The Natural Gas Distribution segment distributes natural gas and offers related value-added services. But opting out of some of these cookies may have an effect on your browsing experience. We work underground and overhead in the transmission and distribution industry. Its founder, Rolland Heskett, had previously been involved with utilities in Wisconsin and northeast Minnesota (the forerunners of Wisconsin Public Service Corporation and Minnesota Power (& Light Co.), respectively). Help other job seekers by rating MDU Resources. MDU Resources Group, Inc. | LinkedIn 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 if the company chooses to hide the private information on their profile from the general public. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. The distribution systems in these towns passed into MDU ownership by the early 1940s. Address: 1200 W Century Ave Bismarck, ND, 58503-0911 United States See other locations Phone: Website: www.mdu.com Employees (this site): Actual Employees (all sites): Actual Revenue: $5.68 billion Actual Sales Growth: 2.67% Net Income Growth: -3.09% Assets: $8,910 Fiscal Year End: DEC Year Started: Stock Exchange: NYSE:MDU ESG ranking: Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. How did this transaction come about? The Construction Services segment designs, constructs, and maintains overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines; electrical and communication wiring and infrastructure, and fire suppression systems; and renewable energy projects. MDU Resources Group, Inc. (MDU) Q4 2022 Earnings Call Transcript How long have you been considering this? Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. MDU Resources Group, Inc. | Bismarck ND 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. See if MDU Resources is hiring near you. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. 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]. The company was founded in 1924 and is based in Bismarck, North Dakota. Spinoff of Knife River expected to unlock significant shareholder value. No. mdu resources group inc. mdu resources. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. [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 Resources Group, Inc. is a power company based in Bismarck, ND. 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. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding MDU Resources and the proposed spinoff of Knife River that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1993, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Mercury Insurance hiring Sr Process Analyst in Brea, California, United Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Founded in 1966, ESI, Inc. is part of the MDU Resources family 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 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 Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, 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. Why isnt there a shareholder vote? The company anticipates completing the strategic review in the first half of 2023. 12 on list of top 600 specialty contractors. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. About Us - Montana-Dakota Utilities Company The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. mdu resources group inc. mdu resources group. We also use third-party cookies that help us analyze and understand how you use this website. None of the information on this page has been provided or approved by MDU Resources. 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. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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. 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. 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. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. MDU Resources is in the electric power natural gas construction industry. Supervised and managed all personnel, work activities and . Second Quarter 2022 Financial Results Search Keywords. 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.. 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.". Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". Guests; Log in; Career Center. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. Recognition Archives - MDU Resources Group Inc. Rebecca Dorwart at Mdu Resources Group Inc. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. 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. You must click the activation link in order to complete your subscription. These cookies will be stored in your browser only with your consent. 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. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. 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 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). Jan 2004 - Mar 201511 years 3 months. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. if we've collected "Sales Lead Information" for a given company, it will be displayed on the For more information about MDU Resources, visit the company's website at www.mdu.com. 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. Project Managers are responsible for planning, implementing, and managing projects. This category only includes cookies that ensures basic functionalities and security features of the website. You also have the option to opt-out of these cookies. 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. Average MDU Resources Group Salary: By Location, Job Title - Zippia Have you worked at MDU Resources? It performs integrated contracting services. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. This cookie is set by GDPR Cookie Consent plugin. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. You also have the option to opt-out of these cookies. 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. Our customers are as varied as our experience. Working At MDU Resources: Employee Reviews and Culture The MDU Resources board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. 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. 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. | Bismarck ND - Facebook These cookies do not store any personal information. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. Executive Summary. What will happen to my outstanding stock? 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. 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 MDU Resources Group is traded on the New York Stock Exchange as "MDU." For more information about MDU Resources, visit the company's website at www.mdu.com. MDU Resources Locations Bismarck, ND HQ Hiring Albany, OR Beaumont, TX Belgrade, MT Bemidji, MN Bend, OR Billings, MT Hiring Bremerton, WA Bryan, TX Burleson, TX Casper, WY Central Point, OR MDU Resources has retained J.P. Morgan Securities LLC and PJT Partners as financial advisors and Wachtell, Lipton, Rosen & Katz as legal advisor for the review. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. By continuing to use this application, you consent to the use of cookies in accordance with our. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. About Us - Cascade Natural Gas Corporation MDU Resources generates $5.7B in revenue. This is a growing company where the executive leadership really focuses on a work/life balance. Non-GAAP Financial Measures Creates financial and strategic flexibility for each company to focus on core business opportunities. This site is protected by reCAPTCHA and the Google. Our most recent assessment determined that a separation of Knife River could unlock significant value. This category only includes cookies that ensures basic functionalities and security features of the website. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, But opting out of some of these cookies may affect your browsing experience. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. The largest donation made to a political party by an MDU Resources employee was The company's principal address . Necessary cookies are absolutely essential for the website to function properly. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Annual Report. 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. 7% of MDU Resources employees are Hispanic or Latino. 4. Bismarck, ND 58503, MDU Construction Services Group Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. 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.". When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Click the link in the email we sent to to verify your email address and activate your job alert. Rebecca Dorwart's job functions are Human Resources, Operations, Rebecca Dorwart's work email address is ***************@mdu.com, Rebecca Dorwart's LinkedIn profile can be found at, Rebecca Dorwart's work phone number (HQ) is +1 701-530-1***. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. We also use third-party cookies that help us analyze and understand how you use this website. Cyber Security Intern - Career Center | University of Southern California 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 Group Company Profile - Office Locations - Craft Below youll find a list of the types of career opportunities you can find at Knife River. For more information about MDU Resources, visit the company's website at www.mdu.com. 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.
★★★★★ 4.5/5
★★★★★ 4.9/5
★★★★★ 4.8/5