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1200 West Century Avenue. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. This cookie is set by GDPR Cookie Consent plugin. Will shareholders of both companies receive a regular dividend post-spinoff? We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. Skip to content Skip to main nav. The Company's Electric segment generates, transmits, and distributes electricity. This will also involve communication with the various functional areas and assistance in the development of training programs. $4,900 to the Republican Party. Non-GAAP Financial Measures 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. 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. 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. 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. Changes in such assumptions and factors could cause actual future results to differ materially. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. 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. 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. Bismarck, ND 58506. 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. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. MDU Resources is in the electric power natural gas construction industry. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Conference Call MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 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. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. About Knife River 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. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 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***. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. 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. What approvals are required? 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. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". MDU Resources has 10,140 employees, of which 24 are in a leadership position. The Oregon Public Utility Commission faulted MDU subsidiary[4][5] Loy Clark for the 2016 Portland gas explosion that leveled a building, sent asbestos fragments flying, damaged numerous buildings and injured eight people. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. 02/21/2023. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. If you experience any issues with this process, please contact us for further assistance. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. The separation will result in two independent, publicly traded and well . The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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 Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Necessary cookies are absolutely essential for the website to function properly. company profile page along with the rest of the general data. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. These cookies will be stored in your browser only with your consent. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. 4% of MDU Resources employees are Black or African American. When will Knife River shares be distributed? Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. We also use third-party cookies that help us analyze and understand how you use this website. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. 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 group inc. mdu resources group. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. 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. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. 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. Necessary cookies are absolutely essential for the website to function properly. Knife River generated $293 million of EBITDA in 2021. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Initially, Minnesota Northern was only in the business of selling electric power, but entered the natural gas business following its discovery of oil in 1936 in the Williston Basin in Eastern Montana. Enter the location for your project and choose the product youd like. Get notified about new Senior Process Analyst jobs in Brea, CA. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. We 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.. Help other job seekers by rating MDU Resources. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Full-Time. This cookie is set by GDPR Cookie Consent plugin. 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. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. The company is 37.8% female and 18.4% ethnic minorities. These cookies ensure basic functionalities and security features of the website, anonymously. 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. You will love working at Western! Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. For more information, visitwww.kniferiver.com. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. 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. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. SEC Filings. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The company was founded in 1924 and is based in Bismarck, North Dakota. 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 None of the information on this page has been provided or approved by MDU Resources. Analytical cookies are used to understand how visitors interact with the website. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. The average employee at MDU Resources makes $52,489 per year. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The company's principal address . 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. These cookies track visitors across websites and collect information to provide customized ads. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 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. Knife River has a successful track record of growth. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. In 2001, Knife River sold its remaining coal-mining interests. Our customers are as varied as our experience. 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 "Our strategic review of our construction services business also is well underway. Company Mdu Resources Group Inc. 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). The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. 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. 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.

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