The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. It also distributes cement and asphalt oil. 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. But opting out of some of these cookies may have an effect on your browsing experience. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. Analytical cookies are used to understand how visitors interact with the website. The cookie is used to store the user consent for the cookies in the category "Analytics". Second Quarter 2022 Financial Results It performs integrated contracting services. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. We also use third-party cookies that help us analyze and understand how you use this website. 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 Brea, CA. MDU Resources has 10,140 employees, of which 24 are in a leadership position. MDU Construction Services Group While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . [8] Two additional lawsuits were filed against Loy Clark in December 2019. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year. In addition, The largest donation made to a political party by an MDU Resources employee was Register for your account and get started with our industry leading people contacts search engine. 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. 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. 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 competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. This website uses cookies to improve your experience while you navigate through the website. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. These cookies do not store any personal information. Amazing things happen when you're having fun and doing something you love. It generated $169 million of EBITDA in 2021. [13], 2016 Portland gas explosion - Loy Clark lawsuits, Last edited on 24 December 2022, at 15:11, Public Utility Holding Company Act of 1935, "MDU Resources Announces 2017 Financial Results, Initiates Guidance for 2018", "MDU - Mdu Resources Group Inc Profile | Reuters", "About Loy Clark Construction - Serving the Portland Metro & Washington", "Pipeline at NW 23rd Ave. blast site was not pierced", "Oregon natural gas explosion injures eight, destroys building", "NW 23rd blast: Excavator dug on wrong side of street, caused natural gas explosion, report says", "10 lawsuits filed in aftermath of NW 23rd Ave. explosions", "Portland bagel shop owners sue pipeline company over 2016 explosion that destroyed business", "Cascade Natural Gas Corp. merger completed", "MDU Resources to Acquire Intermountain Gas Company", https://en.wikipedia.org/w/index.php?title=MDU_Resources&oldid=1129292950, This page was last edited on 24 December 2022, at 15:11. Rebecca works for Mdu Resources Group Inc. Rebecca Dorwart has been with Mdu Resources Group Inc. for 6 months and is in Lower Management, Rebecca's role is Manager: Project Manager, Human Resources Special Projects Manager. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". These cookies track visitors across websites and collect information to provide customized ads. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Necessary cookies are absolutely essential for the website to function properly. 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. MDU Resources employees are most likely to be members of the Republican Party. We are always looking at our business mix for opportunities to enhance shareholder value. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Get notified about new Senior Process Analyst jobs in Brea, CA. 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 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. 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. We believe the spinoff will create many compelling benefits, including: With a successful track record of organic and M&A-driven growth, we have built Knife River into a leading aggregates-based construction materials business. if we've collected "Sales Lead Information" for a given company, it will be displayed on the 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? 1200 West Century Avenue. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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.. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. View original content to download multimedia. 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. 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). 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. served to you completely ad free and you will be granted access to view every profile in its entirety, even 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 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. Loading. -Jenna Lyons. 12 on list of top 600 specialty contractors. This cookie is set by GDPR Cookie Consent plugin. Spinoff of Knife River expected to unlock significant shareholder value. 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. 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. 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 separation is expected to be completed in 2023. This site is NOT monitored 24 hours a day. Project Managers are responsible for planning, implementing, and managing projects. Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations Guests; Log in; Career Center. 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. In 2001, Knife River sold its remaining coal-mining interests. 79 were here. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. "Our strategic review of our construction services business also is well underway. When is the spinoff expected to be completed? The average employee at MDU Resources makes $52,489 per year. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Subsidiaries to MDU Resources include Young Brothers Inc Contractors. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. 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. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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 separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Employee Directory. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. Posted: January 31, 2023. Click Here. What is the strategic rationale for spinning off Knife River? It also provides cathodic protection and other energy-related services. This site is protected by reCAPTCHA and the Google. 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. 4% of MDU Resources employees are Black or African American. Get email updates for new Senior Process Analyst jobs in Brea, CA. 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. You also have the option to opt-out of these cookies. 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. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. MDU Construction Services Group has resources across the country to get any job done. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. 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 cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. 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. 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! 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. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. What approvals are required? 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. Have you worked at MDU Resources? 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. "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. It does not store any personal data. 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. You can sign up for additional alert options at any time. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. mdu resources group. 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. The average employee at MDU Resources makes $52,489 per year. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. It is headquartered in Bismarck, North Dakota, and operates in 48 states. In addition, all pages on Bizapedia will be 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. Bismarck, ND 58506. Click the link in the email we sent to to verify your email address and activate your job alert. 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