With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. Search Keywords. However with being a great place to work comes longevity. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. The companies have since partnered on two base-load power plants (Big Stone and Coyote). To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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 . 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. The national average salary for an MDU Resources employee in the United States is $52,489 per year. 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. 12 on list of top 600 specialty contractors. For more information, visitwww.kniferiver.com. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. Selecting the value will change the page content. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. But opting out of some of these cookies may have an effect on your browsing experience. 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. 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. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. Communities Served North Dakota South Dakota Montana Wyoming It generated $169 million of EBITDA in 2021. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . $4,900 to the Republican Party. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. Knife River is always looking for good people to join our team. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. 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 has 69 locations in the United States. Creates financial and strategic flexibility for each company to focus on core business opportunities. Changes in such assumptions and factors could cause actual future results to differ materially. Research Summary. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. 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. company profile page along with the rest of the general data. Executive Summary. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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. 67% of the management team is White. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. It also provides cathodic protection and other energy-related services. with up to 5 times the number of maximum matches per search vs. non-subscribers. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. Our construction services bring power to communities and neighborhoods across the country. 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. , 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. 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. If you experience any issues with this process, please contact us for further assistance. 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. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. Knife River has a successful track record of growth. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. It also distributes cement and asphalt oil. 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. 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 Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. 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 Full-Time. 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 words believe, continue, could, expect, anticipate, intends, estimate, forecast, project, should, may, will, would or the negative thereof and similar expressions are intended to identify such forward-looking statements. 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? We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Guests; Log in; Career Center. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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 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. You will love working at Western! 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. This cookie is set by GDPR Cookie Consent plugin. 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 We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. Help us make this company more transparent. 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.". It also performs integrated contracting services for most types of aggregate-related construction, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings and industrial parks. Have you worked at MDU Resources? Project Managers are responsible for planning, implementing, and managing projects. 79 were here. Details of Separation Transaction 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. It does not store any personal data. Amazing things happen when you're having fun and doing something you love. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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. 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. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. USA. MDU Construction Services Group has resources across the country to get any job done. Updates will be provided as the company moves toward completing the spinoff. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. It also distributes cement and asphalt oil. 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.". if we've collected "Sales Lead Information" for a given company, it will be displayed on the Annual Report. The largest donation made to a political party by an MDU Resources employee was MDU Resources employees are most likely to be members of the Republican Party. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. We work underground and overhead in the transmission and distribution industry. Necessary cookies are absolutely essential for the website to function properly. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. For more information about MDU Resources, visit the company's website at www.mdu.com. I am an MDU Resources shareholder. The company's principal address . 02/21/2023. 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. Below youll find a list of the types of career opportunities you can find at Knife River. MDU Construction Services Group employs more than 7,500 skilled employees across the country. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. It generated $321 million of EBITDA in 2021. Terry Hildestad donated We are taking an important step to significantly enhance the value inherent in our businesses by creating two focused, independent publicly traded companies, said David L. Goodin, president and CEO of MDU Resources. The event can be accessed atwww.mdu.com. 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!  Two additional lawsuits were filed against Loy Clark in December 2019. 400 N. Fourth St. The distribution systems in these towns passed into MDU ownership by the early 1940s. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. They ensure a project is completed on time and within budget. The Oregon Public Utility Commission faulted MDU subsidiary Loy Clark for the 2016 Portland gas explosion that leveled a building, sent asbestos fragments flying, damaged numerous buildings and injured eight people. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. What is the strategic rationale for spinning off Knife River? Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. Our customers are as varied as our experience. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. 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. 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. 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. This is a growing company where the executive leadership really focuses on a work/life balance. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. served to you completely ad free and you will be granted access to view every profile in its entirety, even This site is protected by reCAPTCHA and the Google. Conference Call "Our strategic review of our construction services business also is well underway. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 10-K. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . The cookie is used to store the user consent for the cookies in the category "Performance". Our most recent assessment determined that a separation of Knife River could unlock significant value. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources.  Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. Brea, CA. 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. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines.