The company's filing status is listed as Active and its File Number is 1981716. 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. This cookie is set by GDPR Cookie Consent plugin. We work underground and overhead in the transmission and distribution industry. 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. If you experience any issues with this process, please contact us for further assistance. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. 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. Working at MDU Resources Group, Inc.: 8 Reviews - Indeed You must click the activation link in order to complete your subscription. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. MDU Resources - Wikipedia Advisors 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 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 Messages will be read and responded to as soon as. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Jan 2004 - Mar 201511 years 3 months. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Help us make this company more transparent. Careers Featured projects Our customers are as varied as our experience. Help other job seekers by rating MDU Resources. Will shareholders of both companies receive a regular dividend post-spinoff? The company was founded in 1924 and is based in Bismarck, North Dakota. Western National Group. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. Primary Address. 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 separation is expected to be completed in 2023. Full-Time. The company is 37.8% female and 18.4% ethnic minorities. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. We are always looking at our business mix for opportunities to enhance shareholder value. Payment Locations - Montana-Dakota Utilities Company It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. The cookie is used to store the user consent for the cookies in the category "Analytics". Our estimates are verified against BLS, Census, and current job openings data for accuracy. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Resources is in the electric power natural gas construction industry. This website uses cookies to improve your experience while you navigate through the website. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. 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. MDU Resources Group - Overview, News & Competitors - ZoomInfo $20 Hourly. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. MDU Resources Expects Second Quarter Spinoff of Knife River Corp 4% of MDU Resources employees are Black or African American. Analytical cookies are used to understand how visitors interact with the website. Working at MDU Resources Group, Inc.: 8 Reviews - indeed.com 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. 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. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. 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. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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). 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. MDU Resources company charter does not require a shareholder vote to complete the transaction. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. 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. 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. 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***. Have you worked at MDU Resources? 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 Group engages in the regulated energy delivery, construction materials and services businesses. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. 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. 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. What approvals are required? 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. MDU Resources Group Company Profile - Office Locations - Craft 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. What will happen to my outstanding stock? The national average salary for an MDU Resources employee in the United States is $52,489 per year. You can unsubscribe from these emails at any time. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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. 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. Get notified about new Senior Process Analyst jobs in Brea, CA. 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. 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. How long have you been considering this? You also have the option to opt-out of these cookies. MDU Resources Group headquarters and office locations - Craft This will also involve communication with the various functional areas and assistance in the development of training programs. This site is protected by reCAPTCHA and the Google. When will Knife River shares be distributed? Bismarck, ND 58506. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. Knife River is always looking for good people to join our team. Necessary cookies are absolutely essential for the website to function properly. By continuing to use this application, you consent to the use of cookies in accordance with our. The separation will result in two independent, publicly traded and well . Terry Hildestad donated 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. MDU Construction Services Group has resources across the country to get any job done. company profile page along with the rest of the general data. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. MDU Resources Group, Inc. Careers and Employment, US 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.". The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Research Summary. We also use third-party cookies that help us analyze and understand how you use this website. Knife River has a successful track record of growth. 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. USA. MDU Resources Surplus Auction - Cabinet Leasing Consultant Job in Brea, CA at Western National Group United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Skip to content Skip to main nav. You will love working at Western! 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 Enter the location for your project and choose the product youd like. 400 N. Fourth St. How will this impact MDU Resources current quarterly dividend? The most common ethnicity at MDU Resources is White (82%). Statement of Changes in Beneficial Ownership. 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. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. The company's principal address . 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. Communities Served North Dakota South Dakota Montana Wyoming MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. 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. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. 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. Non-GAAP Financial Measures Necessary cookies are absolutely essential for the website to function properly. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 SEC Filings. It is mandatory to procure user consent prior to running these cookies on your website. 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. We also use third-party cookies that help us analyze and understand how you use this website. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. Supervised and managed all personnel, work activities and . Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. MDU Resources Group, Inc. | LinkedIn The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. You can sign up for additional alert options at any time. 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. Why isnt there a shareholder vote? 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. Amazing things happen when you're having fun and doing something you love. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. These cookies will be stored in your browser only with your consent. Home - MDU Resources Group Inc. Compelling Benefits of the Separation [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. A strong infrastructure is the heart of our country's economy. 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. It generated $321 million of EBITDA in 2021. MDU Resources Office Locations and Headquarters: Bismarck, ND 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. 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. When is the spinoff expected to be completed? MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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 has 69 locations in the United States. No. The event can be accessed atwww.mdu.com. Cyber Security Intern - Career Center | University of Southern California 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. 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: 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.
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