Advisors Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. $20 Hourly. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. MDU Resources Announces Plan to Separate Knife River MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. When is the spinoff expected to be completed? Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. 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. Jan 2004 - Mar 201511 years 3 months. Skip to content Skip to main nav. with up to 5 times the number of maximum matches per search vs. non-subscribers. No assurance can be given regarding the form that a spinoff transaction may take or the specific terms or timing thereof, or that a spinoff will in fact occur. Tim W. Harrington - Head of IT - Bestop, Inc. | LinkedIn Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. [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. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. The PUC faulted Loy Clark and listed the cause of the accident as Loy Clark's failure to give sufficient notifications to regulators about excavation plans. Why isnt there a shareholder vote? This cookie is set by GDPR Cookie Consent plugin. Communities Served North Dakota South Dakota Montana Wyoming MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. 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. 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? 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. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. 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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. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 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. -Jenna Lyons. It is mandatory to procure user consent prior to running these cookies on your website. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. MDU Resources employees are most likely to be members of the republican party. It generated $321 million of EBITDA in 2021. Will shareholders of both companies receive a regular dividend post-spinoff? We also use third-party cookies that help us analyze and understand how you use this website. None of the information on this page has been provided or approved by MDU Resources. 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. Cyber Security Intern - Career Center | University of Southern California 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. Our construction services bring power to communities and neighborhoods across the country. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Knife River has a successful track record of growth. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Messages will be read and responded to as soon as. What will happen to my outstanding stock? Click Here. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. 10-K. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Financial Contact:Brent Miller, director of financial projects and investor relations, 701-530-1730Media Contact:Laura Lueder, manager of communications and public relations, 701-530-1095, Cision Distribution 888-776-0942 While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . 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. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Knife River Separation - MDU Resources Group Inc. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Contact Us - Montana-Dakota Utilities Company The company's principal address . Research Summary. How long have you been considering this? Based on our data team's research, David L. Goodin is the MDU Resources's CEO. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . The USC Career Center is open - in person and online - as always, all of our services and resources are available to you, including advising, job and internship opportunities, programs, workshops, career fairs, and more. Necessary cookies are absolutely essential for the website to function properly. 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. We are always looking at our business mix for opportunities to enhance shareholder value. MDU Resources Group, Inc. Company Profile - Dun & Bradstreet Non-GAAP Financial Measures Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. Updates will be provided as the company moves toward completing the spinoff. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. In 1997, MDU Resources started its utility services division, which over the years has expanded its construction services offerings and become the MDU Construction Services Group segment. 1200 West Century Avenue. About Us - Cascade Natural Gas Corporation Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Looking for Montana-Dakota Utilities? MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Enhanced strategic focus: Each business will be able to pursue individualized strategies specific to the industries in which it operates, and use equity tailored to its own business to enhance acquisition programs and retention and hiring. Second Quarter 2022 Financial Results These cookies ensure basic functionalities and security features of the website, anonymously. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. About Us - Intermountain Gas Company 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. Search Keywords. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. MDU Resources Group: Employee Directory | ZoomInfo.com This will also involve communication with the various functional areas and assistance in the development of training programs. 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. 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. MDU Resources Group, Inc. Corporate Profile - Winmo MDU Resources Leadership: Executives and Demographics - Zippia You also have the option to opt-out of these cookies. The staff at MDU Resources come from unusually diverse demographic backgrounds. Working at MDU Resources Group, Inc.: 8 Reviews Review this company Job Title All Location United States8 reviews Ratings by category 3.4 Work-Life Balance 3.9 Pay & Benefits 3.3 Job Security & Advancement 3.4 Management 3.6 Culture Search reviews Sort by Helpfulness Rating Date Showing all 8 reviews 4.0 Job Work/Life Balance Compensation/Benefits [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. 4. Enter the location for your project and choose the product youd like. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. 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. 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. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 The event can be accessed atwww.mdu.com. Main Telephone (866) 760-4852. Recognition Archives - MDU Resources Group Inc. Our Board of Directors regularly reviews opportunities to unlock value for our 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! Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. 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. 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. The Company's Electric segment generates, transmits, and distributes electricity. When typing in this field, a list of search results will appear and be automatically updated as you type. SEC Filings. The company believes these non-GAAP financial measures are useful to investors by providing meaningful information about operational efficiency compared to the companys peers by excluding the impacts of differences in tax jurisdictions and structures, debt levels and capital investment. Early history[ edit] You must click the activation link in order to complete your subscription. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. They ensure a project is completed on time and within budget. The cookie is used to store the user consent for the cookies in the category "Performance". Rebecca Dorwart at Mdu Resources Group Inc. Phone: 800-638-3278. 02/24/2023. MDU Resources Group, Inc. is a U.S.-based corporation supplying essential products and services through its regulated energy delivery and construction materials and services businesses. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms,
Help other job seekers by rating MDU Resources. About Us - Montana-Dakota Utilities Company 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. The companies have since partnered on two base-load power plants (Big Stone and Coyote). The company anticipates completing the strategic review in the first half of 2023. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. It also distributes cement and asphalt oil. 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.. company profile page along with the rest of the general data. MDU Resources Group, Inc. | Bismarck ND 79 were here. This site is NOT monitored 24 hours a day. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. Bismarck, ND 58506. 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. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. This site is protected by reCAPTCHA and the Google. Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations MDU Construction Services Group 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: 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). 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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). 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. View original content to download multimedia. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. Full-Time. 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. 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. You can sign up for additional alert options at any time. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. However with being a great place to work comes longevity. Bismarck, ND 58503, MDU Construction Services Group Working At MDU Resources: Employee Reviews and Culture mdu resources group. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. About Knife River Knife River generated $293 million of EBITDA in 2021. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. MDU 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. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. It performs integrated contracting services. Employee Directory. 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. 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. Knife River is always looking for good people to join our team. Our most recent assessment determined that a separation of Knife River could unlock significant value. MDU Resources Group, Inc. All rights reserved. The cookie is used to store the user consent for the cookies in the category "Analytics". 67% of the management team is White. 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. 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 Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. By continuing to use this application, you consent to the use of cookies in accordance with our. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. mdu resources group inc. mdu resources. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. This cookie is set by GDPR Cookie Consent plugin. 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.
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