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This website uses cookies to improve your experience while you navigate through the website. Posted: January 31, 2023. Get email updates for new Senior Process Analyst jobs in Brea, CA. 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. 79 were here. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. As it expanded across Eastern Montana and western North Dakota, it acquired the electric franchise for Miles City, Montana, after an acquisition struggle with the Montana Power Company.[3]. How long have you been considering this? Terry Hildestad donated This category only includes cookies that ensures basic functionalities and security features of the website. MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, The separation is expected to be completed in 2023. None of the information on this page has been provided or approved by MDU Resources. 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. How did this transaction come about? 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. with up to 5 times the number of maximum matches per search vs. non-subscribers. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. Fax: 701-323-3104. See if MDU Resources is hiring near you. 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. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. This website uses cookies to improve your experience while you navigate through the website. 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. We are sorry, but your computer or network may be sending automated queries. mdu resources inc. MDU Construction Services Group employs more than 7,500 skilled employees across the country. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. It also distributes cement and asphalt oil. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 In 2001, Knife River sold its remaining coal-mining interests. The national average salary for an MDU Resources employee in the United States is $52,489 per year. Employee Directory. 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). This is a growing company where the executive leadership really focuses on a work/life balance. 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. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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. A strong infrastructure is the heart of our country's economy. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, To protect our site, we cannot process your request right now. Necessary cookies are absolutely essential for the website to function properly. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. It also provides cathodic protection and other energy-related services. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. Analytical cookies are used to understand how visitors interact with the website. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Forward-Looking Statements ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics When MDU examined DPSC's books after the purchase, they spent the next six years in litigation with NWPS over allegations of improper internal charges between NWPS, NP&L, and NDP&L. $4,900 to the Republican Party. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. Necessary cookies are absolutely essential for the website to function properly. Guests; Log in; Career Center. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . 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. 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! Click Here. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. However with being a great place to work comes longevity. Visit the Career Advice Hub to see tips on interviewing and resume writing. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Supervised and managed all personnel, work activities and . When will Knife River shares be distributed? This website uses cookies to improve your experience while you navigate through the website. 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. These efforts demonstrate our progress and commitment to move toward our goal of creating two pure-play public companies, with one focused on regulated energy delivery and the other on construction materials.". 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. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. This will also involve communication with the various functional areas and assistance in the development of training programs. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. The company's principal address . About MDU ResourcesMDU 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. 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. 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. The cookie is used to store the user consent for the cookies in the category "Performance". Early history[ edit] These cookies track visitors across websites and collect information to provide customized ads. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. 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. In addition, With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. 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. company profile page along with the rest of the general data. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. These cookies do not store any personal information. 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. 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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. It also distributes cement and asphalt oil. These cookies ensure basic functionalities and security features of the website, anonymously. 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. By the 1960s it was decided that the company's headquarters should be located within its service territory, in Bismarck, the largest town on the system, and the relocation was completed in 1968. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. 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. 400 N. Fourth St. It performs integrated contracting services. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. USA. 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. These cookies will be stored in your browser only with your consent. 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 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. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. Loading. 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? Bismarck, ND 58503, MDU Construction Services Group It is mandatory to procure user consent prior to running these cookies on your website. 10-K. 67% of the management team is White. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. Click the link in the email we sent to to verify your email address and activate your job alert. Below youll find a list of the types of career opportunities you can find at Knife River. 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. What is the strategic rationale for spinning off Knife River? As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. None of the information on this page has been provided or approved by MDU Resources. The separation will result in two independent, publicly traded and well . Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. -Jenna Lyons. 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.. Analytical cookies are used to understand how visitors interact with the website. from 8 AM - 9 PM ET. It does not store any personal data. Executive Summary. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . This cookie is set by GDPR Cookie Consent plugin. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Knife River is always looking for good people to join our team. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to completing the spinoff, as will the specific transaction structure. These cookies do not store any personal information. 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: The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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 Natural Gas Distribution segment distributes natural gas and offers related value-added services. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Initially, Minnesota Northern was only in the business of selling electric power, but entered the natural gas business following its discovery of oil in 1936 in the Williston Basin in Eastern Montana. Messages will be read and responded to as soon as. Selecting the value will change the page content. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. mdu resources group inc. mdu resources group. 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.". Annual Report. You also have the option to opt-out of these cookies. The company was founded in 1924 and is based in Bismarck, North Dakota. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. MDU Resources has 69 locations in the United States. 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. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. Following a thorough assessment, the board determined that a spinoff of Knife River Corporation is the best path forward to maximize value for all stakeholders. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, MDU Resources Board of Directors Names Leadership for Knife River Upon Separation, MDU Resources Declares Quarterly Dividend on Common Stock. MDU Resources Group, Inc. is a power company based in Bismarck, ND. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. "Our strategic review of our construction services business also is well underway. The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. 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. Research Summary. 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. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. Jan 2004 - Mar 201511 years 3 months. This cookie is set by GDPR Cookie Consent plugin. But opting out of some of these cookies may affect your browsing experience. 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! Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. We also use third-party cookies that help us analyze and understand how you use this website. The company's filing status is listed as Active and its File Number is 1981716. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. 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. For more information, visitwww.kniferiver.com. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. But opting out of some of these cookies may have an effect on your browsing experience. 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). 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 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. 02/21/2023. You will love working at Western! 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. We provide industry leading services with a focus on safety. 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. 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