Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. On average, employees at MDU Resources stay with the company for 5.3 years. Supervised and managed all personnel, work activities and . 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. 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. 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. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. These cookies ensure basic functionalities and security features of the website, anonymously. Our customers are as varied as our experience. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. 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. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. 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. Necessary cookies are absolutely essential for the website to function properly. Search Keywords. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Financial Contact:Brent Miller, director of financial projects and investor relations, 701-530-1730Media Contact:Laura Lueder, manager of communications and public relations, 701-530-1095, Cision Distribution 888-776-0942 About Us - Intermountain Gas Company These cookies do not store any personal information. Our construction services bring power to communities and neighborhoods across the country. Bismarck, ND 58503, MDU Construction Services Group [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. 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. The cookie is used to store the user consent for the cookies in the category "Performance". 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 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. 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. company profile page along with the rest of the general data. When typing in this field, a list of search results will appear and be automatically updated as you type. 67% of the management team is White. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. Your entire office will be able to use your search subscription. Click the link in the email we sent to to verify your email address and activate your job alert. 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. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 None of the information on this page has been provided or approved by MDU Resources. 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. MDU Construction Services Group employs more than 7,500 skilled employees across the country. They ensure a project is completed on time and within budget. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. Creates financial and strategic flexibility for each company to focus on core business opportunities. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. Project Managers are responsible for planning, implementing, and managing projects. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. 79 were here. Our estimates are verified against BLS, Census, and current job openings data for accuracy. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics [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. MDU Construction Services Group has resources across the country to get any job done. The company anticipates completing the strategic review in the first half of 2023. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. It also distributes cement and asphalt oil. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". It generated $78 million of EBITDA in 2021. MDU Construction Services Group is comprised of 16 local operating companies employing more than 8,500 skilled workers during peak season and has been ranked the fourth largest U.S. electrical contractor. Second Quarter 2022 Financial Results Primary Address. It generated $169 million of EBITDA in 2021. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. In addition, Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. When will Knife River shares be distributed? If you experience any issues with this process, please contact us for further assistance. 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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. 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. You must click the activation link in order to complete your subscription. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Register for your account and get started with our industry leading people contacts search engine. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. It does not store any personal data. Employee Directory. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. 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. 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. When is the spinoff expected to be completed? 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 providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. MDU Resources Group Inc - Financials - SEC Filings Company Mdu Resources Group Inc. Knife River is always looking for good people to join our team. 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. Knife River produces and delivers aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. The 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. 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. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. You also have the option to opt-out of these cookies. Tim W. Harrington - Head of IT - Bestop, Inc. | LinkedIn [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. MDU Resources Group - Overview, News & Competitors - ZoomInfo Looking for Montana-Dakota Utilities? 1025 1250 W. Century Ave. Bismarck, ND 58501 While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. 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 calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. Changes in such assumptions and factors could cause actual future results to differ materially. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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.". What approvals are required? MDU Resources Surplus Auction - Cabinet 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. It also provides cathodic protection and other energy-related services. We work underground and overhead in the transmission and distribution industry. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. MDU Resources - Wikipedia The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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 most common ethnicity at MDU Resources is White (82%). "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. Non-GAAP Financial Measures Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. We also use third-party cookies that help us analyze and understand how you use this website. 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. MDU Construction Services Group, Inc. | Specialty Construction Services We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. Advisors Analytical cookies are used to understand how visitors interact with the website. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . 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. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Knife River Separation - MDU Resources Group Inc. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. MDU Resources Group headquarters and office locations - Craft Fax: 701-323-3104. 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 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. This website uses cookies to improve your experience while you navigate through the website. Posted: January 31, 2023. It is headquartered in Bismarck, North Dakota, and operates in 48 states. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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 . You also have the option to opt-out of these cookies. Help us make this company more transparent. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. How did this transaction come about? 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. 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. Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. 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. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. 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. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. Get notified about new Senior Process Analyst jobs in Brea, CA. 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. 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. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. Loading. 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. 1150 W. Century Ave. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. MDU Resources Group, Inc. Corporate Profile - Winmo Subsidiaries to MDU Resources include Young Brothers Inc Contractors. 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. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Will shareholders of both companies receive a regular dividend post-spinoff? The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. 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.. It is mandatory to procure user consent prior to running these cookies on your website. MDU Resources employees are most likely to be members of the Republican Party.
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