The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 1025 1250 W. Century Ave. Bismarck, ND 58501 Spinoff of Knife River expected to unlock significant shareholder value. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. The average employee at MDU Resources makes $52,489 per year. Primary Address. We are always looking at our business mix for opportunities to enhance shareholder value. [8] Two additional lawsuits were filed against Loy Clark in December 2019. Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. 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. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. 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. The separation will result in two independent, publicly traded and well . Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Phone: 800-638-3278. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. 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. Conference Call MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. We provide industry leading services with a focus on safety. by Terry Hildestad. 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. 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 a nationwide provider of power line and telecommunication wire stringing equipment and related tools. Statement of Changes in Beneficial Ownership. A strong infrastructure is the heart of our country's economy. 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. It is mandatory to procure user consent prior to running these cookies on your website. They ensure a project is completed on time and within budget. 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. Amazing things happen when you're having fun and doing something you love. Fax: 701-323-3104. This category only includes cookies that ensures basic functionalities and security features of the website. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . We also use third-party cookies that help us analyze and understand how you use this website. You can unsubscribe from these emails at any time. MDU Resources generates $5.7B in revenue. The staff at MDU Resources come from unusually diverse demographic backgrounds. On average, employees at MDU Resources stay with the company for 5.3 years. The company anticipates completing the strategic review in the first half of 2023. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. [6] The damages totaled $17.2 million. "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. Jan 2004 - Mar 201511 years 3 months. if the company chooses to hide the private information on their profile from the general public. You will love working at Western! 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. 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. Help other job seekers by rating MDU Resources. These cookies do not store any personal information. With our nations focus on infrastructure, the recent passage of the Investment in Infrastructure and Jobs Act will provide federal funding to support the type of public and private work Knife River does. 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. MDU Resources will discuss todays separation announcement as well as its second quarter results during a webcast at 8:30 a.m. EDT Aug. 4, 2022. How will this impact MDU Resources current quarterly dividend? Second Quarter 2022 Financial Results The distribution systems in these towns passed into MDU ownership by the early 1940s. 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. It generated $78 million of EBITDA in 2021. This will also involve communication with the various functional areas and assistance in the development of training programs. In 2001, Knife River sold its remaining coal-mining interests. See if MDU Resources is hiring near you. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. 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 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. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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. 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. if we've collected "Sales Lead Information" for a given company, it will be displayed on the These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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. Why isnt there a shareholder vote? This is a growing company where the executive leadership really focuses on a work/life balance. Necessary cookies are absolutely essential for the website to function properly. These cookies track visitors across websites and collect information to provide customized ads. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies track visitors across websites and collect information to provide customized ads. These cookies do not store any personal information. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. But opting out of some of these cookies may have an effect on your browsing experience. 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. The company is 37.8% female and 18.4% ethnic minorities. It generated $321 million of EBITDA in 2021. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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.). MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256
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