[2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. 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 Phone: 800-638-3278. Bismarck, ND 58503, MDU Construction Services Group Bismarck, ND 58506. 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 MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. Executive Summary. The largest donation made to a political party by an MDU Resources employee was Messages will be read and responded to as soon as. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. It does not store any personal data. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. MDU Resources has 10,140 employees, of which 24 are in a leadership position. MDU Construction Services Group Careers Featured projects Our customers are as varied as our experience. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Get notified about new Senior Process Analyst jobs in Brea, CA. It generated $169 million of EBITDA in 2021. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 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.. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 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. is a power company based in Bismarck, ND. 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. 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 employee data is based on information from people who have self-reported their past or current employments at MDU Resources. The average employee at MDU Resources makes $52,489 per year. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. mdu resources inc. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Primary Address. It also provides cathodic protection and other energy-related services. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. 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. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. "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. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Throughout this news release, MDU Resources presents financial information prepared in accordance with GAAP, as well as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which is considered a non-GAAP financial measure. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. To protect our site, we cannot process your request right now. For more information, visitwww.kniferiver.com. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Non-GAAP Financial Measures The companies have since partnered on two base-load power plants (Big Stone and Coyote). They ensure a project is completed on time and within budget. 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. 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. About Knife River For more information about MDU Resources, visit the company's website at www.mdu.com. 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. In addition, -Jenna Lyons. When typing in this field, a list of search results will appear and be automatically updated as you type. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. 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. The company is 37.8% female and 18.4% ethnic minorities. 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. The spinoff is expected to be completed during 2023, subject to customary closing conditions, including final approval by MDU Resources Board of Directors, receipt of a tax opinion, the filing and effectiveness of a Form 10 registration statement with the SEC and, if determined advisable, a private letter ruling from the IRS. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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. 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. 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. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. These cookies do not store any personal information. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . By continuing to use this application, you consent to the use of cookies in accordance with our. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. served to you completely ad free and you will be granted access to view every profile in its entirety, even Fax: 701-323-3104. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. 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. 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. We are always looking at our business mix for opportunities to enhance shareholder value. This site is protected by reCAPTCHA and the Google. Selecting the value will change the page content. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. 02/21/2023. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. 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 company's filing status is listed as Active and its File Number is 1981716. None of the information on this page has been provided or approved by MDU Resources. Knife River generated $293 million of EBITDA in 2021. Spinoff of Knife River expected to unlock significant shareholder value. 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 also have the option to opt-out of these cookies. Help other job seekers by rating MDU Resources. MDU Resources company charter does not require a shareholder vote to complete the transaction. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. MDU Resources is in the electric power natural gas construction industry. We also use third-party cookies that help us analyze and understand how you use this website. However with being a great place to work comes longevity. The national average salary for an MDU Resources employee in the United States is $52,489 per year. The staff at MDU Resources come from unusually diverse demographic backgrounds. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. Search Keywords. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 1200 West Century Avenue. It also distributes cement and asphalt oil. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 4. 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. Communities Served North Dakota South Dakota Montana Wyoming Second Quarter 2022 Financial Results Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . A strong infrastructure is the heart of our country's economy. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. You can sign up for additional alert options at any time. Employee Directory. Get email updates for new Senior Process Analyst jobs in Brea, CA. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. This website uses cookies to improve your experience while you navigate through the website. Supervised and managed all personnel, work activities and . Creates financial and strategic flexibility for each company to focus on core business opportunities. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Conference Call The USC Career Center is open - in person and online - as always, all of our services and resources are available to you, including advising, job and internship opportunities, programs, workshops, career fairs, and more. You also have the option to opt-out of these cookies. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. This cookie is set by GDPR Cookie Consent plugin. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 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. Our customers are as varied as our experience. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. 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. 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. 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? Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. The Company's Electric segment generates, transmits, and distributes electricity. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Knife River is always looking for good people to join our team. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 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. Guests; Log in; Career Center. But opting out of some of these cookies may have an effect on your browsing experience. This category only includes cookies that ensures basic functionalities and security features of the website. Main Telephone (866) 760-4852. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Necessary cookies are absolutely essential for the website to function properly. $4,900 to the Republican Party. Analytical cookies are used to understand how visitors interact with the website. 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 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. 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. if the company chooses to hide the private information on their profile from the general public. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. 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. Our construction services bring power to communities and neighborhoods across the country. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. 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 On average, employees at MDU Resources stay with the company for 5.3 years. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 7% of MDU Resources employees are Hispanic or Latino. 79 were here. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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 is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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 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. This category only includes cookies that ensures basic functionalities and security features of the website. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. None of the information on this page has been provided or approved by MDU Resources. Project Managers are responsible for planning, implementing, and managing projects. This website uses cookies to improve your experience while you navigate through the website. 1150 W. Century Ave. You will love working at Western! 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.
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