We are taking an important step to significantly enhance the value inherent in our businesses by creating two focused, independent publicly traded companies, said David L. Goodin, president and CEO of MDU Resources. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Selecting the value will change the page content. Knife River Separation - MDU Resources Group Inc. Zippia gives an in-depth look into the details of MDU Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MDU Resources. These cookies do not store any personal information. Looking for Montana-Dakota Utilities? Terry Hildestad donated Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. MDU Resources Leadership: Executives and Demographics - Zippia WBI Energy provides natural gas transportation and underground storage services through regulated pipeline systems primarily in the Rocky Mountain and northern Great Plains regions of the U.S. and provides non-regulated cathodic protection and other energy-related services. Search Keywords. Brea, CA. MDU Resources Group is traded on the New York Stock Exchange as "MDU." For more information about MDU Resources, visit the company's website at www.mdu.com. This category only includes cookies that ensures basic functionalities and security features of the website. Knife River has more than 1 billion tons of aggregate reserves, 110 ready-mix plants, 50 asphalt plants and a combined 410,000 tons of liquid asphalt and cement storage. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. "Our strategic review of our construction services business also is well underway. Guests; Log in; Career Center. It is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and also receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free. The average employee at MDU Resources makes $52,489 per year. You also have the option to opt-out of these cookies. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. MDU Resources Group, Inc. | Bismarck ND Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. $20 Hourly. BISMARCK, N.D. Aug. 4, 2022 MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. By continuing to use this application, you consent to the use of cookies in accordance with our. Second Quarter 2022 Financial Results MDU Resources has 10,140 employees, of which 24 are in a leadership position. Given its size and scale today, the MDU Resources Board of Directors believes now is the right time to spin off Knife River to unlock additional value for both MDU Resources and Knife River. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. For more information, visitwww.kniferiver.com. The Construction Services segment designs, constructs, and maintains overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines; electrical and communication wiring and infrastructure, and fire suppression systems; and renewable energy projects. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. It also distributes cement and asphalt oil. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. MDU Resources Group, Inc. 4.6 Glendive, MT Jobs $76.8k-96k yearly 2d ago Software Developer Intern (2 positions) MDU Resources Group, Inc. 4.6 Bismarck, ND Jobs $17.5 hourly 4d ago 4/10 Production Assembler (1st Shift) Cenergy 4.7 Simi Valley, CA Jobs $20-22 hourly 7d ago Customer Service Representative I MDU Resources Group, Inc. 4.6 MDU Resources may also be known as or be related to MDU Resources, MDU Resources Group, MDU Resources Group Inc and MDU Resources Group, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. I am an MDU Resources shareholder. As it expanded across Eastern Montana and western North Dakota, it acquired the electric franchise for Miles City, Montana, after an acquisition struggle with the Montana Power Company.[3]. MDU Resources will discuss todays separation announcement as well as its second quarter results during a webcast at 8:30 a.m. EDT Aug. 4, 2022. We are proud of the strong businesses we have built and are confident now is the right time to take this step to best serve our customers, employees, communities and shareholders.. Locations 1200 W. Century Ave. Bismarck, ND 58503, US Get directions Employees at MDU Resources Group, Inc. Steve Held Vladimir Terzic Harry Pearce Laura Lueder Manager of Communications and. The cookie is used to store the user consent for the cookies in the category "Analytics". Best Companies to Work For in North Dakota, Best Energy Companies to Work For in North Dakota, Best Companies to Work For in Bismarck, ND, Best Energy Companies to Work For in Bismarck, ND, Working At DTE (Detroit Tool & Engineering), Working At Centennial Energy Resources LLC, MDU Resources Heavy Equipment Operator Jobs, MDU Resources Apprentice Electrician Jobs. We also use third-party cookies that help us analyze and understand how you use this website. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The staff at MDU Resources come from unusually diverse demographic backgrounds. mdu resources group. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. This category only includes cookies that ensures basic functionalities and security features of the website. Foshay interests this property today comprises Otter Tail Power's Bemidji division), the Eastern Montana Light & Power Company, centered around Sidney and Glendive, Montana, and the Eastern Montana Utilities Co., which was based in Fairview, Montana. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. MDU Resources company charter does not require a shareholder vote to complete the transaction. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. MDU Resources Group, Inc. All rights reserved. This website uses cookies to improve your experience while you navigate through the website. