After submitting your request, you will receive an activation email to the requested email address. 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. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. The company was founded in 1924 and is based in Bismarck, North Dakota. The separation will result in two independent, publicly traded and well . Bismarck, ND 58503, MDU Construction Services Group 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. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. The average employee at MDU Resources makes $52,489 per year. 67% of the management team is White. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. You can sign up for additional alert options at any time. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. MDU Resources is in the electric power natural gas construction industry. "Our strategic review of our construction services business also is well underway. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. 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. 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. Get email updates for new Senior Process Analyst jobs in Brea, CA. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. This cookie is set by GDPR Cookie Consent plugin. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co MDU Resources Group, Inc. | Bismarck ND 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. MDU Resources company charter does not require a shareholder vote to complete the transaction. The cookies is used to store the user consent for the cookies in the category "Necessary". Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 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. 1025 1250 W. Century Ave. Bismarck, ND 58501 Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. 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 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. 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. Below youll find a list of the types of career opportunities you can find at Knife River. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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! Non-GAAP Financial Measures 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 national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. If you experience any issues with this process, please contact us for further assistance. Jan 2004 - Mar 201511 years 3 months. 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 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics served to you completely ad free and you will be granted access to view every profile in its entirety, even 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. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. 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 Our construction services bring power to communities and neighborhoods across the country. Help other job seekers by rating MDU Resources. Employee Directory. Get notified about new Senior Process Analyst jobs in Brea, CA. Messages will be read and responded to as soon as. Referrals increase your chances of interviewing at Mercury Insurance by 2x. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. 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. 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 is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Primary Address. 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. The average employee at MDU Resources makes $52,489 per year. Advisors MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. Claiming and updating your company profile on Zippia is free and easy. Executive Summary. Necessary cookies are absolutely essential for the website to function properly. Both companies eventually realized the lawsuit was unproductive and they ceased litigation.[3]. Your entire office will be able to use your search subscription. if the company chooses to hide the private information on their profile from the general public. How long have you been considering this? 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. 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. 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. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 79 were here. 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. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. These cookies do not store any personal information. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. View original content to download multimedia. [8] Two additional lawsuits were filed against Loy Clark in December 2019. 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. 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. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Supervised and managed all personnel, work activities and . The company's filing status is listed as Active and its File Number is 1981716. 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. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. 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. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. The distribution systems in these towns passed into MDU ownership by the early 1940s. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. 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. 7% of MDU Resources employees are Hispanic or Latino. The Company's Electric segment generates, transmits, and distributes electricity. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. 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. Search Keywords. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Necessary cookies are absolutely essential for the website to function properly. The company anticipates completing the strategic review in the first half of 2023. Main Telephone (866) 760-4852. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. You must click the activation link in order to complete your subscription. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. The cookie is used to store the user consent for the cookies in the category "Other. 1200 West Century Avenue. Details of Separation Transaction The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. Full-Time. 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. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. We work underground and overhead in the transmission and distribution industry. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. 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. by Terry Hildestad. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, 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. 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. It also distributes cement and asphalt oil. 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. How did this transaction come about? 4% of MDU Resources employees are Black or African American. 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. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. We also use third-party cookies that help us analyze and understand how you use this website. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Click Here. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Help us make this company more transparent. Bismarck, ND 58506. MDU Resources Group, Inc. is a power company based in Bismarck, ND. 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. Conference Call MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders.
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