Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. USA. 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Selecting the value will change the page content. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. On average, employees at MDU Resources stay with the company for 5.3 years. 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. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Communities Served North Dakota South Dakota Montana Wyoming MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. Skip to content Skip to main nav. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics mdu resources inc. How will this impact MDU Resources current quarterly dividend? The company was founded in 1924 and is based in Bismarck, North Dakota. 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. Messages will be read and responded to as soon as. 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. This cookie is set by GDPR Cookie Consent plugin. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. 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. 12 on list of top 600 specialty contractors. 10-K. 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. Our most recent assessment determined that a separation of Knife River could unlock significant value. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Financial Contact:Brent Miller, director of financial projects and investor relations, 701-530-1730Media Contact:Laura Lueder, manager of communications and public relations, 701-530-1095, Cision Distribution 888-776-0942 In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. You can unsubscribe from these emails at any time. 1200 West Century Avenue. Our customers are as varied as our experience. It generated $78 million of EBITDA in 2021. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 1150 W. Century Ave. 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. Necessary cookies are absolutely essential for the website to function properly. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. 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 Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. 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. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. 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. 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. Bismarck, ND 58506. MDU Resources has 10,140 employees, of which 24 are in a leadership position. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. We also use third-party cookies that help us analyze and understand how you use this website. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. mdu resources group inc. mdu resources. This will also involve communication with the various functional areas and assistance in the development of training programs. Click the link in the email we sent to to verify your email address and activate your job alert. 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 [8] Two additional lawsuits were filed against Loy Clark in December 2019. It is mandatory to procure user consent prior to running these cookies on your website. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. MDU Construction Services Group provides a full spectrum of construction solutions, from underground utilities and excavation to electrical, mechanical and fire suppression systems as well as transmission and distribution line construction. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. The distribution systems in these towns passed into MDU ownership by the early 1940s. None of the information on this page has been provided or approved by MDU Resources. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. It also distributes cement and asphalt oil. $4,900 to the Republican Party. Full-Time. These cookies will be stored in your browser only with your consent. Visit the Career Advice Hub to see tips on interviewing and resume writing. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 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 Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. MDU Resources generates $5.7B in revenue. Early history[ edit] 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). 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. When is the spinoff expected to be completed? 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. Help other job seekers by rating MDU Resources. MDU Resources and Knife Rivers proven management teams will be able to more directly focus resources and capital to achieve their respective strategic goals, Goodin said. 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. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. 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. For more information, visitwww.kniferiver.com. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. The company anticipates completing the strategic review in the first half of 2023. The national average salary for an MDU Resources employee in the United States is $52,489 per year. if the company chooses to hide the private information on their profile from the general public. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. with up to 5 times the number of maximum matches per search vs. non-subscribers. This category only includes cookies that ensures basic functionalities and security features of the website. The largest donation made to a political party by an MDU Resources employee was You can sign up for additional alert options at any time. We provide industry leading services with a focus on safety. 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. 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. MDU Resources Group, Inc. is a power company based in Bismarck, ND. 1025 1250 W. Century Ave. Bismarck, ND 58501 Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". The largest addition of electric utility territory came in 1945, when MDU purchased the Dakota Public Service Company (DPSC) from NorthWestern Public Service Company (NWPS) of Huron, South Dakota. See if MDU Resources is hiring near you. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You also have the option to opt-out of these cookies. These cookies will be stored in your browser only with your consent. Spinoff of Knife River expected to unlock significant shareholder value. The cookie is used to store the user consent for the cookies in the category "Analytics". Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Get notified about new Senior Process Analyst jobs in Brea, CA. MDU Resources competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. Statement of Changes in Beneficial Ownership. 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. To protect our site, we cannot process your request right now. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. Amazing things happen when you're having fun and doing something you love. 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 View original content to download multimedia. Project Managers are responsible for planning, implementing, and managing projects. MDU Resources company charter does not require a shareholder vote to complete the transaction. "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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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 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. 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. Posted: January 31, 2023. -Jenna Lyons. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. 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. Referrals increase your chances of interviewing at Mercury Insurance by 2x. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. The companies have since partnered on two base-load power plants (Big Stone and Coyote). The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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 A strong infrastructure is the heart of our country's economy. Advisors The company's principal address . Non-GAAP Financial Measures [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 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. Research Summary. 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. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 79 were here. 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]. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. 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. BISMARCK, N.D., Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation.
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