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. MDU Resources Group, Inc. Corporate Profile - Winmo 67% of the management team is White. Compelling Benefits of the Separation These cookies will be stored in your browser only with your consent. mdu resources inc. Non-GAAP financial measures are not standardized; therefore, it may not be possible to compare such financial measures with other companies non-GAAP financial measures having the same or similar names. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. MDU Resources has 69 locations in the United States. Jan 2004 - Mar 201511 years 3 months. Amazing things happen when you're having fun and doing something you love. mdu resources group inc. mdu resources group. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year. These factors include, but are not limited to, risks relating to the impact of the COVID-19 pandemic on the business (including impacts on employees and contractors and disruptions to operations and the supply chain); new or changing laws and regulations impacting the business (including changes in pipeline safety regulations and environmental law); supply chain disruptions (including price fluctuations and supply of materials necessary for operations); the adverse impact of cyberattacks on operations; competitive factors including technological advances and customer demands; pricing and market pressures; ability to successfully integrate any businesses acquired; issuance of new or revised accounting standards; risks associated with the impact, timing or terms of the spinoff; risks associated with the expected benefits and costs of the spinoff, including the risk that the expected benefits of the spinoff will not be realized within the expected timeframe, in full or at all, and the risk that conditions to the spinoff will not be satisfied and/or that the spinoff will not be completed within the expected timeframe, on the expected terms or at all; the expected qualification of the spinoff as a tax-free transaction for U.S. federal income tax purposes, including whether or not an IRS ruling will be sought or obtained; the risk that any consents or approvals required in connection with the spinoff will not be received or obtained within the expected timeframe, on the expected terms or at all; risks associated with expected financing transactions undertaken in connection with the spinoff and risks associated with indebtedness incurred in connection with the spinoff; the risk that dis-synergy costs, costs of restructuring transactions and other costs incurred in connection with the spinoff will exceed estimates; and the impact of the spinoff on the businesses and the risk that the spinoff may be more difficult, time consuming or costly than expected, including the impact on resources, systems, procedures and controls, diversion of managements attention and the impact on relationships with customers, suppliers, employees and other business counterparties, as well as the various important factors listed in Part I, Item 1A Risk Factors in MDU Resources Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2021, which was filed with the SEC on Feb. 23, 2022, and subsequent filings with the SEC. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. MDU Resources Announces Plan to Separate Knife River For more information about MDU Resources, visit the company's website at www.mdu.com. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. How did this transaction come about? MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Working at MDU Resources Group, Inc.: 8 Reviews - Indeed Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. The separation will result in two independent, publicly traded and well-capitalized companies, which the MDU Resources board believes will leave each positioned well for durable growth and shareholder value creation. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 02/21/2023. 1025 1250 W. Century Ave. Bismarck, ND 58501 Primary Address. For more information about MDU Resources, visit the company's website at www.mdu.com. MDU Resources Jobs in March, 2023 (Hiring Now!) - Zippia Conference Call Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. with up to 5 times the number of maximum matches per search vs. non-subscribers. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. The separation is expected to have a number of benefits for MDU Resources and Knife River stakeholders, including: MDU Resources: Regulated Utility and Infrastructure Business Focused on Building a Strong America No. Following the planned separation, MDU Resources will remain headquartered in Bismarck, North Dakota, and continue to be the parent company for MDU Resources existing regulated electric and natural gas utilities (Cascade Natural Gas Corp., Intermountain Gas Co., Montana-Dakota Utilities Co.), natural gas pipeline business (WBI Energy, Inc.) and construction services company (MDU Construction Services Group, Inc.). It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. BISMARCK, N.D., Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation. About Knife River Its founder, Rolland Heskett, had previously been involved with utilities in Wisconsin and northeast Minnesota (the forerunners of Wisconsin Public Service Corporation and Minnesota Power (& Light Co.), respectively). It also performs integrated contracting services for most types of aggregate-related construction, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings and industrial parks. MDU Resources Surplus Auction - Cabinet The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Click Here. $4,900 to the Republican Party. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. You can unsubscribe from these emails at any time. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. What will happen to my outstanding stock? