2005 MDU Resources Group, Inc. Annual Report
MDU Resources Group, Inc. Building a Strong America / A Legacy of Leadership 2005 Annual Report MDU Resources Group, Inc. MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure. MDU Resources includes natural gas and oil production, construction materials and mining, domestic and international independent power production, natural gas pipelines and energy services, electric and natural gas utilities, and construction services. Forward-looking statements This Annual Report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements should be read with the cautionary statements and important factors included in Part I, Item 1A – Risk Factors of the company’s 2005 Form 10-K. Forward-looking statements are all statements other than statements of historical fact, including without limitation those statements that are identified by the words anticipates, estimates, expects, intends, plans, predicts and similar expressions. Building a Strong America / A Legacy of Leadership On the cover Contents Employees are MDU Resources’ legacy Gatefold Behind Cover 16 Independent Power Production of leadership for the future. Representing Seeking more opportunities. 1 Highlights all business lines are, from left, 18 Pipeline and Energy Services Ray O’Donnell, Anna Marie Preston, Report to Stockholders 2 Maximizing vertical integration. Rick Wilmont, Mike Crone, David Barney 6 Corporate Governance and Gary Arneson. 20 Electric and Natural Gas 8 Board of Directors Distribution Supplying reliable energy. 9 Corporate Management 22 Construction Services 10 Community Leadership Meeting complex challenges.
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