MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. MDU Resources employees are most likely to be members of the Republican Party. Following the planned separation, MDU Resources will remain headquartered in Bismarck, North Dakota, and continue to be the parent company for MDU Resources existing regulated electric and natural gas utilities (Cascade Natural Gas Corp., Intermountain Gas Co., Montana-Dakota Utilities Co.), natural gas pipeline business (WBI Energy, Inc.) and construction services company (MDU Construction Services Group, Inc.). 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.. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 02/24/2023. Have you worked at MDU Resources? It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. 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. 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. These cookies ensure basic functionalities and security features of the website, anonymously. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 4% of MDU Resources employees are Black or African American. 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. The companies have since partnered on two base-load power plants (Big Stone and Coyote). Updates will be provided as the company moves toward completing the spinoff. Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. 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. Changes in such assumptions and factors could cause actual future results to differ materially. This website uses cookies to improve your experience while you navigate through the website. 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. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. The company's principal address . These cookies do not store any personal information. If you experience any issues with this process, please contact us for further assistance. 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. MDU Construction Services Group has resources across the country to get any job done. However with being a great place to work comes longevity. 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 Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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). 12 on list of top 600 specialty contractors. mdu resources group inc. mdu resources group. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. 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. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. We are sorry, but your computer or network may be sending automated queries. Main Telephone (866) 760-4852. Spinoff of Knife River expected to unlock significant shareholder value. This website uses cookies to improve your experience while you navigate through the website. No. After submitting your request, you will receive an activation email to the requested email address. 1025 1250 W. Century Ave. Bismarck, ND 58501 This is a growing company where the executive leadership really focuses on a work/life balance. 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. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Conference Call Full-Time. We work underground and overhead in the transmission and distribution industry. After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. MDU Construction Services Group employs more than 7,500 skilled employees across the country. Research Summary. You can sign up for additional alert options at any time. Brea, CA. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. But opting out of some of these cookies may affect your browsing experience. The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. The distribution systems in these towns passed into MDU ownership by the early 1940s. 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. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . 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. 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. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. It also distributes cement and asphalt oil. 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. Phone: 800-638-3278. It is mandatory to procure user consent prior to running these cookies on your website. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. 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 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. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. Creates financial and strategic flexibility for each company to focus on core business opportunities. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. company profile page along with the rest of the general data. You also have the option to opt-out of these cookies. 1200 West Century Avenue. On average, employees at MDU Resources stay with the company for 5.3 years. 7% of MDU Resources employees are Hispanic or Latino. You can unsubscribe from these emails at any time. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. 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 The separation is expected to have a number of benefits for MDU Resources and Knife River stakeholders, including: MDU Resources: Regulated Utility and Infrastructure Business Focused on Building a Strong America Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Help us make this company more transparent. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. 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. 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. I am an MDU Resources shareholder. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Analytical cookies are used to understand how visitors interact with the website. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. [6] The damages totaled $17.2 million. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. We also use third-party cookies that help us analyze and understand how you use this website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. You also have the option to opt-out of these cookies. 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. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. What approvals are required? Forward-Looking Statements You must click the activation link in order to complete your subscription. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. 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. Enter the location for your project and choose the product youd like. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. About Knife River No assurance can be given regarding the form that a spinoff transaction may take or the specific terms or timing thereof, or that a spinoff will in fact occur. 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. This website uses cookies to improve your experience while you navigate through the website. The average employee at MDU Resources makes $52,489 per year. 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. This cookie is set by GDPR Cookie Consent plugin. Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2023! 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. 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. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. 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 Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. This category only includes cookies that ensures basic functionalities and security features of the website. Knife River has a successful track record of growth. 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. 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. Second Quarter 2022 Financial Results Necessary cookies are absolutely essential for the website to function properly. In addition, all pages on Bizapedia will be
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. See if MDU Resources is hiring near you. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. We are always looking at our business mix for opportunities to enhance shareholder value. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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.