mdu resources group locations

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. 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. 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 Knife River produces and delivers aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. The company's filing status is listed as Active and its File Number is 1981716. Full-Time. Amazing things happen when you're having fun and doing something you love. Company Mdu Resources Group Inc. 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. [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Construction Services Group has resources across the country to get any job done. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. MDU Resources Group, Inc. is a power company based in Bismarck, ND. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Main Telephone (866) 760-4852. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. The separation is expected to be completed in 2023. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The company's principal address . 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. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 The companies have since partnered on two base-load power plants (Big Stone and Coyote). MDU Resources employees are most likely to be members of the republican party. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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. Looking for Montana-Dakota Utilities? 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. 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. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. We work underground and overhead in the transmission and distribution industry. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . 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. Necessary cookies are absolutely essential for the website to function properly. The average employee at MDU Resources makes $52,489 per year. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. About MDU Resources The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Annual Report. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 1150 W. Century Ave. This website uses cookies to improve your experience while you navigate through the website. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. Non-GAAP Financial Measures Bismarck, ND 58503, MDU Construction Services Group We also use third-party cookies that help us analyze and understand how you use this website. 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. How long have you been considering this? On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. But opting out of some of these cookies may have an effect on your browsing experience. 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. It does not store any personal data. Necessary cookies are absolutely essential for the website to function properly. For more information about MDU Resources, visit the company's website at www.mdu.com. Details of Separation Transaction This cookie is set by GDPR Cookie Consent plugin. Have you worked at MDU Resources? 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. By continuing to use this application, you consent to the use of cookies in accordance with our. Advisors with up to 5 times the number of maximum matches per search vs. non-subscribers. 4% of MDU Resources employees are Black or African American. Early history[ edit] 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. 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. 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 may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. 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. Enter the location for your project and choose the product youd like. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. The company was founded in 1924 and is based in Bismarck, North Dakota. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. These cookies will be stored in your browser only with your consent. 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 data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. 67% of the management team is White. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. 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. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. from 8 AM - 9 PM ET. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 400 N. Fourth St. MDU Resources has 69 locations in the United States. You also have the option to opt-out of these cookies. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . The separation will result in two independent, publicly traded and well . The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. 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. Distinct investment opportunities: Investors will have two compelling investment opportunities and will be able to better assess the value of the two companies based on their respective operational and financial characteristics. It generated $321 million of EBITDA in 2021. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Our customers are as varied as our experience. Why isnt there a shareholder vote? Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. 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. 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. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Help other job seekers by rating MDU Resources. This will also involve communication with the various functional areas and assistance in the development of training programs. Compelling Benefits of the Separation When will Knife River shares be distributed? MDU Resources generates $5.7B in revenue. Your entire office will be able to use your search subscription. MDU Resources Group, Inc. | Bismarck ND 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. MDU Resources has retained J.P. Morgan Securities LLC and PJT Partners as financial advisors and Wachtell, Lipton, Rosen & Katz as legal advisor for the review. 1200 West Century Avenue. Our construction services bring power to communities and neighborhoods across the country. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. 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. 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. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. 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. The staff at MDU Resources come from unusually diverse demographic backgrounds. mdu resources group inc. mdu resources group. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. 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. 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. You can sign up for additional alert options at any time. It performs integrated contracting services. The cookie is used to store the user consent for the cookies in the category "Other. View original content to download multimedia. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. 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. What approvals are required? MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Careers Featured projects Our customers are as varied as our experience. After submitting your request, you will receive an activation email to the requested email address. Selecting the value will change the page content. 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***. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. "Our strategic review of our construction services business also is well underway. For more information about MDU Resources, visit the company's website at www.mdu.com. With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. The combined utility business has a rate base of $2.8 billion and is expected to make $1.6 billion in capital investments over the next five years. The staff at MDU Resources come from unusually diverse demographic backgrounds. We also use third-party cookies that help us analyze and understand how you use this website. 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. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. They ensure a project is completed on time and within budget. This category only includes cookies that ensures basic functionalities and security features of the website. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. Research Summary. [6] The damages totaled $17.2 million. Guests; Log in; Career Center. 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. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. 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. 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. But opting out of some of these cookies may affect your browsing experience. Claiming and updating your company profile on Zippia is free and easy. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. It also provides cathodic protection and other energy-related services. 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. It generated $169 million of EBITDA in 2021. Supervised and managed all personnel, work activities and . 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. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. served to you completely ad free and you will be granted access to view every profile in its entirety, even 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. Following the planned separation, MDU Resources will remain headquartered in Bismarck, North Dakota, and continue to be the parent company for MDU Resources existing regulated electric and natural gas utilities (Cascade Natural Gas Corp., Intermountain Gas Co., Montana-Dakota Utilities Co.), natural gas pipeline business (WBI Energy, Inc.) and construction services company (MDU Construction Services Group, Inc.). MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Conference Call 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. Register for your account and get started with our industry leading people contacts search engine. 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. To protect our site, we cannot process your request right now. 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. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 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. 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. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. 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: 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. 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. Primary Address. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. if we've collected "Sales Lead Information" for a given company, it will be displayed on the