Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Full-Time. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. See if MDU Resources is hiring near you. View original content to download multimedia. Following the planned separation, MDU Resources will remain headquartered in Bismarck, North Dakota, and continue to be the parent company for MDU Resources existing regulated electric and natural gas utilities (Cascade Natural Gas Corp., Intermountain Gas Co., Montana-Dakota Utilities Co.), natural gas pipeline business (WBI Energy, Inc.) and construction services company (MDU Construction Services Group, Inc.). 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. 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. Primary Address. 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 estimates are verified against BLS, Census, and current job openings data for accuracy. Annual Report. Skip to content Skip to main nav. 4. In addition, all pages on Bizapedia will be These cookies will be stored in your browser only with your consent. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. 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. The company anticipates completing the strategic review in the first half of 2023. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. This is a growing company where the executive leadership really focuses on a work/life balance. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. Bismarck, ND 58506. Have you worked at MDU Resources? But opting out of some of these cookies may have an effect on your browsing experience. Referrals increase your chances of interviewing at Mercury Insurance by 2x. Terry Hildestad donated 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. Will shareholders of both companies receive a regular dividend post-spinoff? 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. -Jenna Lyons. Knife River Separation - MDU Resources Group Inc. It is headquartered in Bismarck, North Dakota, and operates in 48 states. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. On average, employees at MDU Resources stay with the company for 5.3 years. Messages will be read and responded to as soon as. 10-K. Who We Are - MDU Construction Services Group, Inc. WBI Energy provides natural gas transportation and underground storage services through regulated pipeline systems primarily in the Rocky Mountain and northern Great Plains regions of the U.S. and provides non-regulated cathodic protection and other energy-related services. MDU Resources Group, Inc. is a power company based in Bismarck, ND. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Jan 2004 - Mar 201511 years 3 months. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. The Construction Services segment designs, constructs, and maintains overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines; electrical and communication wiring and infrastructure, and fire suppression systems; and renewable energy projects. Tim W. Harrington - Head of IT - Bestop, Inc. | LinkedIn 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. mdu resources group inc. mdu resources. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Necessary cookies are absolutely essential for the website to function properly. These cookies do not store any personal information. 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.. 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. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. The company's filing status is listed as Active and its File Number is 1981716. The staff at MDU Resources come from unusually diverse demographic backgrounds. 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. A strong infrastructure is the heart of our country's economy. mdu resources group. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. 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. 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. MDU Resources may also be known as or be related to MDU Resources, MDU Resources Group, MDU Resources Group Inc and MDU Resources Group, Inc. MDU Resources headquarters is in Bismarck, ND. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Help other job seekers by rating MDU Resources. You also have the option to opt-out of these cookies. MDU Resources Group Company Profile - Office Locations - Craft Your entire office will be able to use your search subscription. 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. Cascade Natural Gas Corporation Headquarters is located at 8113 West Grandridge Boulevard, Kennewick . For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. MDU Resources Leadership: Executives and Demographics - Zippia Throughout this news release, MDU Resources presents financial information prepared in accordance with GAAP, as well as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which is considered a non-GAAP financial measure. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Working at MDU Resources Group, Inc.: 8 Reviews Review this company Job Title All Location United States8 reviews Ratings by category 3.4 Work-Life Balance 3.9 Pay & Benefits 3.3 Job Security & Advancement 3.4 Management 3.6 Culture Search reviews Sort by Helpfulness Rating Date Showing all 8 reviews 4.0 Job Work/Life Balance Compensation/Benefits Main Telephone (866) 760-4852. MDU Resources has great employee retention with staff members usually staying with the company for 5.3 years. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. MDU Resources Expects Second Quarter Spinoff of Knife River Corp Posted: January 31, 2023. MDU Construction Services Group is comprised of 16 local operating companies employing more than 8,500 skilled workers during peak season and has been ranked the fourth largest U.S. electrical contractor. The most common ethnicity at MDU Resources is White (82%). 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 These cookies will be stored in your browser only with your consent. These cookies will be stored in your browser only with your consent. About Us - Intermountain Gas Company The following table provides a reconciliation of consolidated GAAP net income to EBITDA for 2021. MDU Resources expects approximately 70% of its pro forma EBITDA to be generated from its regulated businesses, providing low-risk, stable returns to shareholders. 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! Click the link in the email we sent to to verify your email address and activate your job alert. 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..