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. Non-GAAP Financial Measures This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. This cookie is set by GDPR Cookie Consent plugin. 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 2001, Knife River sold its remaining coal-mining interests. [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. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. We work underground and overhead in the transmission and distribution industry. This website uses cookies to improve your experience while you navigate through the website. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. 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 Referrals increase your chances of interviewing at Mercury Insurance by 2x. Main Telephone (866) 760-4852. 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. 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. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. 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 . But opting out of some of these cookies may have an effect on your browsing experience. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. 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. MDU Resources Group, Inc. is a power company based in Bismarck, ND. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . When typing in this field, a list of search results will appear and be automatically updated as you type. Claiming and updating your company profile on Zippia is free and easy. What is the strategic rationale for spinning off Knife River? 400 N. Fourth St. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. Project Managers are responsible for planning, implementing, and managing projects. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. The event can be accessed atwww.mdu.com. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. served to you completely ad free and you will be granted access to view every profile in its entirety, even The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Updates will be provided as the company moves toward completing the spinoff. It also distributes cement and asphalt oil. You can unsubscribe from these emails at any time. [6] The damages totaled $17.2 million. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. They ensure a project is completed on time and within budget. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Why isnt there a shareholder vote? MDU Resources Group, Inc. All rights reserved. Annual Report. 1150 W. Century Ave. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. MDU Construction Services Group employs more than 7,500 skilled employees across the country. None of the information on this page has been provided or approved by MDU Resources. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 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. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. For more information about MDU Resources, visit the company's website at www.mdu.com. 79 were here. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 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. 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. The proposed separation is subject to customary conditions, including final approval by the MDU Resources board of directors, receipt of a tax opinion and, if determined advisable, a private letter ruling from the Internal Revenue Service, and the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. 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. "Our strategic review of our construction services business also is well underway. [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Resources employees are most likely to be members of the Republican Party. company profile page along with the rest of the general data. You also have the option to opt-out of these cookies. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. This is a growing company where the executive leadership really focuses on a work/life balance. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. 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. Fax: 701-323-3104. 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. Company Mdu Resources Group Inc. 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. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. 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. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. 7% of MDU Resources employees are Hispanic or Latino. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. The national average salary for an MDU Resources employee in the United States is $52,489 per year. Our most recent assessment determined that a separation of Knife River could unlock significant value. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 67% of the management team is White. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. Your entire office will be able to use your search subscription. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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 also have the option to opt-out of these cookies. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. MDU Construction Services Group has resources across the country to get any job done. 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. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, and Wyoming, as well as Idaho, Minnesota, Oregon, and Washington; and offers related value-added services. 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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. 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 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. 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. Analytical cookies are used to understand how visitors interact with the website. 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. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. These cookies will be stored in your browser only with your consent. 02/21/2023. 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. 4% of MDU Resources employees are Black or African American. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Compelling Benefits of the Separation It generated $78 million of EBITDA in 2021. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. You can sign up for additional alert options at any time. They ensure a project is completed on time and within budget. 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.. Get email updates for new Senior Process Analyst jobs in Brea, CA. Second Quarter 2022 Financial Results 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. Analytical cookies are used to understand how visitors interact with the website. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. 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 This cookie is set by GDPR Cookie Consent plugin. Except as required by law, the company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise. 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. Creates financial and strategic flexibility for each company to focus on core business opportunities. Supervised and managed all personnel, work activities and . The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. Advisors Knife River has a successful track record of growth. I am an MDU Resources shareholder. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Necessary cookies are absolutely essential for the website to function properly. MDU Construction Services Group MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Will shareholders of both companies receive a regular dividend post-spinoff? Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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. MDU Resources Group, Inc. ( NYSE: MDU) Q4 2022 Earnings Conference Call February 9, 2023 2:00 PM ET Company Participants Jason Vollmer - VP & CFO David Barney - President & CEO, Knife River. Careers Featured projects Our customers are as varied as our experience. It also distributes cement and asphalt oil. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Knife River generated $293 million of EBITDA in 2021. $4,900 to the Republican Party. 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. This site is NOT monitored 24 hours a day. These cookies do not store any personal information. These cookies will be stored in your browser only with your consent. The average employee at MDU Resources makes $52,489 per year. 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. Executive Summary. Foshay interests this property today comprises Otter Tail Power's Bemidji division), the Eastern Montana Light & Power Company, centered around Sidney and Glendive, Montana, and the Eastern Montana Utilities Co., which was based in Fairview, Montana. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. This will also involve communication with the various functional areas and assistance in the development of training programs. Register for your account and get started with our industry leading people contacts search engine. MDU Resources Group, Inc. | Bismarck ND Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. Posted: January 31, 2023. 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 [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. 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. from 8 AM - 9 PM ET. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. After submitting your request, you will receive an activation email to the requested email address. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. with up to 5 times the number of maximum matches per search vs. non-subscribers. Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. We are sorry, but your computer or network may be sending automated queries. 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. 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. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". MDU Resources Group is traded on the New York Stock Exchange as "MDU." For more information about MDU Resources, visit the company's website at www.mdu.com. 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. 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. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. 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 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. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. This website uses cookies to improve your experience while you navigate through the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. 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. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. We expect this transaction to create significant value for our shareholders and believe it will enable us to achieve attractive shareholder returns at both companies, Goodin said. 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. Marketing Contacts Contacts (5/13) Name Title State . Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. This cookie is set by GDPR Cookie Consent plugin. MDU Construction Services Group provides a full spectrum of construction solutions, from underground utilities and excavation to electrical, mechanical and fire suppression systems as well as transmission and distribution line construction. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. 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. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . Enter the location for your project and choose the product youd like. 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. About Knife River In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. These cookies track visitors across websites and collect information to provide customized ads. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. mdu resources group inc. mdu resources group. 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.