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The company is 37.8% female and 18.4% ethnic minorities. Our construction services bring power to communities and neighborhoods across the country. 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. Forward-Looking Statements Register for your account and get started with our industry leading people contacts search engine. This website uses cookies to improve your experience while you navigate through the website. 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. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 67% of the management team is White. How did this transaction come about? The separation is expected to be completed in 2023. Project Managers are responsible for planning, implementing, and managing projects. The most common ethnicity at MDU Resources is White (82%). by Terry Hildestad. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. 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. 4. Fax: 701-323-3104. 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. Analytical cookies are used to understand how visitors interact with the website. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. 1200 West Century Avenue. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. MDU Resources's mission statement is "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.". Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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. They ensure a project is completed on time and within budget. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. After submitting your request, you will receive an activation email to the requested email address. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. "Our strategic review of our construction services business also is well underway. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. When typing in this field, a list of search results will appear and be automatically updated as you type. They ensure a project is completed on time and within budget. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. 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. 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. 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. The national average salary for an MDU Resources employee in the United States is $52,489 per year. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, and Wyoming, as well as Idaho, Minnesota, Oregon, and Washington; and offers related value-added services. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. I am an MDU Resources shareholder. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Financial Contact:Brent Miller, director of financial projects and investor relations, 701-530-1730Media Contact:Laura Lueder, manager of communications and public relations, 701-530-1095, Cision Distribution 888-776-0942 1025 1250 W. Century Ave. Bismarck, ND 58501 [12] Knife River Corporation provides construction materials and contracting services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix concrete in 17 states. This site is protected by reCAPTCHA and the Google. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". The MDU Resources board believes 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. 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. Necessary cookies are absolutely essential for the website to function properly. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. Our customers are as varied as our experience. Phone: 800-638-3278. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Main Telephone (866) 760-4852. 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. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. You can sign up for additional alert options at any time. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. View original content to download multimedia. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Knife River has a successful track record of growth. Annual Report. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. 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 cookie is used to store the user consent for the cookies in the category "Performance". 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. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. 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. 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. Posted: January 31, 2023. We also use third-party cookies that help us analyze and understand how you use this website. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. If you experience any issues with this process, please contact us for further assistance. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. 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. 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. 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 Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. The company was founded in 1924 and is based in Bismarck, North Dakota. Claiming and updating your company profile on Zippia is free and easy. mdu resources group inc. mdu resources. Looking for Montana-Dakota Utilities? Below youll find a list of the types of career opportunities you can find at Knife River. Get notified about new Senior Process Analyst jobs in Brea, CA. These cookies will be stored in your browser only with your consent. Details of Separation Transaction All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 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. 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! Copyright 2022 MDU Resources Group, Inc.. All rights reserved. We also use third-party cookies that help us analyze and understand how you use this website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Knife River generated $293 million of EBITDA in 2021. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. Brea, CA. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 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. 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. Communities Served North Dakota South Dakota Montana Wyoming 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. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. MDU Resources is in the electric power natural gas construction industry. You also have the option to opt-out of these cookies. MDU Resources Group, Inc. is a U.S.-based corporation supplying essential products and services through its regulated energy delivery and construction materials and services businesses. 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. 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. On average, employees at MDU Resources stay with the company for 5.3 years. Research Summary. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . 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. Early history[ edit] We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. 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. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . We expect this transaction to create significant value for our shareholders and believe it will enable us to achieve attractive shareholder returns at both companies, Goodin said. This will also involve communication with the various functional areas and assistance in the development of training programs. The company's principal address . 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. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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 Resources Group, Inc. All rights reserved. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 79 were here. 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. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. Creates financial and strategic flexibility for each company to focus on core business opportunities. 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. The company's filing status is listed as Active and its File Number is 1981716. MDU Resources has 69 locations in the United States. It also distributes cement and asphalt oil. What is the strategic rationale for spinning off Knife River? USA. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. SEC Filings. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".