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 will love working at Western! The average employee at MDU Resources makes $52,489 per year. Non-GAAP Financial Measures 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. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. By continuing to use this application, you consent to the use of cookies in accordance with our. These cookies ensure basic functionalities and security features of the website, anonymously. Knife River generated $293 million of EBITDA in 2021. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. MDU Resources's mission statement is "With integrity, create superior shareholder value by expanding upon our expertise to be the supplier of choice in all of our markets while being a safe and great place to work.". For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. 1025 1250 W. Century Ave. Bismarck, ND 58501 Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. Who is MDU Resources Group Headquarters 1200 W Century Ave, Bismarck, North Dakota, 58503, United States Phone Number (701) 530-1000 Website www.mdu.com Revenue $5.9B Stock Symbol MDU Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment MDU Resources Group's Social Media Is this data correct? About MDU Resources Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. Western National Group. Enter the location for your project and choose the product youd like. We also use third-party cookies that help us analyze and understand how you use this website. 10-K. 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. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. It is mandatory to procure user consent prior to running these cookies on your website. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Our estimates are verified against BLS, Census, and current job openings data for accuracy. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 02/21/2023. Fax: 701-323-3104. with up to 5 times the number of maximum matches per search vs. non-subscribers. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. The separation is expected to be completed in 2023. mdu resources group inc. mdu resources. They ensure a project is completed on time and within budget. Skip to content Skip to main nav. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. Get email updates for new Senior Process Analyst jobs in Brea, CA. The separation will result in two independent, publicly traded and well . The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. MDU Construction Services Group, Inc. is an industry-leading specialty contractor, We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. Analytical cookies are used to understand how visitors interact with the website. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. For more information about MDU Resources, visit the company's website at www.mdu.com. Statement of Changes in Beneficial Ownership. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. 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. Forward-Looking Statements MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. Creates financial and strategic flexibility for each company to focus on core business opportunities. Messages will be read and responded to as soon as. 79 were here. Early history[ edit] You must click the activation link in order to complete your subscription. MDU Resources Group, Inc. All rights reserved. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. 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. MDU Resources and Knife Rivers proven management teams will be able to more directly focus resources and capital to achieve their respective strategic goals, Goodin said. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 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.. Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2023! But opting out of some of these cookies may have an effect on your browsing experience. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. We also use third-party cookies that help us analyze and understand how you use this website. Full-Time. These cookies track visitors across websites and collect information to provide customized ads. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. DPSC served a total of 91 towns in west-central North Dakota originally served by the Hughes Electric Company/North Dakota Power & Light Company (NDP&L) and south-central North Dakota/north-central South Dakota originally served by the Northern Power & Light Company (NP&L). Changes in such assumptions and factors could cause actual future results to differ materially. Register for your account and get started with our industry leading people contacts search engine. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. 02/24/2023. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. No. How did this transaction come about? Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. MDU Construction Services Group When is the spinoff expected to be completed? 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . mdu resources group inc. mdu resources group. Our construction services bring power to communities and neighborhoods across the country. With our nations focus on infrastructure, the recent passage of the Investment in Infrastructure and Jobs Act will provide federal funding to support the type of public and private work Knife River does. You can sign up for additional alert options at any time. These cookies will be stored in your browser only with your consent. 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. Brea, CA. Claiming and updating your company profile on Zippia is free and easy. Following a thorough assessment, the board determined that a spinoff of Knife River Corporation is the best path forward to maximize value for all stakeholders. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. It also provides cathodic protection and other energy-related services. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. A strong infrastructure is the heart of our country's economy. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. MDU Resources is in the electric power natural gas construction industry. 7% of MDU Resources employees are Hispanic or Latino. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 1200 West Century Avenue. -Jenna Lyons. 4. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. But opting out of some of these cookies may have an effect on your browsing experience. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth The staff at MDU Resources come from unusually diverse demographic backgrounds. About Knife River This category only includes cookies that ensures basic functionalities and security features of the website. