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.. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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 You must click the activation link in order to complete your subscription. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. 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. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 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. SEC Filings. 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. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. It generated $169 million of EBITDA in 2021. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. Looking for Montana-Dakota Utilities? We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. When is the spinoff expected to be completed? -Jenna Lyons. How will this impact MDU Resources current quarterly dividend? In addition, 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. We provide industry leading services with a focus on safety. The separation will result in two independent, publicly traded and well . 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. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. About MDU ResourcesMDU 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. Amazing things happen when you're having fun and doing something you love. Necessary cookies are absolutely essential for the website to function properly. Bismarck, ND 58503, MDU Construction Services Group Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. 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. 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. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 02/21/2023. MDU Construction Services Group has resources across the country to get any job done. [6] The damages totaled $17.2 million. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. 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. 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. We are sorry, but your computer or network may be sending automated queries. Advisors Company Mdu Resources Group Inc. 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. 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. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. Selecting the value will change the page content. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. MDU Resources has 69 locations in the United States. 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. This site is protected by reCAPTCHA and the Google. 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. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. By continuing to use this application, you consent to the use of cookies in accordance with our, Behnken named to national Innovation Institute, General foreman puts stop the bleed training into practice, saves mans life, MDU Resources Reports Third Quarter Earnings; Board Authorizes Strategic Review for MDU Construction Services Group, MDU Construction Services Group ranks No. Given its size and scale today, the MDU Resources Board of Directors believes now is the right time to spin off Knife River to unlock additional value for both MDU Resources and Knife River. The combined utility business has a rate base of $2.8 billion and is expected to make $1.6 billion in capital investments over the next five years. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. None of the information on this page has been provided or approved by MDU Resources. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Except as required by law, the company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise. Project Managers are responsible for planning, implementing, and managing projects. When will Knife River shares be distributed? We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. mdu resources inc. 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. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. 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. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. 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. Non-GAAP Financial Measures The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 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 . They ensure a project is completed on time and within budget. This website uses cookies to improve your experience while you navigate through the website. 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. Knife River has a successful track record of growth. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. They ensure a project is completed on time and within budget. 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. What approvals are required? Western National Group. By continuing to use this application, you consent to the use of cookies in accordance with our. MDU Resources employees are most likely to be members of the republican party. Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. Enter the location for your project and choose the product youd like. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. You can sign up for additional alert options at any time. This site is NOT monitored 24 hours a day. We also use third-party cookies that help us analyze and understand how you use this website. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. The national average salary for an MDU Resources employee in the United States is $52,489 per year. Forward-Looking Statements 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. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. The Company's Electric segment generates, transmits, and distributes electricity. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Click Here. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. $4,900 to the Republican Party. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. Help other job seekers by rating MDU Resources. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Loading. 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. About MDU Resources This cookie is set by GDPR Cookie Consent plugin. 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! For more information about MDU Resources, visit the company's website at www.mdu.com. View original content to download multimedia. See if MDU Resources is hiring near you. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like.
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