mdu resources group locations

For more information, visitwww.kniferiver.com. However with being a great place to work comes longevity. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. This cookie is set by GDPR Cookie Consent plugin. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. It also distributes cement and asphalt oil. served to you completely ad free and you will be granted access to view every profile in its entirety, even Changes in such assumptions and factors could cause actual future results to differ materially. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. You must click the activation link in order to complete your subscription. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. The average employee at MDU Resources makes $52,489 per year. You also have the option to opt-out of these cookies. 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. 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. Spinoff of Knife River expected to unlock significant shareholder value. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . -Jenna Lyons. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . MDU Resources employees are most likely to be members of the republican party. 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. 02/21/2023. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Company Mdu Resources Group Inc. But opting out of some of these cookies may affect your browsing experience. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. To protect our site, we cannot process your request right now. You will love working at Western! 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]. 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. Fax: 701-323-3104. 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 Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Careers Featured projects Our customers are as varied as our experience. These cookies do not store any personal information. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 MDU Construction Services Group Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. In 2001, Knife River sold its remaining coal-mining interests. Best Companies to Work For in North Dakota, Best Energy Companies to Work For in North Dakota, Best Companies to Work For in Bismarck, ND, Best Energy Companies to Work For in Bismarck, ND, Working At DTE (Detroit Tool & Engineering), Working At Centennial Energy Resources LLC, MDU Resources Heavy Equipment Operator Jobs, MDU Resources Apprentice Electrician Jobs. Primary Address. 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. Click the link in the email we sent to to verify your email address and activate your job alert. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. In addition, 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. 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 national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. Full-Time. We are always looking at our business mix for opportunities to enhance shareholder value. 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. MDU Resources Group, Inc. website Headquartered in Bismarck, ND, MDU Resources Group, Inc. is celebrating our 90th year of Building a Strong America with value-added natural resources products and related services that are essential to energy and transportation infrastructure. Get email updates for new Senior Process Analyst jobs in Brea, CA. if the company chooses to hide the private information on their profile from the general public. What is the strategic rationale for spinning off Knife River? 7% of MDU Resources employees are Hispanic or Latino. Why isnt there a shareholder vote? Advisors 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. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. $20 Hourly. See if MDU Resources is hiring near you. 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 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. Except as required by law, the company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise. Research Summary. Posted: January 31, 2023. The staff at MDU Resources come from unusually diverse demographic backgrounds. company profile page along with the rest of the general data. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Annual Report. 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. Statement of Changes in Beneficial Ownership. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. But opting out of some of these cookies may have an effect on your browsing experience. by Terry Hildestad. "Our strategic review of our construction services business also is well underway. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. If you experience any issues with this process, please contact us for further assistance. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. The company was founded in 1924 and is based in Bismarck, North Dakota. MDU Resources Group, Inc. All rights reserved. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. Selecting the value will change the page content. 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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. The national average salary for an MDU Resources employee in the United States is $52,489 per year. These cookies will be stored in your browser only with your consent. But opting out of some of these cookies may have an effect on your browsing experience. The cookies is used to store the user consent for the cookies in the category "Necessary". The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. MDU Resources Group, Inc. | Bismarck ND Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. Your entire office will be able to use your search subscription. 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 Construction Services Group has resources across the country to get any job done. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. 1150 W. Century Ave. The largest donation made to a political party by an MDU Resources employee was 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. 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. 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. 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. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. 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. Will shareholders of both companies receive a regular dividend post-spinoff? You also have the option to opt-out of these cookies. Knife River has a successful track record of growth. 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. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. 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: 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. 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. Second Quarter 2022 Financial Results Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 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. Phone: 800-638-3278. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. These cookies track visitors across websites and collect information to provide customized ads. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". mdu resources group. This is a growing company where the executive leadership really focuses on a work/life balance. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. The average employee at MDU Resources makes $52,489 per year. Visit the Career Advice Hub to see tips on interviewing and resume writing. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. 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 Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. It is mandatory to procure user consent prior to running these cookies on your website. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. This cookie is set by GDPR Cookie Consent plugin. 4. Messages will be read and responded to as soon as. 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. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. How will this impact MDU Resources current quarterly dividend? MDU Resources is in the electric power natural gas construction industry. 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 Necessary cookies are absolutely essential for the website to function properly. 02/24/2023. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. What will happen to my outstanding stock? mdu resources group inc. mdu resources. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 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. Employee Directory. In 1997, MDU Resources started its utility services division, which over the years has expanded its construction services offerings and become the MDU Construction Services Group segment. The companies have since partnered on two base-load power plants (Big Stone and Coyote). The most common ethnicity at MDU Resources is White (82%). 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. mdu resources group inc. mdu resources group. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. This site is NOT monitored 24 hours a day. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. How did this transaction come about? It also distributes cement and asphalt oil. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. This cookie is set by GDPR Cookie Consent plugin. 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. USA. Communities Served North Dakota South Dakota Montana Wyoming 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's filing status is listed as Active and its File Number is 1981716.