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You also have the option to opt-out of these cookies. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. Fax: 701-323-3104. 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. 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 company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. The average employee at MDU Resources makes $52,489 per year. 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. Employee Directory. 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. 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. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. 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 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 Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. You must click the activation link in order to complete your subscription. Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The largest addition of electric utility territory came in 1945, when MDU purchased the Dakota Public Service Company (DPSC) from NorthWestern Public Service Company (NWPS) of Huron, South Dakota. Claiming and updating your company profile on Zippia is free and easy. The companies have since partnered on two base-load power plants (Big Stone and Coyote). Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. [8] Two additional lawsuits were filed against Loy Clark in December 2019. Compelling Benefits of the Separation Project Managers are responsible for planning, implementing, and managing projects. Our construction services bring power to communities and neighborhoods across the country. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Knife River is always looking for good people to join our team. with up to 5 times the number of maximum matches per search vs. non-subscribers. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Visit the Career Advice Hub to see tips on interviewing and resume writing. mdu resources group. MDU Resources is in the electric power natural gas construction industry. We provide industry leading services with a focus on safety. 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. 7% of MDU Resources employees are Hispanic or Latino. 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. If you experience any issues with this process, please contact us for further assistance. 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. How did this transaction come about? It performs integrated contracting services. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. 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. 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. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 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. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Executive Summary. It also distributes cement and asphalt oil. I am an MDU Resources shareholder. The proposed separation is subject to customary conditions, including final approval by the MDU Resources board of directors, receipt of a tax opinion and, if determined advisable, a private letter ruling from the Internal Revenue Service, and the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. These cookies do not store any personal information. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. This cookie is set by GDPR Cookie Consent plugin. MDU Resources generates $5.7B in revenue. 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***. 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. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. Enter the location for your project and choose the product youd like. 79 were here. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. Jan 2004 - Mar 201511 years 3 months. MDU Resources competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 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! The company's principal address . 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. "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. Why isnt there a shareholder vote? Support Product Field and Product Research & Development on Rule and Underwriting Guideline analysis and recommendations for both current features and offerings, and those that will be developed in the future. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. About MDU Resources Our most recent assessment determined that a separation of Knife River could unlock significant value. 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.". But opting out of some of these cookies may affect your browsing experience. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 [6] The damages totaled $17.2 million. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. By continuing to use this application, you consent to the use of cookies in accordance with our, Behnken named to national Innovation Institute, General foreman puts stop the bleed training into practice, saves mans life, MDU Resources Reports Third Quarter Earnings; Board Authorizes Strategic Review for MDU Construction Services Group, MDU Construction Services Group ranks No. This website uses cookies to improve your experience while you navigate through the website. You also have the option to opt-out of these cookies. This cookie is set by GDPR Cookie Consent plugin. See if MDU Resources is hiring near you. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. In 2001, Knife River sold its remaining coal-mining interests. How long have you been considering this? 4. Bismarck, ND 58503, MDU Construction Services Group Conference Call It generated $321 million of EBITDA in 2021. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. In addition, all pages on Bizapedia will be Register for your account and get started with our industry leading people contacts search engine. The Company's Electric segment generates, transmits, and distributes electricity. 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. 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. 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. 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. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. MDU Construction Services Group, Inc. is an industry-leading specialty contractor, We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. By continuing to use this application, you consent to the use of cookies in accordance with our. Full-Time. These cookies will be stored in your browser only with your consent. Necessary cookies are absolutely essential for the website to function properly. 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. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. MDU Resources and Knife Rivers proven management teams will be able to more directly focus resources and capital to achieve their respective strategic goals, Goodin said. But opting out of some of these cookies may have an effect on your browsing experience. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 4% of MDU Resources employees are Black or African American. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. from 8 AM - 9 PM ET. MDU Resources employees are most likely to be members of the republican party. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. 1200 West Century Avenue. Company Mdu Resources Group Inc. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The company anticipates completing the strategic review in the first half of 2023. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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! 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. 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. 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. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. 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. [13], 2016 Portland gas explosion - Loy Clark lawsuits, Last edited on 24 December 2022, at 15:11, Public Utility Holding Company Act of 1935, "MDU Resources Announces 2017 Financial Results, Initiates Guidance for 2018", "MDU - Mdu Resources Group Inc Profile | Reuters", "About Loy Clark Construction - Serving the Portland Metro & Washington", "Pipeline at NW 23rd Ave. blast site was not pierced", "Oregon natural gas explosion injures eight, destroys building", "NW 23rd blast: Excavator dug on wrong side of street, caused natural gas explosion, report says", "10 lawsuits filed in aftermath of NW 23rd Ave. explosions", "Portland bagel shop owners sue pipeline company over 2016 explosion that destroyed business", "Cascade Natural Gas Corp. merger completed", "MDU Resources to Acquire Intermountain Gas Company", https://en.wikipedia.org/w/index.php?title=MDU_Resources&oldid=1129292950, This page was last edited on 24 December 2022, at 15:11. The company believes these non-GAAP financial measures are useful to investors by providing meaningful information about operational efficiency compared to the companys peers by excluding the impacts of differences in tax jurisdictions and structures, debt levels and capital investment. 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 board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. 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. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. mdu resources group inc. mdu resources. It does not store any personal data. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Necessary cookies are absolutely essential for the website to function properly. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. 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. Necessary cookies are absolutely essential for the website to function properly. We work underground and overhead in the transmission and distribution industry. company profile page along with the rest of the general data. They ensure a project is completed on time and within budget. With our nations focus on infrastructure, the recent passage of the Investment in Infrastructure and Jobs Act will provide federal funding to support the type of public and private work Knife River does. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. by Terry Hildestad. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Referrals increase your chances of interviewing at Mercury Insurance by 2x. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. For more information about MDU Resources, visit the company's website at www.mdu.com. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. 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