Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. The distribution systems in these towns passed into MDU ownership by the early 1940s. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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 . We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. by Terry Hildestad. Visit the Career Advice Hub to see tips on interviewing and resume writing. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 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. 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. Click the link in the email we sent to to verify your email address and activate your job alert. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. $20 Hourly. Necessary cookies are absolutely essential for the website to function properly. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. MDU Resources is in the electric power natural gas construction industry. MDU Resources generates $5.7B in revenue. Annual Report. This is a growing company where the executive leadership really focuses on a work/life balance. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Jan 2004 - Mar 201511 years 3 months. 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! At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. The average employee at MDU Resources makes $52,489 per year. 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. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. The company's principal address . [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. These cookies will be stored in your browser only with your consent. This category only includes cookies that ensures basic functionalities and security features of the website. MDU Resources has 69 locations in the United States. 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. [13], 2016 Portland gas explosion - Loy Clark lawsuits, Last edited on 24 December 2022, at 15:11, Public Utility Holding Company Act of 1935, "MDU Resources Announces 2017 Financial Results, Initiates Guidance for 2018", "MDU - Mdu Resources Group Inc Profile | Reuters", "About Loy Clark Construction - Serving the Portland Metro & Washington", "Pipeline at NW 23rd Ave. blast site was not pierced", "Oregon natural gas explosion injures eight, destroys building", "NW 23rd blast: Excavator dug on wrong side of street, caused natural gas explosion, report says", "10 lawsuits filed in aftermath of NW 23rd Ave. explosions", "Portland bagel shop owners sue pipeline company over 2016 explosion that destroyed business", "Cascade Natural Gas Corp. merger completed", "MDU Resources to Acquire Intermountain Gas Company", https://en.wikipedia.org/w/index.php?title=MDU_Resources&oldid=1129292950, This page was last edited on 24 December 2022, at 15:11. Out of these, 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. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. These cookies will be stored in your browser only with your consent. How long have you been considering this? 79 were here. SEC Filings. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Phone: 800-638-3278. 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. We also use third-party cookies that help us analyze and understand how you use this website. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. The forward-looking statements contained in this release, including statements about MDU Resources' goal to create two pure-play public companies, its planned separation of Knife River Corporation and its strategic review of MDU Construction Services Group, are expressed in good faith and are believed by the company to have a reasonable basis. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. You can sign up for additional alert options at any time. Claiming and updating your company profile on Zippia is free and easy. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. 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. It generated $321 million of EBITDA in 2021. 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. 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. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. "Our strategic review of our construction services business also is well underway. The staff at MDU Resources come from unusually diverse demographic backgrounds. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Executive Summary. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. MDU Resources has 10,140 employees, of which 24 are in a leadership position. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 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. Full-Time. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. 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. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. MDU Resources Group, Inc. 4.6 Glendive, MT Jobs $76.8k-96k yearly 2d ago Software Developer Intern (2 positions) MDU Resources Group, Inc. 4.6 Bismarck, ND Jobs $17.5 hourly 4d ago 4/10 Production Assembler (1st Shift) Cenergy 4.7 Simi Valley, CA Jobs $20-22 hourly 7d ago Customer Service Representative I MDU Resources Group, Inc. 4.6 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: 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. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. See if MDU Resources is hiring near you. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . Careers Featured projects Our customers are as varied as our experience. These cookies will be stored in your browser only with your consent. It generated $78 million of EBITDA in 2021. To protect our site, we cannot process your request right now. 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. MDU Resources Group, Inc. is a power company based in Bismarck, ND. These cookies do not store any personal information. This website uses cookies to improve your experience while you navigate through the website. On average, employees at MDU Resources stay with the company for 5.3 years. Primary Address. 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***. Our construction services bring power to communities and neighborhoods across the country. 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. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. By continuing to use this application, you consent to the use of cookies in accordance with our. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . The event can be accessed atwww.mdu.com. 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. Analytical cookies are used to understand how visitors interact with the website. The cookie is used to store the user consent for the cookies in the category "Other. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. After submitting your request, you will receive an activation email to the requested email address. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. 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 Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Fax: 701-323-3104. 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. Non-GAAP Financial Measures Bismarck, ND 58506. You also have the option to opt-out of these cookies. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. 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 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Help us make this company more transparent. It does not store any personal data. Bismarck, ND 58503, MDU Construction Services Group 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 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. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. But opting out of some of these cookies may affect your browsing experience. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. 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. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 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. 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. Supervised and managed all personnel, work activities and . Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . 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. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. It performs integrated contracting services. In 2001, Knife River sold its remaining coal-mining interests. We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. 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. Company Mdu Resources Group Inc. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. 1025 1250 W. Century Ave. Bismarck, ND 58501 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. Register for your account and get started with our industry leading people contacts search engine. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. The companies have since partnered on two base-load power plants (Big Stone and Coyote). Help other job seekers by rating MDU Resources. 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 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 Group engages in the regulated energy delivery, construction materials and services businesses. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Skip to content Skip to main nav. 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. Main Telephone (866) 760-4852. MDU Construction Services Group has resources across the country to get any job done.
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