Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. This cookie is set by GDPR Cookie Consent plugin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 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***. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. MDU Construction Services Group employs more than 7,500 skilled employees across the country. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. 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. Bismarck, ND 58506. 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. None of the information on this page has been provided or approved by MDU Resources. MDU Resources Group, Inc. All rights reserved. Enter the location for your project and choose the product youd like. 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. To protect our site, we cannot process your request right now. Guests; Log in; Career Center. Selecting the value will change the page content. if the company chooses to hide the private information on their profile from the general public. 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.". These cookies will be stored in your browser only with your consent. You can sign up for additional alert options at any time. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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 separation will result in two independent, publicly traded and well . Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 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 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. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. Primary Address. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. You also have the option to opt-out of these cookies. 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. 79 were here. Will shareholders of both companies receive a regular dividend post-spinoff? How will this impact MDU Resources current quarterly dividend? It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. You also have the option to opt-out of these cookies. Early history[ edit] We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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.. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. These cookies do not store any personal information. 400 N. Fourth St. SEC Filings. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. A strong infrastructure is the heart of our country's economy. 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. 67% of the management team is White. "Our strategic review of our construction services business also is well underway. 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. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. For more information, visitwww.kniferiver.com. 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. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Advisors Second Quarter 2022 Financial Results Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . 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. 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. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. The distribution systems in these towns passed into MDU ownership by the early 1940s. Main Telephone (866) 760-4852. By continuing to use this application, you consent to the use of cookies in accordance with our. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Analytical cookies are used to understand how visitors interact with the website. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. This category only includes cookies that ensures basic functionalities and security features of the website. MDU Resources employees are most likely to be members of the Republican Party. 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. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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 is headquartered in Bismarck, ND and has 69 office locations located throughout the US. No assurance can be given regarding the form that a spinoff transaction may take or the specific terms or timing thereof, or that a spinoff will in fact occur. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. 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? I am an MDU Resources shareholder. Register for your account and get started with our industry leading people contacts search engine. 1200 West Century Avenue. 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. This website uses cookies to improve your experience while you navigate through the website. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. After submitting your request, you will receive an activation email to the requested email address. Statement of Changes in Beneficial Ownership. USA. See if MDU Resources is hiring near you. 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. 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. It generated $169 million of EBITDA in 2021. When will Knife River shares be distributed? 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 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. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 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. 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. 10-K. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Creates financial and strategic flexibility for each company to focus on core business opportunities. These cookies track visitors across websites and collect information to provide customized ads. How did this transaction come about? If you experience any issues with this process, please contact us for further assistance. The company was founded in 1924 and is based in Bismarck, North Dakota. 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. These cookies do not store any personal information. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. It is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and also receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. Necessary cookies are absolutely essential for the website to function properly. We are always looking at our business mix for opportunities to enhance shareholder value. 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 . 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). MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. We are taking an important step to significantly enhance the value inherent in our businesses by creating two focused, independent publicly traded companies, said David L. Goodin, president and CEO of MDU Resources. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. It does not store any personal data. served to you completely ad free and you will be granted access to view every profile in its entirety, even We also use third-party cookies that help us analyze and understand how you use this website. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Our customers are as varied as our experience. What approvals are required? [13], 2016 Portland gas explosion - Loy Clark lawsuits, Last edited on 24 December 2022, at 15:11, Public Utility Holding Company Act of 1935, "MDU Resources Announces 2017 Financial Results, Initiates Guidance for 2018", "MDU - Mdu Resources Group Inc Profile | Reuters", "About Loy Clark Construction - Serving the Portland Metro & Washington", "Pipeline at NW 23rd Ave. blast site was not pierced", "Oregon natural gas explosion injures eight, destroys building", "NW 23rd blast: Excavator dug on wrong side of street, caused natural gas explosion, report says", "10 lawsuits filed in aftermath of NW 23rd Ave. explosions", "Portland bagel shop owners sue pipeline company over 2016 explosion that destroyed business", "Cascade Natural Gas Corp. merger completed", "MDU Resources to Acquire Intermountain Gas Company", https://en.wikipedia.org/w/index.php?title=MDU_Resources&oldid=1129292950, This page was last edited on 24 December 2022, at 15:11. Non-GAAP Financial Measures 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. Click Here. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Bismarck, ND 58503, MDU Construction Services Group 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.. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Necessary cookies are absolutely essential for the website to function properly. View original content to download multimedia. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. It is mandatory to procure user consent prior to running these cookies on your website. mdu resources group inc. mdu resources. Fax: 701-323-3104. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 02/21/2023. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. Below youll find a list of the types of career opportunities you can find at Knife River. Research Summary. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. However with being a great place to work comes longevity. 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: We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. mdu resources inc. 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. No. 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. Visit the Career Advice Hub to see tips on interviewing and resume writing. It also distributes cement and asphalt oil. by Terry Hildestad. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. mdu resources group. 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. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. 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 MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. 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. 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. 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. Supervised and managed all personnel, work activities and . Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Skip to content Skip to main nav. 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.). 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. 4.6 Glendive, MT Jobs $76.8k-96k yearly 2d ago Software Developer Intern (2 positions) MDU Resources Group, Inc. 4.6 Bismarck, ND Jobs $17.5 hourly 4d ago 4/10 Production Assembler (1st Shift) Cenergy 4.7 Simi Valley, CA Jobs $20-22 hourly 7d ago Customer Service Representative I MDU Resources Group, Inc. 4.6