Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. None of the information on this page has been provided or approved by MDU Resources. When is the spinoff expected to be completed? [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 will discuss todays separation announcement as well as its second quarter results during a webcast at 8:30 a.m. EDT Aug. 4, 2022. SEC Filings. It is mandatory to procure user consent prior to running these cookies on your website. Get notified about new Senior Process Analyst jobs in Brea, CA. 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. Will shareholders of both companies receive a regular dividend post-spinoff? It also distributes cement and asphalt oil. We also use third-party cookies that help us analyze and understand how you use this website. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. You also have the option to opt-out of these cookies. This cookie is set by GDPR Cookie Consent plugin. 1150 W. Century Ave. 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***. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. Guests; Log in; Career Center. Register for your account and get started with our industry leading people contacts search engine. But opting out of some of these cookies may affect your browsing experience. MDU Resources employees are most likely to be members of the republican party. 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. 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 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. Terry Hildestad donated 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 following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. You must click the activation link in order to complete your subscription. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. by Terry Hildestad. Search Keywords. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Help other job seekers by rating MDU Resources. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. from 8 AM - 9 PM ET. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. 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. 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. Necessary cookies are absolutely essential for the website to function properly. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. 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. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. MDU Resources has 10,140 employees, of which 24 are in a leadership position. The spinoff is expected to be completed during 2023, subject to customary closing conditions, including final approval by MDU Resources Board of Directors, receipt of a tax opinion, the filing and effectiveness of a Form 10 registration statement with the SEC and, if determined advisable, a private letter ruling from the IRS. 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. MDU Resources Group, Inc. | Bismarck ND We also use third-party cookies that help us analyze and understand how you use this website. 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. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. with up to 5 times the number of maximum matches per search vs. non-subscribers. 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. Executive Summary. MDU Resources is in the electric power natural gas construction industry. MDU Resources Group, Inc. All rights reserved. MDU Resources has retained J.P. Morgan Securities LLC and PJT Partners as financial advisors and Wachtell, Lipton, Rosen & Katz as legal advisor for the review. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Statement of Changes in Beneficial Ownership. 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. Phone: 800-638-3278. Looking for Montana-Dakota Utilities? Analytical cookies are used to understand how visitors interact with the website. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Project Managers are responsible for planning, implementing, and managing projects. 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. 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: company profile page along with the rest of the general data. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. 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 may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. Referrals increase your chances of interviewing at Mercury Insurance by 2x. The distribution systems in these towns passed into MDU ownership by the early 1940s. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. Our customers are as varied as our experience. It does not store any personal data. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. The Oregon Public Utility Commission faulted MDU subsidiary[4][5] Loy Clark for the 2016 Portland gas explosion that leveled a building, sent asbestos fragments flying, damaged numerous buildings and injured eight people. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. 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. 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. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. 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? 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. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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 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. The separation will result in two independent, publicly traded and well . Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. 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. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. The company was founded in 1924 and is based in Bismarck, North Dakota. 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. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. Advisors Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. 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. 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.). 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 employee data is based on information from people who have self-reported their past or current employments at MDU Resources. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. However with being a great place to work comes longevity. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After submitting your request, you will receive an activation email to the requested email address. It generated $78 million of EBITDA in 2021. Below youll find a list of the types of career opportunities you can find at Knife River. $20 Hourly. 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 Group,Inc., founded in 1924, utilizes natural gas and coal mines. For more information, visitwww.kniferiver.com. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. mdu resources inc. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. [8] Two additional lawsuits were filed against Loy Clark in December 2019. 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 . I am an MDU Resources shareholder. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. The national average salary for an MDU Resources employee in the United States is $52,489 per year. For more information about MDU Resources, visit the company's website at www.mdu.com. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. The staff at MDU Resources come from unusually diverse demographic backgrounds. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. The companies have since partnered on two base-load power plants (Big Stone and Coyote). The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. MDU Resources company charter does not require a shareholder vote to complete the transaction. Main Telephone (866) 760-4852. 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. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. In addition, COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. 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 will be stored in your browser only with your consent. The cookie is used to store the user consent for the cookies in the category "Performance". MDU Construction Services Group We are always looking at our business mix for opportunities to enhance shareholder value. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. 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.". Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. Fax: 701-323-3104. Knife River has a successful track record of growth. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. -Jenna Lyons. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. 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).
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