MDU Resources has 10,140 employees, of which 24 are in a leadership position. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Construction Services Group is comprised of 16 local operating companies employing more than 8,500 skilled workers during peak season and has been ranked the fourth largest U.S. electrical contractor. 10-K. 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. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. In 2001, Knife River sold its remaining coal-mining interests. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. MDU Resources Leadership: Executives and Demographics - Zippia 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. It generated $169 million of EBITDA in 2021. It also distributes cement and asphalt oil. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Careers Featured projects Our customers are as varied as our experience. mdu resources group inc. mdu resources group. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. Creates financial and strategic flexibility for each company to focus on core business opportunities. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. We also use third-party cookies that help us analyze and understand how you use this website. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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. MDU Resources Group headquarters and office locations - Craft MDU Resources Group, Inc. Corporate Profile - Winmo The largest addition of electric utility territory came in 1945, when MDU purchased the Dakota Public Service Company (DPSC) from NorthWestern Public Service Company (NWPS) of Huron, South Dakota. When typing in this field, a list of search results will appear and be automatically updated as you type. You must click the activation link in order to complete your subscription. -Jenna Lyons. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Necessary cookies are absolutely essential for the website to function properly. MDU Resources Group, Inc. | Bismarck ND 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? 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. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. MDU Resources employees are most likely to be members of the republican party. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. Our customers are as varied as our experience. This cookie is set by GDPR Cookie Consent plugin. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. 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 affect your browsing experience. 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. Help us make this company more transparent. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. 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. Posted: January 31, 2023. 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. When MDU examined DPSC's books after the purchase, they spent the next six years in litigation with NWPS over allegations of improper internal charges between NWPS, NP&L, and NDP&L. This site is NOT monitored 24 hours a day. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. We believe the spinoff will create many compelling benefits, including: With a successful track record of organic and M&A-driven growth, we have built Knife River into a leading aggregates-based construction materials business. 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. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. None of the information on this page has been provided or approved by MDU Resources. What will happen to my outstanding stock? Non-GAAP Financial Measures Research Summary. Changes in such assumptions and factors could cause actual future results to differ materially. Phone: 800-638-3278. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Help other job seekers by rating MDU Resources. About Us - Intermountain Gas Company Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. By the 1960s it was decided that the company's headquarters should be located within its service territory, in Bismarck, the largest town on the system, and the relocation was completed in 1968. Get email updates for new Senior Process Analyst jobs in Brea, CA. 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. 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.. 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. 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. Skip to content Skip to main nav. You also have the option to opt-out of these cookies. You also have the option to opt-out of these cookies. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. MDU Construction Services Group, Inc. | Specialty Construction Services While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. 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. 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. 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***. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . Western National Group. Necessary cookies are absolutely essential for the website to function properly. [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. After submitting your request, you will receive an activation email to the requested email address. These cookies do not store any personal information. 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. MDU Resources Announces Plan to Separate Knife River We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. 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. In addition, all pages on Bizapedia will be They ensure a project is completed on time and within budget. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Audio and webcast replays will be available through Aug. 18, 2022, at 888-203-1112, or 719-457-0820 for international callers, passcode ID 3010359. Executive Summary. Address: 1200 W Century Ave Bismarck, ND, 58503-0911 United States See other locations Phone: Website: www.mdu.com Employees (this site): Actual Employees (all sites): Actual Revenue: $5.68 billion Actual Sales Growth: 2.67% Net Income Growth: -3.09% Assets: $8,910 Fiscal Year End: DEC Year Started: Stock Exchange: NYSE:MDU ESG ranking: The staff at MDU Resources come from unusually diverse demographic backgrounds. Who We Are - MDU Construction Services Group, Inc. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. Main Telephone (866) 760-4852. The company is 37.8% female and 18.4% ethnic minorities. The company anticipates completing the strategic review in the first half of 2023. MDU Resources Expects Second Quarter Spinoff of Knife River Corp Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. MDU Resources Group, Inc. website Headquartered in Bismarck, ND, MDU Resources Group, Inc. is celebrating our 90th year of Building a Strong America with value-added natural resources products and related services that are essential to energy and transportation infrastructure. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. 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. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Fax: 701-323-3104. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. Click Here. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. MDU Resources Jobs in March, 2023 (Hiring Now!) - Zippia 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 Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Initially, Minnesota Northern was only in the business of selling electric power, but entered the natural gas business following its discovery of oil in 1936 in the Williston Basin in Eastern Montana. It is headquartered in Bismarck, North Dakota, and operates in 48 states. The company was founded in 1924 and is based in Bismarck, North Dakota. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. A strong infrastructure is the heart of our country's economy. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to completing the spinoff, as will the specific transaction structure. [6] The damages totaled $17.2 million. Knife River has a successful track record of growth. 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. For more information, visitwww.kniferiver.com. 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. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics Statement of Changes in Beneficial Ownership. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. 02/21/2023. 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 Us - Montana-Dakota Utilities Company 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. By continuing to use this application, you consent to the use of cookies in accordance with our. The most common ethnicity at MDU Resources is White (82%). What is the strategic rationale for spinning off Knife River? 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. The combined utility business has a rate base of $2.8 billion and is expected to make $1.6 billion in capital investments over the next five years. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. MDU Resources has 69 locations in the United States. Careers - MDU Resources Group Inc. This website uses cookies to improve your experience while you navigate through the website. 4% of MDU Resources employees are Black or African American. 02/24/2023. This cookie is set by GDPR Cookie Consent plugin. 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.). Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. MDU Construction Services Group Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. MDU Resources Group, Inc. | Bismarck ND - Facebook 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). 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. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. The average employee at MDU Resources makes $52,489 per year. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. COMMERCIAL RESOURCES TAX GROUP, INC. in Brea, CA | Company Info No. Register for your account and get started with our industry leading people contacts search engine. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. On average, employees at MDU Resources stay with the company for 5.3 years. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. MDU Resources Group, Inc. Careers and Employment, US By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. 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 $4,900 to the Republican Party. if we've collected "Sales Lead Information" for a given company, it will be displayed on the MDU Resources generates $5.7B in revenue. These cookies will be stored in your browser only with your consent. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. This category only includes cookies that ensures basic functionalities and security features of the website. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. Second Quarter 2022 Financial Results However with being a great place to work comes longevity. It generated $321 million of EBITDA in 2021. Amazing things happen when you're having fun and doing something you love. 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. 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. MDU Resources Locations Bismarck, ND HQ Hiring Albany, OR Beaumont, TX Belgrade, MT Bemidji, MN Bend, OR Billings, MT Hiring Bremerton, WA Bryan, TX Burleson, TX Casper, WY Central Point, OR 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.
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