4. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. This website uses cookies to improve your experience while you navigate through the website. 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. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 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. We also use third-party cookies that help us analyze and understand how you use this website. Western National Group. This cookie is set by GDPR Cookie Consent plugin. Visit the Career Advice Hub to see tips on interviewing and resume writing. 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. MDU Resources employees are most likely to be members of the republican party. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. mdu resources inc. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. 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. Conference Call Loading. 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. SEC Filings. This website uses cookies to improve your experience while you navigate through the website. These cookies track visitors across websites and collect information to provide customized ads. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. These cookies will be stored in your browser only with your consent. 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. These cookies do not store any personal information. These cookies ensure basic functionalities and security features of the website, anonymously. 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. 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. 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. Fax: 701-323-3104. 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. mdu resources group inc. mdu resources. 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.". 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. I am an MDU Resources shareholder. 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. 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). MDU Construction Services Group employs more than 7,500 skilled employees across the country. Annual Report. 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 . Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. MDU 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. Necessary cookies are absolutely essential for the website to function properly. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. It is mandatory to procure user consent prior to running these cookies on your website. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of 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. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. 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. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. 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. 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. Brea, CA. 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.. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. Messages will be read and responded to as soon as. Click the link in the email we sent to to verify your email address and activate your job alert. 79 were here. Have you worked at MDU Resources? 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! Employee Directory. This site is NOT monitored 24 hours a day. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. Throughout this news release, MDU Resources presents financial information prepared in accordance with GAAP, as well as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which is considered a non-GAAP financial measure. When typing in this field, a list of search results will appear and be automatically updated as you type. -Jenna Lyons. 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. For more information about MDU Resources, visit the company's website at www.mdu.com. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. On average, employees at MDU Resources stay with the company for 5.3 years. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. This is a growing company where the executive leadership really focuses on a work/life balance. 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. When will Knife River shares be distributed? We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Supervised and managed all personnel, work activities and . Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. 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. By continuing to use this application, you consent to the use of cookies in accordance with our. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Your entire office will be able to use your search subscription. 67% of the management team is White. Bismarck, ND 58503, MDU Construction Services Group Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. These cookies will be stored in your browser only with your consent. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. Knife River has a successful track record of growth. [6] The damages totaled $17.2 million. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 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. 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. What is the strategic rationale for spinning off Knife River? We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. 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. Necessary cookies are absolutely essential for the website to function properly. No. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 By continuing to use this application, you consent to the use of cookies in accordance with our. The company is 37.8% female and 18.4% ethnic minorities. 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. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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. Posted: January 31, 2023. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. 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. 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]. 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. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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 Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. Careers Featured projects Our customers are as varied as our experience. 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. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Early history[ edit] Our construction services bring power to communities and neighborhoods across the country. 12 on list of top 600 specialty contractors. Claiming and updating your company profile on Zippia is free and easy. 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 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. 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. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. The companies have since partnered on two base-load power plants (Big Stone and Coyote). 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. However with being a great place to work comes longevity. "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. Get email updates for new Senior Process Analyst jobs in Brea, CA. 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. It also distributes cement and asphalt oil. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. The average employee at MDU Resources makes $52,489 per year. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. This site is protected by reCAPTCHA and the Google. The staff at MDU Resources come from unusually diverse demographic backgrounds. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Our most recent assessment determined that a separation of Knife River could unlock significant value. See if MDU Resources is hiring near you. MDU Resources is in the electric power natural gas construction industry. MDU Construction Services Group has resources across the country to get any job done. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. USA. 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! 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. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. In 2001, Knife River sold its remaining coal-mining interests. 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. You must click the activation link in order to complete your subscription. 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. 02/24/2023. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Register for your account and get started with our industry leading people contacts search engine. It does not store any personal data. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. View original content to download multimedia. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. The company was founded in 1924 and is based in Bismarck, North Dakota. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Performance". 400 N. Fourth St. 02/21/2023. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. This website uses cookies to improve your experience while you navigate through the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. This cookie is set by GDPR Cookie Consent plugin. Phone: 800-638-3278. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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. Non-GAAP financial measures are not standardized; therefore, it may not be possible to compare such financial measures with other companies non-GAAP financial measures having the same or similar names. 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. But opting out of some of these cookies may have an effect on your browsing experience. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. The MDU Resources board believes Knife River is ready to continue its success as a stand-alone public company and take full advantage of anticipated work resulting from federal infrastructure funding. The Company's Electric segment generates, transmits, and distributes electricity. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. $20 Hourly. MDU Resources company charter does not require a shareholder vote to complete the transaction. 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 cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Communities Served North Dakota South Dakota Montana Wyoming The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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.
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