4% of MDU Resources employees are Black or African American. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. The Company's Electric segment generates, transmits, and distributes electricity. 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. 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. Below youll find a list of the types of career opportunities you can find at Knife River. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. It also distributes cement and asphalt oil. These cookies will be stored in your browser only with your consent. Following a thorough assessment, the board determined that a spinoff of Knife River Corporation is the best path forward to maximize value for all stakeholders. Details of Separation Transaction Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. They ensure a project is completed on time and within budget. How did this transaction come about? MDU Resources Group, Inc. | Bismarck ND Get notified about new Senior Process Analyst jobs in Brea, CA. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Creates financial and strategic flexibility for each company to focus on core business opportunities. It generated $169 million of EBITDA in 2021. 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. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. "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. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. Updates will be provided as the company moves toward completing the spinoff. Bismarck, ND 58506. These cookies track visitors across websites and collect information to provide customized ads. Messages will be read and responded to as soon as. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. 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. 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 . Visit the Career Advice Hub to see tips on interviewing and resume writing. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. 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[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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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? The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Full-Time. Why isnt there a shareholder vote? This category only includes cookies that ensures basic functionalities and security features of the website. Conference Call 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 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 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. We are always looking at our business mix for opportunities to enhance shareholder value. 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. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. 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. The largest donation made to a political party by an MDU Resources employee was Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Our most recent assessment determined that a separation of Knife River could unlock significant value. On average, employees at MDU Resources stay with the company for 5.3 years. These cookies ensure basic functionalities and security features of the website, anonymously. Loading. 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. Forward-Looking Statements Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. The PUC faulted Loy Clark and listed the cause of the accident as Loy Clark's failure to give sufficient notifications to regulators about excavation plans. Knife River is always looking for good people to join our team. 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. 1025 1250 W. Century Ave. Bismarck, ND 58501 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. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. 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. We also use third-party cookies that help us analyze and understand how you use this website. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. Project Managers are responsible for planning, implementing, and managing projects. 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. 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. MDU Resources headquarters is in Bismarck, ND. The Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete in the central, southern, and western United States, as well as Alaska and Hawaii. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Locations 1200 W. Century Ave. Bismarck, ND 58503, US Get directions Employees at MDU Resources Group, Inc. Steve Held Vladimir Terzic Harry Pearce Laura Lueder Manager of Communications and. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. This cookie is set by GDPR Cookie Consent plugin. This website uses cookies to improve your experience while you navigate through the website. 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]. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. After submitting your request, you will receive an activation email to the requested email address. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. Research Summary. MDU Construction Services Group employs more than 7,500 skilled employees across the country. Company Mdu Resources Group Inc. MDU Resources Group, Inc. All rights reserved. Help other job seekers by rating MDU Resources. 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. 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. 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 Non-GAAP Financial Measures Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. 10-K. I am an MDU Resources shareholder. 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. Communities Served North Dakota South Dakota Montana Wyoming 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. Will shareholders of both companies receive a regular dividend post-spinoff? The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 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. Changes in such assumptions and factors could cause actual future results to differ materially. MDU Resources Group, Inc. website Headquartered in Bismarck, ND, MDU Resources Group, Inc. is celebrating our 90th year of Building a Strong America with value-added natural resources products and related services that are essential to energy and transportation infrastructure. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. 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. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . Selecting the value will change the page content. 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. However with being a great place to work comes longevity. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. 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. by Terry Hildestad. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 MDU Resources generates $5.7B in revenue. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. 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. 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: Your entire office will be able to use your search subscription. 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. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. These cookies do not store any personal information. Fax: 701-323-3104. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. Advisors MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. This category only includes cookies that ensures basic functionalities and security features of the website. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. 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. 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.. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. Claiming and updating your company profile on Zippia is free and easy. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. The staff at MDU Resources come from unusually diverse demographic backgrounds. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. Have you worked at MDU Resources? 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. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. MDU Construction Services Group employs more than 7,500 skilled employees across the country.
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