company profile page along with the rest of the general data. After submitting your request, you will receive an activation email to the requested email address. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 79 were here. Non-GAAP Financial Measures Select Year: Filter filing type: Date Filing Type Filing Description Download / View. Changes in such assumptions and factors could cause actual future results to differ materially. 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. 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. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. 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. 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. MDU Resources Group, Inc. Marketing Contacts Contacts (5/13) Name Title State . Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. However with being a great place to work comes longevity. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. Analytical cookies are used to understand how visitors interact with the website. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We build complex, diverse projects for our customers and we're always looking for team members to contribute to our success. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. mdu resources inc. Conference Call You also have the option to opt-out of these cookies. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. They ensure a project is completed on time and within budget. 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. 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 board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. See if MDU Resources is hiring near you. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. We provide industry leading services with a focus on safety. Knife River, which provides construction materials and contracting services throughout the western, central and southern United States, also will remain headquartered in Bismarck. Help us make this company more transparent. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. Our construction services bring power to communities and neighborhoods across the country. MDU Resources company charter does not require a shareholder vote to complete the transaction. The separation will result in two independent, publicly traded and well . Executive Summary. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. MDU Resources has 10,140 employees, of which 24 are in a leadership position. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. Non-GAAP financial measures are not standardized; therefore, it may not be possible to compare such financial measures with other companies non-GAAP financial measures having the same or similar names. Will shareholders of both companies receive a regular dividend post-spinoff? Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. It also provides cathodic protection and other energy-related services. MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. None of the information on this page has been provided or approved by MDU Resources. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. $4,900 to the Republican Party. It also distributes cement and asphalt oil. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. 4% of MDU Resources employees are Black or African American. With approximately 98% of WBI Energys EBITDA coming from regulated business, it is focused on growing this business through pipeline expansion projects. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. The company was founded in 1924 and is based in Bismarck, North Dakota. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. 400 N. Fourth St. 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. But opting out of some of these cookies may have an effect on your browsing experience. 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. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. This website uses cookies to improve your experience while you navigate through the website. Jan 2004 - Mar 201511 years 3 months. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. To protect our site, we cannot process your request right now. MDU Resources Group, Inc. is a power company based in Bismarck, ND. 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. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. A strong infrastructure is the heart of our country's economy. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. MDU Resources has 69 locations in the United States. 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. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. You also have the option to opt-out of these cookies. Get notified about new Senior Process Analyst jobs in Brea, CA. This cookie is set by GDPR Cookie Consent plugin. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. The event can be accessed atwww.mdu.com. 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. It also performs integrated contracting services for most types of aggregate-related construction, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings and industrial parks. 02/21/2023. The most common ethnicity at MDU Resources is White (82%). 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 Natural Gas Distribution segment distributes natural gas and offers related value-added services. The separation is expected to be completed in 2023. MDU Resources employees are most likely to be members of the Republican Party. 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. from 8 AM - 9 PM ET. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. MDU Construction Services Group 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. Register for your account and get started with our industry leading people contacts search engine. 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.