company profile page along with the rest of the general data. 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. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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 company's principal address . For more information about MDU Resources, visit the company's website at www.mdu.com. 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 Natural Gas Distribution segment distributes natural gas and offers related value-added services. None of the information on this page has been provided or approved by MDU Resources. 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. MDU Resources has 69 locations in the United States. 12 on list of top 600 specialty contractors. mdu resources inc. 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. Unlike its neighboring utilities, MDU was generally not in the business of reselling energy at wholesale to other companies, with the exception of five Eastern Montana towns then served by the Mountain States Power Company. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. You can unsubscribe from these emails at any time. 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. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. 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. 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. Spinoff of Knife River expected to unlock significant shareholder value. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. What approvals are required? 1150 W. Century Ave. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics 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. 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. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, 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. The separation will result in two independent, publicly traded and well-capitalized companies, which the MDU Resources board believes will leave each positioned well for durable growth and shareholder value creation. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Construction Services Group With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, It also distributes cement and asphalt oil. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". This cookie is set by GDPR Cookie Consent plugin. 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. This is a growing company where the executive leadership really focuses on a work/life balance. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. 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. 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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Messages will be read and responded to as soon as. 4. Audio and webcast replays will be available through Aug. 18, 2022, at 888-203-1112, or 719-457-0820 for international callers, passcode ID 3010359. 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. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. Primary Address. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. About MDU Resources 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. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. They ensure a project is completed on time and within budget. Selecting the value will change the page content. The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. 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 expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. "Our strategic review of our construction services business also is well underway. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 02/21/2023. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. This website uses cookies to improve your experience while you navigate through the website. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. When is the spinoff expected to be completed? MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. You also have the option to opt-out of these cookies. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. Enter the location for your project and choose the product youd like. Your entire office will be able to use your search subscription. Supervised and managed all personnel, work activities and . Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. "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. For more information about MDU Resources, visit the company's website at www.mdu.com. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. A strong infrastructure is the heart of our country's economy. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. We also use third-party cookies that help us analyze and understand how you use this website. MDU Resources employees are most likely to be members of the republican party. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Creates financial and strategic flexibility for each company to focus on core business opportunities. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. from 8 AM - 9 PM ET. 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. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Fax: 701-323-3104. 1025 1250 W. Century Ave. Bismarck, ND 58501 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. 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. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Our estimates are verified against BLS, Census, and current job openings data for accuracy. The cookies is used to store the user consent for the cookies in the category "Necessary". Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. This category only includes cookies that ensures basic functionalities and security features of the website. With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Changes in such assumptions and factors could cause actual future results to differ materially. MDU Construction Services Group employs more than 7,500 skilled employees across the country. if the company chooses to hide the private information on their profile from the general public. Updates will be provided as the company moves toward completing the spinoff. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. 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. Our construction services bring power to communities and neighborhoods across the country. 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. The cookie is used to store the user consent for the cookies in the category "Other. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. Below youll find a list of the types of career opportunities you can find at Knife River. As it expanded across Eastern Montana and western North Dakota, it acquired the electric franchise for Miles City, Montana, after an acquisition struggle with the Montana Power Company.[3]. Necessary cookies are absolutely essential for the website to function properly. Terry Hildestad donated By continuing to use this application, you consent to the use of cookies in accordance with our. Our most recent assessment determined that a separation of Knife River could unlock significant value. 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. We also use third-party cookies that help us analyze and understand how you use this website. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. served to you completely ad free and you will be granted access to view every profile in its entirety, even Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. The MDU Resources board believes Knife River is ready to continue its success as a stand-alone public company and take full advantage of anticipated work resulting from federal infrastructure funding. 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. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. 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 presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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 is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. These cookies track visitors across websites and collect information to provide customized ads. The national average salary for an MDU Resources employee in the United States is $52,489 per year. MDU Resources generates $5.7B in revenue. In addition, This site is NOT monitored 24 hours a day. 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. Non-GAAP Financial Measures 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 . [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. Click the link in the email we sent to to verify your email address and activate your job alert. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. But opting out of some of these cookies may have an effect on your browsing 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. 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. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. 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. Register for your account and get started with our industry leading people contacts search engine. MDU Resources is in the electric power natural gas construction industry. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . It performs integrated contracting services. The company is 37.8% female and 18.4% ethnic minorities. 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. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. 02/24/2023. 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. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. The cookie is used to store the user consent for the cookies in the category "Analytics". Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. MDU Resources employees are most likely to be members of the Republican Party. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. by Terry Hildestad. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. 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. 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. 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 Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. 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. It also performs integrated contracting services for most types of aggregate-related construction, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings and industrial parks.