mdu resources group locations

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. 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. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. In 2001, Knife River sold its remaining coal-mining interests. mdu resources group inc. mdu resources group. It generated $78 million of EBITDA in 2021. The separation is expected to have a number of benefits for MDU Resources and Knife River stakeholders, including: MDU Resources: Regulated Utility and Infrastructure Business Focused on Building a Strong America MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. MDU Construction Services Group employs more than 7,500 skilled employees across the country. WBI Energy provides natural gas transportation and underground storage services through regulated pipeline systems primarily in the Rocky Mountain and northern Great Plains regions of the U.S. and provides non-regulated cathodic protection and other energy-related services. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. Research Summary. The words believe, continue, could, expect, anticipate, intends, estimate, forecast, project, should, may, will, would or the negative thereof and similar expressions are intended to identify such forward-looking statements. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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. 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 are sorry, but your computer or network may be sending automated queries. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. None of the information on this page has been provided or approved by MDU Resources. 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. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. Necessary cookies are absolutely essential for the website to function properly. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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.). Compelling Benefits of the Separation This website uses cookies to improve your experience while you navigate through the website. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. A strong infrastructure is the heart of our country's economy. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, What is the strategic rationale for spinning off Knife River? 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. You must click the activation link in order to complete your subscription. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Your entire office will be able to use your search subscription. mdu resources group. None of the information on this page has been provided or approved by MDU Resources. Necessary cookies are absolutely essential for the website to function properly. This is a growing company where the executive leadership really focuses on a work/life balance. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. mdu resources group inc. mdu resources. 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.. 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. Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. About MDU Resources 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. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. These cookies track visitors across websites and collect information to provide customized ads. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Main Telephone (866) 760-4852. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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 also use third-party cookies that help us analyze and understand how you use this website. Spinoff of Knife River expected to unlock significant shareholder value. For more information, visitwww.kniferiver.com. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. But opting out of some of these cookies may have an effect on your browsing experience. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Visit the Career Advice Hub to see tips on interviewing and resume writing. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth MDU Resources Group, Inc. All rights reserved. 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. BISMARCK, N.D., Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation. 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. 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. These cookies will be stored in your browser only with your consent. Have you worked at MDU Resources? Help other job seekers by rating MDU Resources. Our customers are as varied as our experience. Register for your account and get started with our industry leading people contacts search engine. 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 . Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. MDU Construction Services Group has resources across the country to get any job done. 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. It performs integrated contracting services. 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. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. The company's principal address . Click Here. What will happen to my outstanding stock? The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. This category only includes cookies that ensures basic functionalities and security features of the website. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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 separation is expected to be completed in 2023. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Its founder, Rolland Heskett, had previously been involved with utilities in Wisconsin and northeast Minnesota (the forerunners of Wisconsin Public Service Corporation and Minnesota Power (& Light Co.), respectively). Employee Directory. 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. 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]. 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. Forward-Looking Statements USA. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". SEC Filings. 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.". This site is NOT monitored 24 hours a day. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. The average employee at MDU Resources makes $52,489 per year. 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. We provide industry leading services with a focus on safety. 1150 W. Century Ave. 1200 West Century Avenue. 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. 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. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. 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 had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Why isnt there a shareholder vote? If you experience any issues with this process, please contact us for further assistance. 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 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. 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. This site is protected by reCAPTCHA and the Google. Will shareholders of both companies receive a regular dividend post-spinoff? 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 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.". Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. Updates will be provided as the company moves toward completing the spinoff. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc.

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