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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 In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. 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 us make this company more transparent. The company is 37.8% female and 18.4% ethnic minorities. What is the strategic rationale for spinning off Knife River? Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Executive Summary. Messages will be read and responded to as soon as. 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.. 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. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co It generated $169 million of EBITDA in 2021. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Distinct investment opportunities: Investors will have two compelling investment opportunities and will be able to better assess the value of the two companies based on their respective operational and financial characteristics. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. But opting out of some of these cookies may affect your browsing experience. $20 Hourly. Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2023! The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. We provide industry leading services with a focus on safety. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. 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). [6] The damages totaled $17.2 million. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. 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***. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. I am an MDU Resources shareholder. "Our strategic review of our construction services business also is well underway. MDU Resources is in the electric power natural gas construction industry. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. 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. Click Here. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. When is the spinoff expected to be completed? Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. A strong infrastructure is the heart of our country's economy. 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. No. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Our estimates are verified against BLS, Census, and current job openings data for accuracy. with up to 5 times the number of maximum matches per search vs. non-subscribers. This cookie is set by GDPR Cookie Consent plugin. Western National Group. MDU Resources employees are most likely to be members of the republican party. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. The proposed separation is subject to customary conditions, including final approval by the MDU Resources board of directors, receipt of a tax opinion and, if determined advisable, a private letter ruling from the Internal Revenue Service, and the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. MDU Construction Services Group has resources across the country to get any job done. 67% of the management team is White. 1150 W. Century Ave. 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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Selecting the value will change the page content. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Project Managers are responsible for planning, implementing, and managing projects. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. 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. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . This will also involve communication with the various functional areas and assistance in the development of training programs. Necessary cookies are absolutely essential for the website to function properly. 12 on list of top 600 specialty contractors. The cookie is used to store the user consent for the cookies in the category "Analytics". Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. These cookies do not store any personal information. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. 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. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. 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 You can sign up for additional alert options at any time. View original content to download multimedia. For more information about MDU Resources, visit the company's website at www.mdu.com. 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. This cookie is set by GDPR Cookie Consent plugin. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. Guests; Log in; Career Center. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. The company's filing status is listed as Active and its File Number is 1981716. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. It generated $321 million of EBITDA in 2021. This site is NOT monitored 24 hours a day. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Annual Report. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. Posted: January 31, 2023. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. But opting out of some of these cookies may have an effect on your browsing experience. 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. This category only includes cookies that ensures basic functionalities and security features of the website. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding MDU Resources and the proposed spinoff of Knife River that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1993, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. 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 SEC Filings. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. This cookie is set by GDPR Cookie Consent plugin. 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.. Help other job seekers by rating MDU Resources. 4. 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. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 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. After submitting your request, you will receive an activation email to the requested email address. from 8 AM - 9 PM ET. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". if the company chooses to hide the private information on their profile from the general public. 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. 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. 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: 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. 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. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. We also use third-party cookies that help us analyze and understand how you use this website. -Jenna Lyons. 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. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Spinoff of Knife River expected to unlock significant shareholder value. The company anticipates completing the strategic review in the first half of 2023. Will shareholders of both companies receive a regular dividend post-spinoff? For more information about MDU Resources, visit the company's website at www.mdu.com. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. 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. 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. The event can be accessed atwww.mdu.com. Details of Separation Transaction The largest donation made to a political party by an MDU Resources employee was In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . 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. 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. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. On average, employees at MDU Resources stay with the company for 5.3 years. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. The Natural Gas Distribution segment distributes natural gas and offers related value-added 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 . The national average salary for an MDU Resources employee in the United States is $52,489 per year. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. These cookies track visitors across websites and collect information to provide customized ads. 79 were here. 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. MDU Resources Group, Inc. is a power company based in Bismarck, ND. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, The companies have since partnered on two base-load power plants (Big Stone and Coyote). The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. The cookie is used to store the user consent for the cookies in the category "Other. It performs integrated contracting services. company profile page along with the rest of the general data. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. In addition, all pages on Bizapedia will be Analytical cookies are used to understand how visitors interact with the website. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. 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. Our customers are as varied as our experience. Advisors When will Knife River shares be distributed? Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. 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. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, and Wyoming, as well as Idaho, Minnesota, Oregon, and Washington; and offers related value-added services. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. 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 cookie is set by GDPR Cookie Consent plugin. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. This website uses cookies to improve your experience while you navigate through the website. Below youll find a list of the types of career opportunities you can find at Knife River. MDU Resources company charter does not require a shareholder vote to complete the transaction. 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. 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 Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. This is a growing company where the executive leadership really focuses on a work/life balance. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 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 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. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". Phone: 800-638-3278. This website uses cookies to improve your experience while you navigate through the website.