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. If you experience any issues with this process, please contact us for further assistance. 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. 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. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Analytical cookies are used to understand how visitors interact with the website. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete in the central, southern, and western United States, as well as Alaska and Hawaii. 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. MDU Resources headquarters is in Bismarck, ND. What will happen to my outstanding stock? We also use third-party cookies that help us analyze and understand how you use this website. This cookie is set by GDPR Cookie Consent plugin. Research Summary. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. Have you worked at MDU Resources? 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. 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. Jan 2004 - Mar 201511 years 3 months. Phone: 800-638-3278. But opting out of some of these cookies may affect your browsing experience. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 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. None of the information on this page has been provided or approved by MDU Resources. $4,900 to the Republican Party. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. This site is protected by reCAPTCHA and the Google. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Main Telephone (866) 760-4852. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, MDU Resources Board of Directors Names Leadership for Knife River Upon Separation, MDU Resources Declares Quarterly Dividend on Common Stock. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. Distinct investment opportunities: Investors will have two compelling investment opportunities and will be able to better assess the value of the two companies based on their respective operational and financial characteristics. How will this impact MDU Resources current quarterly dividend? Looking for Montana-Dakota Utilities? Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Advisors Executive Summary. Supervised and managed all personnel, work activities and . [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to 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 cookies is used to store the user consent for the cookies in the category "Necessary". Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Company Mdu Resources Group Inc. Terry Hildestad donated Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. MDU Resources employees are most likely to be members of the republican party. Why isnt there a shareholder vote? 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. Search Keywords. 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. This website uses cookies to improve your experience while you navigate through the website. The MDU Resources board believes Knife River is ready to continue its success as a stand-alone public company and take full advantage of anticipated work resulting from federal infrastructure funding. Annual Report. "Our strategic review of our construction services business also is well underway. if the company chooses to hide the private information on their profile from the general public. 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. Throughout this news release, MDU Resources presents financial information prepared in accordance with GAAP, as well as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which is considered a non-GAAP financial measure. Below youll find a list of the types of career opportunities you can find at Knife River. The company's principal address . [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Rebecca Dorwart's job functions are Human Resources, Operations, Rebecca Dorwart's work email address is ***************@mdu.com, Rebecca Dorwart's LinkedIn profile can be found at, Rebecca Dorwart's work phone number (HQ) is +1 701-530-1***. It performs integrated contracting services. We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. BISMARCK, N.D., Aug. 4, 2022 /PRNewswire/ 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. Our most recent assessment determined that a separation of Knife River could unlock significant value. It generated $169 million of EBITDA in 2021. mdu resources group. The spinoff is expected to be completed during 2023, subject to customary closing conditions, including final approval by MDU Resources Board of Directors, receipt of a tax opinion, the filing and effectiveness of a Form 10 registration statement with the SEC and, if determined advisable, a private letter ruling from the IRS. By continuing to use this application, you consent to the use of cookies in accordance with our, Behnken named to national Innovation Institute, General foreman puts stop the bleed training into practice, saves mans life, MDU Resources Reports Third Quarter Earnings; Board Authorizes Strategic Review for MDU Construction Services Group, MDU Construction Services Group ranks No. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. 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. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. This will also involve communication with the various functional areas and assistance in the development of training programs. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The companies have since partnered on two base-load power plants (Big Stone and Coyote). These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Project Managers are responsible for planning, implementing, and managing projects. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. These cookies will be stored in your browser only with your consent. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. What approvals are required? We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. The words believe, continue, could, expect, anticipate, intends, estimate, forecast, project, should, may, will, would or the negative thereof and similar expressions are intended to identify such forward-looking statements. This cookie is set by GDPR Cookie Consent plugin. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. 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. [6] The damages totaled $17.2 million. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. Details of Separation Transaction 67% of the management team is White. For more information about MDU Resources, visit the company's website at www.mdu.com. "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Visit the Career Advice Hub to see tips on interviewing and resume writing. SEC Filings. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation.

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