Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. 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. 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 4. Knife River generated $293 million of EBITDA in 2021. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. The company is 37.8% female and 18.4% ethnic minorities. 1025 1250 W. Century Ave. Bismarck, ND 58501 ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. This category only includes cookies that ensures basic functionalities and security features of the website. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. Search Keywords. 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. They ensure a project is completed on time and within budget. It performs integrated contracting services. 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. 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. Brea, CA. In 2001, Knife River sold its remaining coal-mining interests. 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. We provide industry leading services with a focus on safety. with up to 5 times the number of maximum matches per search vs. non-subscribers. This website uses cookies to improve your experience while you navigate through the website. The largest donation made to a political party by an MDU Resources employee was These cookies will be stored in your browser only with your consent. MDU Construction Services Group has resources across the country to get any job done. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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. 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. Analytical cookies are used to understand how visitors interact with the website. What will happen to my outstanding stock? 1150 W. Century Ave. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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. 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. $4,900 to the Republican Party. For more information about MDU Resources, visit the company's website at www.mdu.com. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. 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.. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. Statement of Changes in Beneficial Ownership. 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. 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. 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. 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. It also distributes cement and asphalt oil. These cookies ensure basic functionalities and security features of the website, anonymously. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. A strong infrastructure is the heart of our country's economy. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. By continuing to use this application, you consent to the use of cookies in accordance with our. Forward-Looking Statements Loading. 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! COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. When typing in this field, a list of search results will appear and be automatically updated as you type. However with being a great place to work comes longevity. Employee Directory. This cookie is set by GDPR Cookie Consent plugin. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states. 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. Knife River is always looking for good people to join our team. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. mdu resources group inc. mdu resources. 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. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. 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. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. MDU Resources Group, Inc. is a power company based in Bismarck, ND. 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. Non-GAAP Financial Measures 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? After submitting your request, you will receive an activation email to the requested email address. When is the spinoff expected to be completed? Messages will be read and responded to as soon as. Full-Time. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. [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. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. You also have the option to opt-out of these cookies. 67% of the management team is White. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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.". Selecting the value will change the page content. 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. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. 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. 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. Skip to content Skip to main nav. 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. 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. Your entire office will be able to use your search subscription. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Updates will be provided as the company moves toward completing the spinoff. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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 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 $20 Hourly. The average employee at MDU Resources makes $52,489 per year. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. Unlike its neighboring utilities, MDU was generally not in the business of reselling energy at wholesale to other companies, with the exception of five Eastern Montana towns then served by the Mountain States Power Company. In addition, MDU Resources Group, Inc. | Bismarck ND Our construction services bring power to communities and neighborhoods across the country. Necessary cookies are absolutely essential for the website to function properly. 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. You must click the activation link in order to complete your subscription. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. This website uses cookies to improve your experience while you navigate through the website. This will also involve communication with the various functional areas and assistance in the development of training programs. The separation will result in two independent, publicly traded and well . Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. 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 I am an MDU Resources shareholder. 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. 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. "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. The most common ethnicity at MDU Resources is White (82%). [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Main Telephone (866) 760-4852. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. 02/21/2023. The cookie is used to store the user consent for the cookies in the category "Analytics". It generated $78 million of EBITDA in 2021. What approvals are required? Posted: January 31, 2023. Looking for Montana-Dakota Utilities? MDU Resources company charter does not require a shareholder vote to complete the transaction. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, 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. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. 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. Why isnt there a shareholder vote? 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. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. No. How will this impact MDU Resources current quarterly dividend? Terry Hildestad donated In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . 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. MDU Resources is in the electric power natural gas construction industry. None of the information on this page has been provided or approved by MDU Resources. Guests; Log in; Career Center. The USC Career Center is open - in person and online - as always, all of our services and resources are available to you, including advising, job and internship opportunities, programs, workshops, career fairs, and more. 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. With our nations focus on infrastructure, the recent passage of the Investment in Infrastructure and Jobs Act will provide federal funding to support the type of public and private work Knife River does. For more information about MDU Resources, visit the company's website at www.mdu.com. For more information, visitwww.kniferiver.com. It is mandatory to procure user consent prior to running these cookies on your website. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. The company's filing status is listed as Active and its File Number is 1981716. Necessary cookies are absolutely essential for the website to function properly. Our estimates are verified against BLS, Census, and current job openings data for accuracy. [8] Two additional lawsuits were filed against Loy Clark in December 2019. This cookie is set by GDPR Cookie Consent plugin. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . How did this transaction come about? 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). It also distributes cement and asphalt oil. This cookie is set by GDPR Cookie Consent plugin. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Visit the Career Advice Hub to see tips on interviewing and resume writing. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. It does not store any personal data. 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. Phone: 800-638-3278. mdu resources group. 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. Get email updates for new Senior Process Analyst jobs in Brea, CA.

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