The Company's Electric segment generates, transmits, and distributes electricity. The distribution systems in these towns passed into MDU ownership by the early 1940s. 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. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. 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. 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 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. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, 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. This website uses cookies to improve your experience while you navigate through the website. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Working at MDU Resources Group, Inc.: 8 Reviews - indeed.com The cookie is used to store the user consent for the cookies in the category "Analytics". Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Creates financial and strategic flexibility for each company to focus on core business opportunities. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. 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. $20 Hourly. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. But opting out of some of these cookies may have an effect on your browsing experience. Western National Group. 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. 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 Resources Group headquarters and office locations - Craft Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. The national average salary for an MDU Resources employee in the United States is $52,489 per year. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. We work underground and overhead in the transmission and distribution industry. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. 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. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. Bismarck, ND 58503, MDU Construction Services Group Conference Call 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 Help other job seekers by rating MDU Resources. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Full-Time. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. 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.". We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. 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. 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. Forward-Looking Statements MDU Resources Group Inc - Financials - SEC Filings Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Home - MDU Resources Group Inc. 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. "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. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. Executive Summary. 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. USA. The event can be accessed atwww.mdu.com. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & 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. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. 02/21/2023. However with being a great place to work comes longevity. 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 Phone: 800-638-3278. 7% of MDU Resources employees are Hispanic or Latino. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Loading. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. from 8 AM - 9 PM ET. Who We Are - MDU Construction Services Group, Inc. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. In addition, Recognition Archives - MDU Resources Group Inc. The staff at MDU Resources come from unusually diverse demographic backgrounds. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. After submitting your request, you will receive an activation email to the requested email address. 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. 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. Our customers are as varied as our experience. Following the planned separation, MDU Resources will remain headquartered in Bismarck, North Dakota, and continue to be the parent company for MDU Resources existing regulated electric and natural gas utilities (Cascade Natural Gas Corp., Intermountain Gas Co., Montana-Dakota Utilities Co.), natural gas pipeline business (WBI Energy, Inc.) and construction services company (MDU Construction Services Group, Inc.). 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. MDU Resources Group, Inc. is a power company based in Bismarck, ND. Rebecca Dorwart at Mdu Resources Group Inc. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. SEC Filings. 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 Group, Inc. Company Profile - Dun & Bradstreet Get email updates for new Senior Process Analyst jobs in Brea, CA. Necessary cookies are absolutely essential for the website to function properly. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. Details of Separation Transaction 400 N. Fourth St. Fax: 701-323-3104. 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. Supervised and managed all personnel, work activities and . We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Skip to content Skip to main nav. 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. MDU Resources Group - Overview, News & Competitors - ZoomInfo MDU Resources Group is traded on the New York Stock Exchange as "MDU." For more information about MDU Resources, visit the company's website at www.mdu.com. Knife River Separation - MDU Resources Group Inc. How did this transaction come about? The forward-looking statements contained in this release, including statements about MDU Resources' goal to create two pure-play public companies, its planned separation of Knife River Corporation and its strategic review of MDU Construction Services Group, are expressed in good faith and are believed by the company to have a reasonable basis. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. Messages will be read and responded to as soon as. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. 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. 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. But opting out of some of these cookies may have an effect on your browsing experience. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. It generated $321 million of EBITDA in 2021. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. 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. Annual Report. 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. 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. 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. Claiming and updating your company profile on Zippia is free and easy. 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. Our most recent assessment determined that a separation of Knife River could unlock significant value. Careers - MDU Resources Group Inc. MDU Resources Group, Inc. Corporate Profile - Winmo MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota.
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