02/24/2023. The companies have since partnered on two base-load power plants (Big Stone and Coyote). 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. MDU Resources Group Company Profile - Office Locations - Craft 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. 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. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. Looking for Montana-Dakota Utilities? Get notified about new Senior Process Analyst jobs in Brea, CA. MDU Resources is in the electric power natural gas construction industry. 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. 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. Main Telephone (866) 760-4852. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. I am an MDU Resources shareholder. Shortly after passage of the Public Utility Holding Company Act of 1935 (PUHCA), Heskett reorganized all the gas and electric subsidiaries of Minnesota Northern Power under a new name Montana-Dakota Utilities. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. 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. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Supervised and managed all personnel, work activities and . We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. The largest donation made to a political party by an MDU Resources employee was On average, employees at MDU Resources stay with the company for 5.3 years. Advisors 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. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. The staff at MDU Resources come from unusually diverse demographic backgrounds. "Our strategic review of our construction services business also is well underway. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. MDU Resources Jobs in March, 2023 (Hiring Now!) - Zippia The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. with up to 5 times the number of maximum matches per search vs. non-subscribers. What approvals are required? Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Analytical cookies are used to understand how visitors interact with the website. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. from 8 AM - 9 PM ET. MDU Resources Surplus Auction - Cabinet MDU Resources Expects Second Quarter Spinoff of Knife River Corp 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. Necessary cookies are absolutely essential for the website to function properly. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding MDU Resources and the proposed spinoff of Knife River that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1993, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Loading. 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 You can save your resume and apply to jobs in minutes on LinkedIn, Head of Sales - Clinical Screening Software Solutions & Partnerships, Ban Mu Thi 10 Moo 10, Pathum Thani, Thailand, Audio QA Checker (Suouth Levantine Arabic Speakers) in Palestine, Voice of Customer and Offering Excellence Lead , CrossLab Services Center of Excellence, Manager, Transition Management Onboarding, See who Mercury Insurance has hired for this role, Assist in process documentation/workflows and apply knowledge to analyze business and system procedures/workflow/data and recommend how they can be improved or automated, Assist in debugging production issues and performing User Acceptance Testing for Product/Rate Level changes across different platforms, Assist with implementation, training, and monitoring of product rollout, Work with cross-functional teams as the representative of the Product group. MDU Resources Office Locations and Headquarters: Bismarck, ND 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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 produces and delivers aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. None of the information on this page has been provided or approved by MDU Resources. Forward-Looking Statements MDU Resources Leadership: Executives and Demographics - Zippia Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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.. 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. MDU Resources Group headquarters and office locations - Craft MDU Construction Services Group employs more than 7,500 skilled employees across the country. Second Quarter 2022 Financial Results Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. 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. 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.. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. Register for your account and get started with our industry leading people contacts search engine. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 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. These cookies will be stored in your browser only with your consent. Claiming and updating your company profile on Zippia is free and easy. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. served to you completely ad free and you will be granted access to view every profile in its entirety, even Knife River has a successful track record of growth. Analytical cookies are used to understand how visitors interact with the website. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. When is the spinoff expected to be completed? Working At MDU Resources: Employee Reviews and Culture This category only includes cookies that ensures basic functionalities and security features of the website. How long have you been considering this? No. $20 Hourly. Recognition Archives - MDU Resources Group Inc. MDU Resources - Wikipedia MDU Resources Group, Inc. Company Profile - Dun & Bradstreet Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Messages will be read and responded to as soon as. 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 Resources employees are most likely to be members of the republican party. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. MDU Resources Group, Inc. is a power company based in Bismarck, ND. Contact Us - Montana-Dakota Utilities Company 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. 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. 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. Annual Report. 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. For more information about MDU Resources, visit the company's website at www.mdu.com. MDU Resources Group, Inc. | LinkedIn Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Amazing things happen when you're having fun and doing something you love. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . 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. 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 Group engages in the regulated energy delivery, construction materials and services businesses. We also use third-party cookies that help us analyze and understand how you use this website. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. 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? Communities Served North Dakota South Dakota Montana Wyoming The Company's Electric segment generates, transmits, and distributes electricity. $4,900 to the Republican Party. MDU Construction Services Group has resources across the country to get any job done. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Conference Call 1025 1250 W. Century Ave. Bismarck, ND 58501 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. How did this transaction come about? Necessary cookies are absolutely essential for the website to function properly. These cookies will be stored in your browser only with your consent. 79 were here. The cookie is used to store the user consent for the cookies in the category "Other. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies do not store any personal information. 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. MDU Resources company charter does not require a shareholder vote to complete the transaction. 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 average employee at MDU Resources makes $52,489 per year. 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. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. About Us - Montana-Dakota Utilities Company The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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 is a Fortune 1000 company with operations, customers and employees across the country. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. What will happen to my outstanding stock? Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. MDU Resources Group Inc - Financials - SEC Filings Click the link in the email we sent to to verify your email address and activate your job alert. To protect our site, we cannot process your request right now. 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. 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***. 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. Have you worked at MDU Resources? 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. Details of Separation Transaction Support Product Field and Product Research & Development on Rule and Underwriting Guideline analysis and recommendations for both current features and offerings, and those that will be developed in the future. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Bismarck, ND 58506. Western National Group. Below youll find a list of the types of career opportunities you can find at Knife River. Project Managers are responsible for planning, implementing, and managing projects. 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. 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. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 7% of MDU Resources employees are Hispanic or Latino. Primary Address. About Us - Cascade Natural Gas Corporation Mercury Insurance hiring Sr Process Analyst in Brea, California, United In addition, 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. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Phone: 800-638-3278. Knife River is always looking for good people to join our team. These cookies track visitors across websites and collect information to provide customized ads. 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. By continuing to use this application, you consent to the use of cookies in accordance with our. The company's filing status is listed as Active and its File Number is 1981716. This will also involve communication with the various functional areas and assistance in the development of training programs. These efforts demonstrate our progress and commitment to move toward our goal of creating two pure-play public companies, with one focused on regulated energy delivery and the other on construction materials.". They ensure a project is completed on time and within budget. 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. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. [6] The damages totaled $17.2 million. MDU Resources Group, Inc. | Bismarck ND - Facebook MDU Resources Group, Inc. (MDU) Q4 2022 Earnings Call Transcript Based on our data team's research, David L. Goodin is the MDU Resources's CEO. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. 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. After submitting your request, you will receive an activation email to the requested email address. Average MDU Resources Group Salary: By Location, Job Title - Zippia The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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 got its start in 1924 as the Minnesota Northern Power Company. In addition, all pages on Bizapedia will be 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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