Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. How did this transaction come about? served to you completely ad free and you will be granted access to view every profile in its entirety, even What approvals are required? 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 expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. 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. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. if the company chooses to hide the private information on their profile from the general public. This will also involve communication with the various functional areas and assistance in the development of training programs. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. -Jenna Lyons. MDU Resources employees are most likely to be members of the Republican Party. 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. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 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. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. 7% of MDU Resources employees are Hispanic or Latino. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. The cookie is used to store the user consent for the cookies in the category "Performance". 02/24/2023. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. How long have you been considering this? Loading. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. When is the spinoff expected to be completed? This site is NOT monitored 24 hours a day. 02/21/2023. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Changes in such assumptions and factors could cause actual future results to differ materially. It also distributes cement and asphalt oil. 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 . The cookies is used to store the user consent for the cookies in the category "Necessary". Phone: 800-638-3278. About MDU Resources You must click the activation link in order to complete your subscription. 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. This website uses cookies to improve your experience while you navigate through the website. Have you worked at MDU Resources? "Our strategic review of our construction services business also is well underway. 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! 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: Main Telephone (866) 760-4852. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Executive Summary. 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. mdu resources group inc. mdu resources. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. 1200 West Century Avenue. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. But opting out of some of these cookies may have an effect on your browsing experience. 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 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. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. 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 Necessary cookies are absolutely essential for the website to function properly. Statement of Changes in Beneficial Ownership. For more information about MDU Resources, visit the company's website at www.mdu.com. The company's principal address . We are always looking at our business mix for opportunities to enhance shareholder value. 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. For more information, visitwww.kniferiver.com. Selecting the value will change the page content. Enter the location for your project and choose the product youd like. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. 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.". For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. Our construction services bring power to communities and neighborhoods across the country. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. from 8 AM - 9 PM ET. 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. In addition, all pages on Bizapedia will be 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. 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. 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. 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. Updates will be provided as the company moves toward completing the spinoff. Research Summary. Click the link in the email we sent to to verify your email address and activate your job alert. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. The cookie is used to store the user consent for the cookies in the category "Other. However with being a great place to work comes longevity. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Creates financial and strategic flexibility for each company to focus on core business opportunities. 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. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Annual Report. 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. 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.. These cookies do not store any personal information. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. 1025 1250 W. Century Ave. Bismarck, ND 58501 The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. By continuing to use this application, you consent to the use of cookies in accordance with our. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. MDU Resources Group, Inc. is a power company based in Bismarck, ND. This category only includes cookies that ensures basic functionalities and security features of the website. 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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 You can save your resume and apply to jobs in minutes on LinkedIn, Head of Sales - Clinical Screening Software Solutions & Partnerships, Ban Mu Thi 10 Moo 10, Pathum Thani, Thailand, Audio QA Checker (Suouth Levantine Arabic Speakers) in Palestine, Voice of Customer and Offering Excellence Lead , CrossLab Services Center of Excellence, Manager, Transition Management Onboarding, See who Mercury Insurance has hired for this role, Assist in process documentation/workflows and apply knowledge to analyze business and system procedures/workflow/data and recommend how they can be improved or automated, Assist in debugging production issues and performing User Acceptance Testing for Product/Rate Level changes across different platforms, Assist with implementation, training, and monitoring of product rollout, Work with cross-functional teams as the representative of the Product group. Full-Time. 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. 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. 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. Analytical cookies are used to understand how visitors interact with the website. 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 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. 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. 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 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 The Natural Gas Distribution segment distributes natural gas and offers related value-added services. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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]. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. MDU Resources generates $5.7B in revenue. You will love working at Western! MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. Second Quarter 2022 Financial Results Search Keywords. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. 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. MDU Resources company charter does not require a shareholder vote to complete the transaction. 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. 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. if we've collected "Sales Lead Information" for a given company, it will be displayed on the mdu resources group. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 4% of MDU Resources employees are Black or African American. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. 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. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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 distribution systems in these towns passed into MDU ownership by the early 1940s. Knife River generated $293 million of EBITDA in 2021. Looking for Montana-Dakota Utilities? 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. 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? [6] The damages totaled $17.2 million. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. Register for your account and get started with our industry leading people contacts search engine. The separation is expected to be completed in 2023. 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 company is 37.8% female and 18.4% ethnic minorities. Advisors This is a growing company where the executive leadership really focuses on a work/life balance. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. $4,900 to the Republican Party. How will this impact MDU Resources current quarterly dividend? Jan 2004 - Mar 201511 years 3 months. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 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.