group's quarterly net PPE increased from Jun. 2023 ($4,997 Mil) to Sep. 2023 ($5,096 Mil) and increased from Sep. 2023 ($5,096 Mil) to Dec. 2023 ($5,195 Mil).

MDU Resources Group's annual net PPE declined from Dec. 2021 ($5,881 Mil) to Dec. 2022 ($4,850 Mil) but then increased from Dec. 2022 ($4,850 Mil) to Dec. 2023 ($5,195 Mil).


MDU Resources Group Property, Plant and Equipment Historical Data

The historical data trend for MDU Resources Group's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MDU Resources Group Property, Plant and Equipment Chart

MDU Resources Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,032.47 5,287.05 5,880.53 4,849.83 5,195.27

MDU Resources Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,849.83 6,270.77 4,997.34 5,095.90 5,195.27

MDU Resources Group Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


MDU Resources Group  (NYSE:MDU) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


MDU Resources Group Property, Plant and Equipment Related Terms

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MDU Resources Group (MDU Resources Group) Business Description

Traded in Other Exchanges
Address
1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650
MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.
Executives
Rob L. Johnson officer: President-WBI Holdings 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Paul R. Sanderson officer: VP, CLO & Secretary 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
James H. Gemmel director C/O CORVEX MANAGEMENT LP, 667 MADISON AVENUE, NEW YORK NY 10065
Brian R. Gray officer: President & CEO-Knife River 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
German Carmona-alvarez director 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Thomas S Everist director
Nicole A Kivisto officer: Controller P. O. BOX 5650, BISMARCK ND 58506-5650
Dale Rosenthal director 101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Karl A Liepitz officer: VP, Gen Counsel & Secretary 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Jason L Vollmer officer: Treasurer & Director of Cash 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
David M Sparby director 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Margaret A Link officer: Chief Information Officer 1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Dennis W Johnson director TMI BUSINESS DESIGHNS CORP, 50 3 AVENUE WAY, DICKINSON ND 58601
David C Barney officer: President & CEO - Knife River 1150 WEST CENTURY AVENUE, BISMARCK ND 58503
Stephanie A Barth officer: VP, CAO & Controller 1200 WEST CENTURY AVENUE, BISMARCK ND 58503