The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. MDU Resources has 69 locations in the United States. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Below youll find a list of the types of career opportunities you can find at Knife River. 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. Employee Directory. 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]. We are always looking at our business mix for opportunities to enhance shareholder value. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. mdu resources inc. 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. Enhanced strategic focus: Each business will be able to pursue individualized strategies specific to the industries in which it operates, and use equity tailored to its own business to enhance acquisition programs and retention and hiring. This cookie is set by GDPR Cookie Consent plugin. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 10-K. Terry Hildestad donated The largest donation made to a political party by an MDU Resources employee was Communities Served North Dakota South Dakota Montana Wyoming 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. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. The most common ethnicity at MDU Resources is White (82%). 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. 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! MDU Construction Services Group 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. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 67% of the management team is White. Statement of Changes in Beneficial Ownership. 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. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. with up to 5 times the number of maximum matches per search vs. non-subscribers. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. 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. This category only includes cookies that ensures basic functionalities and security features of the website. 400 N. Fourth St. Bismarck, ND 58503, MDU Construction Services Group MDU Construction Services Group has resources across the country to get any job done. 7% of MDU Resources employees are Hispanic or Latino. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Skip to content Skip to main nav. from 8 AM - 9 PM ET. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. 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. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. A strong infrastructure is the heart of our country's economy. Knife River generated $293 million of EBITDA in 2021. 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. But opting out of some of these cookies may affect your browsing experience. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 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. 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. Enter the location for your project and choose the product youd like. We also use third-party cookies that help us analyze and understand how you use this website. 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.". Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. When MDU examined DPSC's books after the purchase, they spent the next six years in litigation with NWPS over allegations of improper internal charges between NWPS, NP&L, and NDP&L. These cookies will be stored in your browser only with your consent. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. Main Telephone (866) 760-4852. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. This cookie is set by GDPR Cookie Consent plugin. This site is protected by reCAPTCHA and the Google. 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 Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. These cookies ensure basic functionalities and security features of the website, anonymously. Supervised and managed all personnel, work activities and . The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. Details of Separation Transaction MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. For more information about MDU Resources, visit the company's website at www.mdu.com. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. MDU Resources employees are most likely to be members of the Republican Party. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. 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. What will happen to my outstanding stock? When typing in this field, a list of search results will appear and be automatically updated as you type. 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. By continuing to use this application, you consent to the use of cookies in accordance with our. 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? The national average salary for an MDU Resources employee in the United States is $52,489 per year. Help us make this company more transparent. Our most recent assessment determined that a separation of Knife River could unlock significant value. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. 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. MDU Resources employees are most likely to be members of the republican party. For more information about MDU Resources, visit the company's website at www.mdu.com. This is a growing company where the executive leadership really focuses on a work/life balance. 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 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. 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. 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. Get email updates for new Senior Process Analyst jobs in Brea, CA. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. This cookie is set by GDPR Cookie Consent plugin. How long have you been considering this? Our customers are as varied as our experience. Guests; Log in; Career Center. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. mdu resources group inc. mdu resources. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Forward-Looking Statements The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. 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. These cookies track visitors across websites and collect information to provide customized ads. if we've collected "Sales Lead Information" for a given company, it will be displayed on the
With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. Get notified about new Senior Process Analyst jobs in Brea, CA. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Careers Featured projects Our customers are as varied as our experience. View original content to download multimedia. Research Summary. This will also involve communication with the various functional areas and assistance in the development of training programs. We provide industry leading services with a focus on safety. $20 Hourly. You can sign up for additional alert options at any time. We also use third-party cookies that help us analyze and understand how you use this website. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Creates financial and strategic flexibility for each company to focus on core business opportunities. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. MDU Resources company charter does not require a shareholder vote to complete the transaction. This website uses cookies to improve your experience while you navigate through the website. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. This site is NOT monitored 24 hours a day. 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. 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.