None of the information on this page has been provided or approved by MDU Resources. 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. You also have the option to opt-out of these cookies. 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. The company was founded in 1924 and is based in Bismarck, North Dakota. Looking for Montana-Dakota Utilities? Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Our construction services bring power to communities and neighborhoods across the country. 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. After submitting your request, you will receive an activation email to the requested email address. The national average salary for an MDU Resources employee in the United States is $52,489 per year. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. This cookie is set by GDPR Cookie Consent plugin. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. 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. Selecting the value will change the page content. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. 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. MDU Construction Services Group provides a full spectrum of construction solutions, from underground utilities and excavation to electrical, mechanical and fire suppression systems as well as transmission and distribution line construction. with up to 5 times the number of maximum matches per search vs. non-subscribers. Despite its diversity in other areas, MDU Resources employees are noticeably lacking in political diversity. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Second Quarter 2022 Financial Results 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. 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. I am an MDU Resources shareholder. Search Keywords. Messages will be read and responded to as soon as. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 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. However with being a great place to work comes longevity. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. But opting out of some of these cookies may have an effect on your browsing experience. 4. 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). Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. Bismarck, ND 58506. This website uses cookies to improve your experience while you navigate through the website. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. The staff at MDU Resources come from unusually diverse demographic backgrounds. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. DPSC served a total of 91 towns in west-central North Dakota originally served by the Hughes Electric Company/North Dakota Power & Light Company (NDP&L) and south-central North Dakota/north-central South Dakota originally served by the Northern Power & Light Company (NP&L). Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. -Jenna Lyons. These cookies do not store any personal information. 02/24/2023. mdu resources group. Employees at the parent company, MDU Resources, earn $52,489 whereas employees at Young Brothers Inc Contractors earn $51,612, on average. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. 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. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. 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 Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. MDU Resources generates $5.7B in revenue. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. In 2001, Knife River sold its remaining coal-mining interests. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The most common ethnicity at MDU Resources is White (82%). The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Phone: 800-638-3278. 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. Fax: 701-323-3104. Your entire office will be able to use your search subscription. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. 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. Visit the Career Advice Hub to see tips on interviewing and resume writing. What approvals are required? To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Company Mdu Resources Group Inc. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. This website uses cookies to improve your experience while you navigate through the website. Non-GAAP Financial Measures MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. 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. We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. 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.. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 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.