12 on list of top 600 specialty contractors. 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. [12] Knife River Corporation provides construction materials and contracting services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix concrete in 17 states. MDU Resources is in the electric power natural gas construction industry. Since MDU Resources first aggregate company acquisition in 1992, weve built Knife River into a leading aggregates-based construction materials business. 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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. 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. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Skip to content Skip to main nav. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Necessary cookies are absolutely essential for the website to function properly. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. They ensure a project is completed on time and within budget. Your entire office will be able to use your search subscription. company profile page along with the rest of the general data. MDU Construction Services Group The company is 37.8% female and 18.4% ethnic minorities. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. Supervised and managed all personnel, work activities and . Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 1200 West Century Avenue. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. This website uses cookies to improve your experience while you navigate through the website. 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. Messages will be read and responded to as soon as. It generated $169 million of EBITDA in 2021. It generated $78 million of EBITDA in 2021. Brea, CA. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. I am an MDU Resources shareholder. These cookies will be stored in your browser only with your consent. MDU Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US.See if MDU Resources is hiring near you. This will also involve communication with the various functional areas and assistance in the development of training programs. Annual Report. Amazing things happen when you're having fun and doing something you love. Necessary cookies are absolutely essential for the website to function properly. We also use third-party cookies that help us analyze and understand how you use this website. 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. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Help us make this company more transparent. This site is protected by reCAPTCHA and the Google. Full-Time. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. 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. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. 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. What will happen to my outstanding stock? MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. We provide industry leading services with a focus on safety. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. 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. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. The event can be accessed atwww.mdu.com. Non-GAAP Financial Measures [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. You also have the option to opt-out of these cookies. These cookies will be stored in your browser only with your consent. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. USA. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth These cookies track visitors across websites and collect information to provide customized ads. When is the spinoff expected to be completed? We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. 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. Project Managers are responsible for planning, implementing, and managing projects. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. BISMARCK, N.D., Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. 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. Visit the Career Advice Hub to see tips on interviewing and resume writing. Why isnt there a shareholder vote? Sign in to create your job alert for Senior Process Analyst jobs in Brea, CA. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. 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. 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. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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: All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. See if MDU Resources is hiring near you. What is the strategic rationale for spinning off Knife River? 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 has great employee retention with staff members usually staying with the company for 5.3 years. MDU Resources employees are most likely to be members of the republican party. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. You must click the activation link in order to complete your subscription. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. 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. Knife River generated $293 million of EBITDA in 2021. They ensure a project is completed on time and within budget. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. You can unsubscribe from these emails at any time. Cenergy International Services Employment, Basin Electric Power Cooperative Employment, CrossCountry Freight Solutions Employment, Heavy Equipment Operator MDU Resources Jobs, Apprentice Electrician MDU Resources Jobs. Click the link in the email we sent to to verify your email address and activate your job alert. 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. 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 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. 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. Western National Group. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Knife River has more than 1 billion tons of aggregate reserves, 110 ready-mix plants, 50 asphalt plants and a combined 410,000 tons of liquid asphalt and cement storage. 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? It also distributes cement and asphalt oil. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Early history[ edit] In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. 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