Phone: 800-638-3278. Updates will be provided as the company moves toward completing the spinoff. 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 expect this transaction to create significant value for our shareholders and believe it will enable us to achieve attractive shareholder returns at both companies, Goodin said. 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. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. [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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Supervised and managed all personnel, work activities and . 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. Referrals increase your chances of interviewing at Mercury Insurance by 2x. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Early history[ edit] You will love working at Western! These cookies do not store any personal information. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. Bismarck, ND 58503, MDU Construction Services Group This cookie is set by GDPR Cookie Consent plugin. MDU Resources Group, Inc. | Bismarck ND 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.. Executive Summary. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. Guests; Log in; Career Center. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. 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. 4. 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. You can sign up for additional alert options at any time. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. About MDU Resources The company's filing status is listed as Active and its File Number is 1981716. 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Messages will be read and responded to as soon as. Unlike its neighboring utilities, MDU was generally not in the business of reselling energy at wholesale to other companies, with the exception of five Eastern Montana towns then served by the Mountain States Power Company. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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 company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. 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. Click the link in the email we sent to to verify your email address and activate your job alert. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . Selecting the value will change the page content. We also use third-party cookies that help us analyze and understand how you use this website. The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Communities Served North Dakota South Dakota Montana Wyoming Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 02/21/2023. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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.". The cookie is used to store the user consent for the cookies in the category "Other. What approvals are required? 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. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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. Help other job seekers by rating MDU Resources. 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. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Looking for Montana-Dakota Utilities? from 8 AM - 9 PM ET. 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. 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. It does not store any personal data. Knife River has a successful track record of growth. It generated $169 million of EBITDA in 2021. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 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. 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. Forward-Looking Statements 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. Posted: January 31, 2023. Visit the Career Advice Hub to see tips on interviewing and resume writing. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. MDU Construction Services Group has resources across the country to get any job done. How will this impact MDU Resources current quarterly dividend? Rebecca works for Mdu Resources Group Inc. Rebecca Dorwart has been with Mdu Resources Group Inc. for 6 months and is in Lower Management, Rebecca's role is Manager: Project Manager, Human Resources Special Projects Manager. MDU Construction Services Group employs more than 7,500 skilled employees across the country. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. MDU Resources Group, Inc. ( NYSE: MDU) Q4 2022 Earnings Conference Call February 9, 2023 2:00 PM ET Company Participants Jason Vollmer - VP & CFO David Barney - President & CEO, Knife River. Careers Featured projects Our customers are as varied as our experience. On average, employees at MDU Resources stay with the company for 5.3 years. Necessary cookies are absolutely essential for the website to function properly. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. MDU Resources employees are most likely to be members of the republican party. Details of Separation Transaction The distribution systems in these towns passed into MDU ownership by the early 1940s. This website uses cookies to improve your experience while you navigate through the website. What will happen to my outstanding stock? This site is protected by reCAPTCHA and the Google. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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? 67% of the management team is White. It also provides cathodic protection and other energy-related services. But opting out of some of these cookies may have an effect on your browsing experience. 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. 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. 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. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. Compelling Benefits of the Separation Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. 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. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Spinoff of Knife River expected to unlock significant shareholder value. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. If you experience any issues with this process, please contact us for further assistance. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. 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. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. 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. 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. 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. 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 Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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 Get email updates for new Senior Process Analyst jobs in Brea, CA. 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. Conference Call MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . None of the information on this page has been provided or approved by MDU Resources. Get notified about new Senior Process Analyst jobs in Brea, CA. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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. Fax: 701-323-3104. 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. It also distributes cement and asphalt oil. Necessary cookies are absolutely essential for the website to function properly. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. But opting out of some of these cookies may affect your browsing experience. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. These cookies will be stored in your browser only with your consent. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics if we've collected "Sales Lead Information" for a given company, it will be displayed on the 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. 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. 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. Second Quarter 2022 Financial Results 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. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. No. Audio and webcast replays will be available through Aug. 18, 2022, at 888-203-1112, or 719-457-0820 for international callers, passcode ID 3010359. Creates financial and strategic flexibility for each company to focus on core business opportunities. [8] Two additional lawsuits were filed against Loy Clark in December 2019. mdu resources group. 1015 1200 W. Century Ave. Bismarck, ND 58503 Email MDU Construction Services Group, Inc. Tom Nosbusch 701-530-1352 1150 W. Century Ave. Bismarck, ND 58503 Email WBI Energy, Inc. Melinda Steckler 701-530-1025 or 800-437-8000, ext. The average employee at MDU Resources makes $52,489 per year. MDU Construction Services Group provides a full spectrum of construction solutions, from underground utilities and excavation to electrical, mechanical and fire suppression systems as well as transmission and distribution line construction. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. company profile page along with the rest of the general data. It generated $78 million of EBITDA in 2021. MDU Resources Group, Inc. 4.6 Glendive, MT Jobs $76.8k-96k yearly 2d ago Software Developer Intern (2 positions) MDU Resources Group, Inc. 4.6 Bismarck, ND Jobs $17.5 hourly 4d ago 4/10 Production Assembler (1st Shift) Cenergy 4.7 Simi Valley, CA Jobs $20-22 hourly 7d ago Customer Service Representative I MDU Resources Group, Inc. 4.6 Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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.

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