The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. But opting out of some of these cookies may have an effect on your browsing experience. Spinoff of Knife River expected to unlock significant shareholder value. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. We provide industry leading services with a focus on safety. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. The cookies is used to store the user consent for the cookies in the category "Necessary". This website uses cookies to improve your experience while you navigate through the website. Details of Separation Transaction It generated $321 million of EBITDA in 2021. Advisors MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. It generated $169 million of EBITDA in 2021. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms,
Necessary cookies are absolutely essential for the website to function properly. MDU Resources Group, Inc. All rights reserved. Employee Directory. 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. Help us make this company more transparent. No. It performs integrated contracting services. 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. 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. This is a growing company where the executive leadership really focuses on a work/life balance. 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. 1015 1200 W. Century Ave. Bismarck, ND 58503 Email MDU Construction Services Group, Inc. Tom Nosbusch 701-530-1352 1150 W. Century Ave. Bismarck, ND 58503 Email WBI Energy, Inc. Melinda Steckler 701-530-1025 or 800-437-8000, ext. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . Bismarck, ND 58506. [8] Two additional lawsuits were filed against Loy Clark in December 2019. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. The company anticipates completing the strategic review in the first half of 2023. Western National Group. 1150 W. Century Ave. It also distributes cement and asphalt oil. Analytical cookies are used to understand how visitors interact with the website. This website uses cookies to improve your experience while you navigate through the website. In just the past four years, it has completed 12 acquisitions and increased revenues 23%. It generated $78 million of EBITDA in 2021. mdu resources inc. For more information about MDU Resources, visit the company's website at www.mdu.com. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Get notified about new Senior Process Analyst jobs in Brea, CA. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. 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. The average employee at MDU Resources makes $52,489 per year. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. 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]. 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. 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. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. MDU Resources Group, Inc. ( NYSE: MDU) Q4 2022 Earnings Conference Call February 9, 2023 2:00 PM ET Company Participants Jason Vollmer - VP & CFO David Barney - President & CEO, Knife River. Your entire office will be able to use your search subscription. 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. 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 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. How long have you been considering this? This site is protected by reCAPTCHA and the Google. Jan 2004 - Mar 201511 years 3 months. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. MDU Construction Services Group Based on our data team's research, David L. Goodin is the MDU Resources's CEO. About MDU Resources Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. mdu resources group inc. mdu resources group. A strong infrastructure is the heart of our country's economy. It is headquartered in Bismarck, North Dakota, and operates in 48 states. 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. 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. if the company chooses to hide the private information on their profile from the general public. 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. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. 12 on list of top 600 specialty contractors. We also use third-party cookies that help us analyze and understand how you use this website. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. This cookie is set by GDPR Cookie Consent plugin. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 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. Help other job seekers by rating MDU Resources. How did this transaction come about? We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. Executive Summary. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. 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. 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 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: By continuing to use this application, you consent to the use of cookies in accordance with our.