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co Get email updates for new Senior Process Analyst jobs in Brea, CA. Rebecca works for Mdu Resources Group Inc. Rebecca Dorwart has been with Mdu Resources Group Inc. for 6 months and is in Lower Management, Rebecca's role is Manager: Project Manager, Human Resources Special Projects Manager. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. Research Summary. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. We are always looking at our business mix for opportunities to enhance shareholder value. This site is NOT monitored 24 hours a day. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . MDU Resources has retained J.P. Morgan Securities LLC and PJT Partners as financial advisors and Wachtell, Lipton, Rosen & Katz as legal advisor for the review. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. But opting out of some of these cookies may affect your browsing experience. How long have you been considering this? To protect our site, we cannot process your request right now. The separation will result in two independent, publicly traded and well capitalized companies, which the MDU Resources board believes will leave each positioned well for durable growth and shareholder value creation. MDU Resources competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. Why isnt there a shareholder vote? Analytical cookies are used to understand how visitors interact with the website. 4. The company's principal address . After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. 1015 1200 W. Century Ave. Bismarck, ND 58503 Email MDU Construction Services Group, Inc. Tom Nosbusch 701-530-1352 1150 W. Century Ave. Bismarck, ND 58503 Email WBI Energy, Inc. Melinda Steckler 701-530-1025 or 800-437-8000, ext. Bismarck, ND 58503, MDU Construction Services Group However with being a great place to work comes longevity. Careers - MDU Resources Group Inc. MDU Resources Group, Inc. | Bismarck ND - Facebook Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The national average salary for an MDU Resources employee in the United States is $52,489 per year. But opting out of some of these cookies may have an effect on your browsing experience. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. These cookies do not store any personal information. See if MDU Resources is hiring near you. In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. Supervised and managed all personnel, work activities and . We are sorry, but your computer or network may be sending automated queries. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. The MDU Resources board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. The forward-looking statements contained in this release, including statements about MDU Resources' goal to create two pure-play public companies, its planned separation of Knife River Corporation and its strategic review of MDU Construction Services Group, are expressed in good faith and are believed by the company to have a reasonable basis. [12] Knife River Corporation provides construction materials and contracting services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix concrete in 17 states. J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. About MDU Resources mdu resources group inc. mdu resources. The cookies is used to store the user consent for the cookies in the category "Necessary". MDU Resources Group: Employee Directory | ZoomInfo.com About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. Today, from our headquarters in Bismarck, North Dakota, we have more than 16,000 employees during peak construction season operating across the country, delivering energy and providing construction materials and services. The event can be accessed atwww.mdu.com. Unlike its neighboring utilities, MDU was generally not in the business of reselling energy at wholesale to other companies, with the exception of five Eastern Montana towns then served by the Mountain States Power Company. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. You can sign up for additional alert options at any time. When is the spinoff expected to be completed? Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Changes in such assumptions and factors could cause actual future results to differ materially. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. 79 were here. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Loading. Get notified about new Senior Process Analyst jobs in Brea, CA. SEC Filings. But opting out of some of these cookies may have an effect on your browsing experience. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. This cookie is set by GDPR Cookie Consent plugin. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Bismarck, ND 58506. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics This cookie is set by GDPR Cookie Consent plugin. The largest donation made to a political party by an MDU Resources employee was It performs integrated contracting services. About Us - Cascade Natural Gas Corporation When will Knife River shares be distributed? The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. View original content to download multimedia. Western National Group. The company is 37.8% female and 18.4% ethnic minorities. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. These cookies will be stored in your browser only with your consent. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Who We Are - MDU Construction Services Group, Inc. MDU Resources Expects Second Quarter Spinoff of Knife River Corp Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. MDU Construction Services Group, Inc. | Specialty Construction Services -Jenna Lyons. MDU Resources is in the electric power natural gas construction industry. Annual Report. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. MDU Construction Services Group After submitting your request, you will receive an activation email to the requested email address.
