We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. The cookies is used to store the user consent for the cookies in the category "Necessary". MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. The event can be accessed atwww.mdu.com. Necessary cookies are absolutely essential for the website to function properly. Claiming and updating your company profile on Zippia is free and easy. 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. The companies have since partnered on two base-load power plants (Big Stone and Coyote). 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. We also use third-party cookies that help us analyze and understand how you use this website. 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. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . This website uses cookies to improve your experience while you navigate through the website. None of the information on this page has been provided or approved by MDU Resources. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. Conference Call 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. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. DPSC served a total of 91 towns in west-central North Dakota originally served by the Hughes Electric Company/North Dakota Power & Light Company (NDP&L) and south-central North Dakota/north-central South Dakota originally served by the Northern Power & Light Company (NP&L). MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. You can unsubscribe from these emails at any time. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. Communities Served North Dakota South Dakota Montana Wyoming For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. Our construction services bring power to communities and neighborhoods across the country. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 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. 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 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. Western National Group. 4% of MDU Resources employees are Black or African American. 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. What is the strategic rationale for spinning off Knife River? We also use third-party cookies that help us analyze and understand how you use this website. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. 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 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. After submitting your request, you will receive an activation email to the requested email address. Our most recent assessment determined that a separation of Knife River could unlock significant value. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. The most common ethnicity at MDU Resources is White (82%). Selecting the value will change the page content. 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. Advisors 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. 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. In 2001, Knife River sold its remaining coal-mining interests. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 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. 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. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". Bismarck, ND 58503, MDU Construction Services Group About Knife River The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. These cookies will be stored in your browser only with your consent. 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 If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. mdu resources inc. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. 1025 1250 W. Century Ave. Bismarck, ND 58501 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.. company profile page along with the rest of the general data. 400 N. Fourth St. 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 MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. MDU Resources company charter does not require a shareholder vote to complete the transaction. What will happen to my outstanding stock? 7% of MDU Resources employees are Hispanic or Latino. How long have you been considering this? When typing in this field, a list of search results will appear and be automatically updated as you type. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". MDU Resources Group, Inc. All rights reserved. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Register for your account and get started with our industry leading people contacts search engine. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. Necessary cookies are absolutely essential for the website to function properly. This cookie is set by GDPR Cookie Consent plugin. 1015 1200 W. Century Ave. Bismarck, ND 58503 Email MDU Construction Services Group, Inc. Tom Nosbusch 701-530-1352 1150 W. Century Ave. Bismarck, ND 58503 Email WBI Energy, Inc. Melinda Steckler 701-530-1025 or 800-437-8000, ext. Click the link in the email we sent to to verify your email address and activate your job alert. Statement of Changes in Beneficial Ownership. In addition, all pages on Bizapedia will be 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 employees are most likely to be members of the Republican Party. Messages will be read and responded to as soon as. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. 02/24/2023. 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. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. served to you completely ad free and you will be granted access to view every profile in its entirety, even MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. Bismarck, ND 58506. Looking for Montana-Dakota Utilities? 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. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. You will love working at Western! Referrals increase your chances of interviewing at Mercury Insurance by 2x. These cookies will be stored in your browser only with your consent. The company is 37.8% female and 18.4% ethnic minorities. View original content to download multimedia. if we've collected "Sales Lead Information" for a given company, it will be displayed on the By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. 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. Annual Report. -Jenna Lyons. It is mandatory to procure user consent prior to running these cookies on your website. 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. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. How will this impact MDU Resources current quarterly dividend? Supervised and managed all personnel, work activities and . 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 MDU Resources has 10,140 employees, of which 24 are in a leadership position. 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. [6] The damages totaled $17.2 million. 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. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. We believe the spinoff will create many compelling benefits, including: With a successful track record of organic and M&A-driven growth, we have built Knife River into a leading aggregates-based construction materials business. Primary Address. It is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and also receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free. 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. "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 Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. 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. 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. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. 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. I am an MDU Resources shareholder. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Company Mdu Resources Group Inc. $20 Hourly. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. We are always looking at our business mix for opportunities to enhance shareholder value. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. It performs integrated contracting services. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Audio and webcast replays will be available through Aug. 18, 2022, at 888-203-1112, or 719-457-0820 for international callers, passcode ID 3010359. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . 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. 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. 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. 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. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. 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. Rebecca Dorwart's job functions are Human Resources, Operations, Rebecca Dorwart's work email address is ***************@mdu.com, Rebecca Dorwart's LinkedIn profile can be found at, Rebecca Dorwart's work phone number (HQ) is +1 701-530-1***. Careers Featured projects Our customers are as varied as our experience. 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. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. Brea, CA. 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. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. Compelling Benefits of the Separation Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. [8] Two additional lawsuits were filed against Loy Clark in December 2019. 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.. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. You also have the option to opt-out of these cookies. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. However with being a great place to work comes longevity. It is headquartered in Bismarck, North Dakota, and operates in 48 states. This cookie is set by GDPR Cookie Consent plugin. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Analytical cookies are used to understand how visitors interact with the website. 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. 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. 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. These cookies do not store any personal information. 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. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Main Telephone (866) 760-4852. 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. The staff at MDU Resources come from unusually diverse demographic backgrounds. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. 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.

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