served to you completely ad free and you will be granted access to view every profile in its entirety, even Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. I am an MDU Resources shareholder. with up to 5 times the number of maximum matches per search vs. non-subscribers. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. The most common ethnicity at MDU Resources is White (82%). 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. 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. 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. Compelling Benefits of the Separation 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. A strong infrastructure is the heart of our country's economy. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. Help us make this company more transparent. 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. MDU Construction Services Group employs more than 7,500 skilled employees across the country. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Why isnt there a shareholder vote? Will shareholders of both companies receive a regular dividend post-spinoff? It generated $169 million of EBITDA in 2021. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. However with being a great place to work comes longevity. In 2001, Knife River sold its remaining coal-mining interests. You also have the option to opt-out of these cookies. 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 In addition, all pages on Bizapedia will be You will love working at Western! 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. 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! We believe the spinoff will create many compelling benefits, including: With a successful track record of organic and M&A-driven growth, we have built Knife River into a leading aggregates-based 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. Selecting the value will change the page content. 12 on list of top 600 specialty contractors. 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. 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. When is the spinoff expected to be completed? [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Necessary cookies are absolutely essential for the website to function properly. You can sign up for additional alert options at any time. This will also involve communication with the various functional areas and assistance in the development of training programs. What will happen to my outstanding stock? MDU Resources got its start in 1924 as the Minnesota Northern Power Company. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Necessary cookies are absolutely essential for the website to function properly. 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 cookie is used to store the user consent for the cookies in the category "Performance". 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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. What is the strategic rationale for spinning off Knife River? When will Knife River shares be distributed? Changes in such assumptions and factors could cause actual future results to differ materially. Statement of Changes in Beneficial Ownership. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . if we've collected "Sales Lead Information" for a given company, it will be displayed on the The staff at MDU Resources come from unusually diverse demographic backgrounds. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. 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 . MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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. None of the information on this page has been provided or approved by MDU Resources. Our most recent assessment determined that a separation of Knife River could unlock significant value. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Get notified about new Senior Process Analyst jobs in Brea, CA. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 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. Click Here. Bismarck, ND 58503, MDU Construction Services Group 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. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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. Who is MDU Resources Group Headquarters 1200 W Century Ave, Bismarck, North Dakota, 58503, United States Phone Number (701) 530-1000 Website www.mdu.com Revenue $5.9B Stock Symbol MDU Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment MDU Resources Group's Social Media Is this data correct? Click the link in the email we sent to to verify your email address and activate your job alert. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". [6] The damages totaled $17.2 million. As it expanded across Eastern Montana and western North Dakota, it acquired the electric franchise for Miles City, Montana, after an acquisition struggle with the Montana Power Company.[3]. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. 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. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. 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: 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 separation is expected to be completed in 2023. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. The company's filing status is listed as Active and its File Number is 1981716. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. The cookies is used to store the user consent for the cookies in the category "Necessary". Below youll find a list of the types of career opportunities you can find at Knife River. 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. 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. This cookie is set by GDPR Cookie Consent plugin. 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. To protect our site, we cannot process your request right now. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. It also distributes cement and asphalt oil. How long have you been considering this? MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. The company was founded in 1924 and is based in Bismarck, North Dakota. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. See if MDU Resources is hiring near you. 4% of MDU Resources employees are Black or African American. These cookies will be stored in your browser only with your consent. MDU Resources competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. 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.). Guests; Log in; Career Center. View original content to download multimedia. Advisors Your entire office will be able to use your search subscription. 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 The cookie is used to store the user consent for the cookies in the category "Analytics". The company anticipates completing the strategic review in the first half of 2023. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. SEC Filings. It is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and also receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free. 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. 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 creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. 67% of the management team is White. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. mdu resources group. 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 MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics 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. The company's principal address . It is headquartered in Bismarck, North Dakota, and operates in 48 states. 1200 West Century Avenue. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, Subsidiaries to MDU Resources include Young Brothers Inc Contractors. The average employee at MDU Resources makes $52,489 per year. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Claiming and updating your company profile on Zippia is free and easy. 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. Bismarck, ND 58506. For more information, visitwww.kniferiver.com. These cookies do not store any personal information. 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. 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. 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. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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. You must click the activation link in order to complete your subscription. 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. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. 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. 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. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. Our construction services bring power to communities and neighborhoods across the country. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. 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. This category only includes cookies that ensures basic functionalities and security features of the website. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. $20 Hourly. mdu resources inc. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. This website uses cookies to improve your experience while you navigate through the website. 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. 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). These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. MDU Resources generates $5.7B in revenue. This website uses cookies to improve your experience while you navigate through the website. 02/24/2023. Spinoff of Knife River expected to unlock significant shareholder value. Support Product Field and Product Research & Development on Rule and Underwriting Guideline analysis and recommendations for both current features and offerings, and those that will be developed in the future. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. This cookie is set by GDPR Cookie Consent plugin. Second Quarter 2022 Financial Results We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. Careers Featured projects Our customers are as varied as our experience. Conference Call 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. Annual Report. MDU Resources's mission statement is "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.". Phone: 800-638-3278. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Executive Summary. The event can be accessed atwww.mdu.com. 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. 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 separation will result in two independent, publicly traded and well . Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. 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. 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. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. About Knife River Jan 2004 - Mar 201511 years 3 months. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. It is mandatory to procure user consent prior to running these cookies on your website. 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. 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. 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.