[12] Knife River Corporation provides construction materials and contracting services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix concrete in 17 states. In 2001, Knife River sold its remaining coal-mining interests. 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. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Communities Served North Dakota South Dakota Montana Wyoming 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. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. On average, employees at MDU Resources stay with the company for 5.3 years. Conference Call Changes in such assumptions and factors could cause actual future results to differ materially. Western National Group. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. The company's principal address . We are proud of the strong businesses we have built and are confident now is the right time to take this step to best serve our customers, employees, communities and shareholders.. Address: 1200 W Century Ave Bismarck, ND, 58503-0911 United States See other locations Phone: Website: www.mdu.com Employees (this site): Actual Employees (all sites): Actual Revenue: $5.68 billion Actual Sales Growth: 2.67% Net Income Growth: -3.09% Assets: $8,910 Fiscal Year End: DEC Year Started: Stock Exchange: NYSE:MDU ESG ranking: The average employee at MDU Resources makes $52,489 per year. 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. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. The company anticipates completing the strategic review in the first half of 2023. 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. The separation will result in two independent, publicly traded and well . After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. This is a growing company where the executive leadership really focuses on a work/life balance. 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 Resources company charter does not require a shareholder vote to complete the transaction. if we've collected "Sales Lead Information" for a given company, it will be displayed on the
"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. 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. 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 most common ethnicity at MDU Resources is White (82%). Below youll find a list of the types of career opportunities you can find at Knife River. The event can be accessed atwww.mdu.com. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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 4. 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. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. 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? We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. To protect our site, we cannot process your request right now. In addition, all pages on Bizapedia will be
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. 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 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. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. Click the link in the email we sent to to verify your email address and activate your job alert. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Skip to content Skip to main nav. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. When typing in this field, a list of search results will appear and be automatically updated as you type. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". Careers Featured projects Our customers are as varied as our experience. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. MDU Construction Services Group The companies have since partnered on two base-load power plants (Big Stone and Coyote). 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. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. The staff at MDU Resources come from unusually diverse demographic backgrounds. We also use third-party cookies that help us analyze and understand how you use this website. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. 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 separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Spinoff of Knife River expected to unlock significant shareholder value. Second Quarter 2022 Financial Results 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 The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. The company's filing status is listed as Active and its File Number is 1981716. 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. These cookies will be stored in your browser only with your consent. It does not store any personal data. 1150 W. Century Ave. Annual Report. Statement of Changes in Beneficial Ownership. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. 1200 West Century Avenue. 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. Amazing things happen when you're having fun and doing something you love. None of the information on this page has been provided or approved by MDU Resources. Register for your account and get started with our industry leading people contacts search engine. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. 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. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. BISMARCK, N.D., Aug. 4, 2022 /PRNewswire/ MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. 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. Enhanced strategic focus: Each business will be able to pursue individualized strategies specific to the industries in which it operates, and use equity tailored to its own business to enhance acquisition programs and retention and hiring. We provide industry leading services with a focus on safety. 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]. The cookie is used to store the user consent for the cookies in the category "Analytics". Copyright 2022 MDU Resources Group, Inc.. All rights reserved. For more information, visitwww.kniferiver.com. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Our most recent assessment determined that a separation of Knife River could unlock significant value. Knife River generated $293 million of EBITDA in 2021. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". This site is NOT monitored 24 hours a day. MDU Resources employees are most likely to be members of the Republican Party. Project Managers are responsible for planning, implementing, and managing projects. if the company chooses to hide the private information on their profile from the general public. This category only includes cookies that ensures basic functionalities and security features of the website. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Our construction services bring power to communities and neighborhoods across the country. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. 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. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. by Terry Hildestad. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, and Wyoming, as well as Idaho, Minnesota, Oregon, and Washington; and offers related value-added services. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. 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. 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. -Jenna Lyons. 4% of MDU Resources employees are Black or African American. 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. This website uses cookies to improve your experience while you navigate through the website. Will shareholders of both companies receive a regular dividend post-spinoff? 1025 1250 W. Century Ave. Bismarck, ND 58501 Click Here. 10-K. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. This site is protected by reCAPTCHA and the Google. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. However with being a great place to work comes longevity. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. SEC Filings. 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. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 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Employee Directory. 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. See if MDU Resources is hiring near you. Main Telephone (866) 760-4852. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Fax: 701-323-3104. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies track visitors across websites and collect information to provide customized ads. What is the strategic rationale for spinning off Knife River? For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. We work underground and overhead in the transmission and distribution industry. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. The cookie is used to store the user consent for the cookies in the category "Other. served to you completely ad free and you will be granted access to view every profile in its entirety, even
Posted: January 31, 2023. By continuing to use this application, you consent to the use of cookies in accordance with our. How did this transaction come about? 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.