SEC Filings. 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. I am an MDU Resources shareholder. By continuing to use this application, you consent to the use of cookies in accordance with our. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics 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. Looking for Montana-Dakota Utilities? What approvals are required? MDU Resources employees are most likely to be members of the Republican Party. Advisors In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. These cookies do not store any personal information. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. In 2001, Knife River sold its remaining coal-mining interests. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. How long have you been considering this? 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 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. About Us - Intermountain Gas Company After submitting your request, you will receive an activation email to the requested email address. The company was founded in 1924 and is based in Bismarck, North Dakota. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 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! For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. To protect our site, we cannot process your request right now. Knife River has a successful track record of growth. The company anticipates completing the strategic review in the first half of 2023. It also provides cathodic protection and other energy-related services. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. This site is protected by reCAPTCHA and the Google. 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 Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. About Us - Cascade Natural Gas Corporation MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. When will Knife River shares be distributed? We are always looking at our business mix for opportunities to enhance shareholder value. Why isnt there a shareholder vote? 1150 W. Century Ave. 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. The Company's Electric segment generates, transmits, and distributes electricity. 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. 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. Our construction services bring power to communities and neighborhoods across the country. 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). 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. It is mandatory to procure user consent prior to running these cookies on your website. Forward-Looking Statements You also have the option to opt-out of these cookies. MDU Resources Group, Inc. | Bismarck ND We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 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. Help us make this company more transparent. We provide industry leading services with a focus on safety. MDU Resources Surplus Auction - Cabinet 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 . Careers Featured projects Our customers are as varied as our experience. The companies have since partnered on two base-load power plants (Big Stone and Coyote). Analytical cookies are used to understand how visitors interact with the website. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. The company's filing status is listed as Active and its File Number is 1981716. mdu resources group inc. mdu resources. If you experience any issues with this process, please contact us for further assistance. 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.". The most common ethnicity at MDU Resources is White (82%). Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Updates will be provided as the company moves toward completing the spinoff. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. 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. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. Below youll find a list of the types of career opportunities you can find at Knife River. [8] Two additional lawsuits were filed against Loy Clark in December 2019. Register for your account and get started with our industry leading people contacts search engine. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Communities Served North Dakota South Dakota Montana Wyoming It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. BISMARCK, N.D. Aug. 4, 2022 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. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. Loading. MDU Resources Group, Inc. | Bismarck ND - Facebook No. MDU Resources Group - Overview, News & Competitors - ZoomInfo This website uses cookies to improve your experience while you navigate through the website. 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. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. It performs integrated contracting services. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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]. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Non-GAAP Financial Measures MDU Construction Services Group has resources across the country to get any job done. Careers - MDU Resources Group Inc. 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. Leasing Consultant Job in Brea, CA at Western National Group 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. View original content to download multimedia. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. MDU Resources Group, Inc. is a U.S.-based corporation supplying essential products and services through its regulated energy delivery and construction materials and services businesses. Necessary cookies are absolutely essential for the website to function properly. How will this impact MDU Resources current quarterly dividend? MDU Resources has 69 locations in the United States. 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. USA. Home - MDU Resources Group Inc. MDU Resources Group, Inc. Company Profile - Dun & Bradstreet Our most recent assessment determined that a separation of Knife River could unlock significant value. 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. Average MDU Resources Group Salary: By Location, Job Title - Zippia 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. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. MDU Construction Services Group You also have the option to opt-out of these cookies.
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