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This category only includes cookies that ensures basic functionalities and security features of the website. 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. This category only includes cookies that ensures basic functionalities and security features of the website. Executive Summary. served to you completely ad free and you will be granted access to view every profile in its entirety, even Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. MDU Construction Services Group employs more than 7,500 skilled employees across the country. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. MDU Construction Services Group employs more than 7,500 skilled employees across the country. We work underground and overhead in the transmission and distribution industry. 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. 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. 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. It generated $78 million of EBITDA in 2021. 4% of MDU Resources employees are Black or African American. MDU Resources is in the electric power natural gas construction industry. Fax: 701-323-3104. 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 But opting out of some of these cookies may have an effect on your browsing experience. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 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 separation will result in two independent, publicly traded and well . Research Summary. Click the link in the email we sent to to verify your email address and activate your job alert. The company was founded in 1924 and is based in Bismarck, North Dakota. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Conference Call 67% of the management team is White. 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. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. This cookie is set by GDPR Cookie Consent plugin. It generated $321 million of EBITDA in 2021. Search Keywords. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Loading. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. Necessary cookies are absolutely essential for the website to function properly. 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. Statement of Changes in Beneficial Ownership. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Company Mdu Resources Group Inc. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. This website uses cookies to improve your experience while you navigate through the website. 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 proud of the strong businesses we have built and are confident now is the right time to take this step to best serve our customers, employees, communities and shareholders.. 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: The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. This website uses cookies to improve your experience while you navigate through the website. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. Posted: January 31, 2023. No. "Our strategic review of our construction services business also is well underway. 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. Careers Featured projects Our customers are as varied as our experience. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. The average employee at MDU Resources makes $52,489 per year. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. This website uses cookies to improve your experience while you navigate through the website. The company anticipates completing the strategic review in the first half of 2023. Brea, CA. MDU Resources Group, Inc. All rights reserved. These efforts demonstrate our progress and commitment to move toward our goal of creating two pure-play public companies, with one focused on regulated energy delivery and the other on construction materials.". You will love working at Western! In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. 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. 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 Locations Bismarck, ND HQ Hiring Albany, OR Beaumont, TX Belgrade, MT Bemidji, MN Bend, OR Billings, MT Hiring Bremerton, WA Bryan, TX Burleson, TX Casper, WY Central Point, OR While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. $20 Hourly. In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. DPSC served a total of 91 towns in west-central North Dakota originally served by the Hughes Electric Company/North Dakota Power & Light Company (NDP&L) and south-central North Dakota/north-central South Dakota originally served by the Northern Power & Light Company (NP&L). About MDU Resources Will shareholders of both companies receive a regular dividend post-spinoff? In 2001, Knife River sold its remaining coal-mining interests. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Supervised and managed all personnel, work activities and . mdu resources group inc. mdu resources group. Second Quarter 2022 Financial Results [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. You can sign up for additional alert options at any time. By continuing to use this application, you consent to the use of cookies in accordance with our. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. None of the information on this page has been provided or approved by MDU Resources. In 1997, MDU Resources started its utility services division, which over the years has expanded its construction services offerings and become the MDU Construction Services Group segment. MDU Resources Group, Inc. website Headquartered in Bismarck, ND, MDU Resources Group, Inc. is celebrating our 90th year of Building a Strong America with value-added natural resources products and related services that are essential to energy and transportation infrastructure. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. 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. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. 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. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. 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. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. 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. 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. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 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. This site is NOT monitored 24 hours a day. 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. 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. MDU Resources Group, Inc. is a power company based in Bismarck, ND. It generated $169 million of EBITDA in 2021. A strong infrastructure is the heart of our country's economy. 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. Guests; Log in; Career Center. 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. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . These cookies ensure basic functionalities and security features of the website, anonymously. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 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. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". Necessary cookies are absolutely essential for the website to function properly. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. 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. 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. Our construction services bring power to communities and neighborhoods across the country. 4. 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. It also distributes cement and asphalt oil. How did this transaction come about? 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. Today, from our headquarters in Bismarck, North Dakota, we have more than 16,000 employees during peak construction season operating across the country, delivering energy and providing construction materials and services. It performs integrated contracting services. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Analytical cookies are used to understand how visitors interact with the website. If you experience any issues with this process, please contact us for further assistance. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. 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 companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. 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***. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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. 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. 02/24/2023. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Full-Time. Advisors 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. These cookies will be stored in your browser only with your consent. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. For more information about MDU Resources, visit the company's website at www.mdu.com. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. These cookies will be stored in your browser only with your consent. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. It also provides cathodic protection and other energy-related services. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. SEC Filings. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Best Companies to Work For in North Dakota, Best Energy Companies to Work For in North Dakota, Best Companies to Work For in Bismarck, ND, Best Energy Companies to Work For in Bismarck, ND, Working At DTE (Detroit Tool & Engineering), Working At Centennial Energy Resources LLC, MDU Resources Heavy Equipment Operator Jobs, MDU Resources Apprentice Electrician Jobs. 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. We also use third-party cookies that help us analyze and understand how you use this website. 1150 W. Century Ave. 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.). 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. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. 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. Bismarck, ND 58506. MDU Construction Services Group Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . This cookie is set by GDPR Cookie Consent plugin. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. 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. 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 event can be accessed atwww.mdu.com. MDU Resources has 10,140 employees, of which 24 are in a leadership position. 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.