This cookie is set by GDPR Cookie Consent plugin. mdu resources group inc. mdu resources. Second Quarter 2022 Financial Results It does not store any personal data. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics 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. This cookie is set by GDPR Cookie Consent plugin. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. 12 on list of top 600 specialty contractors. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. $20 Hourly. 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. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. Creates financial and strategic flexibility for each company to focus on core business opportunities. 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. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. It performs integrated contracting services. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. 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. Knife River is always looking for good people to join our team. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. The cookie is used to store the user consent for the cookies in the category "Performance". After submitting your request, you will receive an activation email to the requested email address. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. 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. Have you worked at MDU Resources? It generated $321 million of EBITDA in 2021. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. About Knife River 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. 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! Claiming and updating your company profile on Zippia is free and easy. 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. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. This will also involve communication with the various functional areas and assistance in the development of training programs. When will Knife River shares be distributed? 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 These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. No. -Jenna Lyons. Phone: 800-638-3278. The staff at MDU Resources come from unusually diverse demographic backgrounds. Early history[ edit] For more information about MDU Resources, visit the company's website at www.mdu.com. [8] Two additional lawsuits were filed against Loy Clark in December 2019. Project Managers are responsible for planning, implementing, and managing projects. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. We work underground and overhead in the transmission and distribution industry. It also distributes cement and asphalt oil. [6] The damages totaled $17.2 million. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Main Telephone (866) 760-4852. MDU Resources has 69 locations in the United States. "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. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. with up to 5 times the number of maximum matches per search vs. non-subscribers. By continuing to use this application, you consent to the use of cookies in accordance with our. Our customers are as varied as our experience. 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. Messages will be read and responded to as soon as. Supervised and managed all personnel, work activities and . 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. Register for your account and get started with our industry leading people contacts search engine. 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. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Details of Separation Transaction Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. Analytical cookies are used to understand how visitors interact with the website. 4. Following a thorough assessment, the board determined that a spinoff of Knife River Corporation is the best path forward to maximize value for all stakeholders. Your entire office will be able to use your search subscription. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Research Summary. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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! 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. Advisors This site is protected by reCAPTCHA and the Google. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. The most common ethnicity at MDU Resources is White (82%). The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. 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***. 02/24/2023. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 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. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year. MDU Construction Services Group has resources across the country to get any job done. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. We also use third-party cookies that help us analyze and understand how you use this website. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. None of the information on this page has been provided or approved by MDU Resources. The company's principal address . Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. $4,900 to the Republican Party. 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 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. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Knife River generated $293 million of EBITDA in 2021. Amazing things happen when you're having fun and doing something you love. These cookies ensure basic functionalities and security features of the website, anonymously. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. The Construction Services segment designs, constructs, and maintains overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines; electrical and communication wiring and infrastructure, and fire suppression systems; and renewable energy projects. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. In addition, all pages on Bizapedia will be 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. Click Here. The company's filing status is listed as Active and its File Number is 1981716. 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. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 1200 West Century Avenue. Skip to content Skip to main nav. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. This cookie is set by GDPR Cookie Consent plugin. View original content to download multimedia. The cookie is used to store the user consent for the cookies in the category "Analytics". With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. These cookies track visitors across websites and collect information to provide customized ads. The company was founded in 1924 and is based in Bismarck, North Dakota. When is the spinoff expected to be completed? 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. The company is 37.8% female and 18.4% ethnic minorities. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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 These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. We provide industry leading services with a focus on safety. Analytical cookies are used to understand how visitors interact with the website. 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. 7% of MDU Resources employees are Hispanic or Latino. 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? MDU 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. 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. Click the link in the email we sent to to verify your email address and activate your job alert. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Bismarck, ND 58503, MDU Construction Services Group Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, You also have the option to opt-out of these cookies. What is the strategic rationale for spinning off Knife River? The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. The Company's Electric segment generates, transmits, and distributes electricity. Non-GAAP Financial Measures For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. mdu resources group. We are always looking at our business mix for opportunities to enhance shareholder value. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. What will happen to my outstanding stock? The separation will result in two independent, publicly traded and well . MDU Resources generates $5.7B in revenue. 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.
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