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.
Is now the time to buy Quanta? Access our full analysis of the earnings results here, it’s free.
FTAI Infrastructure (NASDAQ: FIP)
Spun off from FTAI Aviation in 2021, FTAI Infrastructure (NASDAQ: FIP) invests in and operates infrastructure and related assets across the transportation and energy sectors.
FTAI Infrastructure reported revenues of $80.76 million, flat year on year, falling short of analysts’ expectations by 14.8%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.
Interestingly, the stock is up 5.3% since the results and currently trades at $5.99.
Read our full analysis of FTAI Infrastructure’s results here.
Ameresco (NYSE: AMRC)
Having played a role in upgrading the energy solutions of Alcatraz Island, Ameresco (NYSE: AMRC) provides energy and renewable energy solutions for various sectors.
Ameresco reported revenues of $532.7 million, up 20.7% year on year. This result topped analysts’ expectations by 1.1%. More broadly, it was a slower quarter as it recorded full-year EBITDA guidance missing analysts’ expectations.
Ameresco scored the biggest analyst estimates beat and fastest revenue growth, but had the weakest full-year guidance update among its peers. The stock is down 40.3% since reporting and currently trades at $10.91.
Read our full, actionable report on Ameresco here, it’s free.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
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