Analytical cookies are used to understand how visitors interact with the website. Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. When will Knife River shares be distributed? MDU Resources Group, Inc. is a U.S.-based corporation supplying essential products and services through its regulated energy delivery and construction materials and services businesses. [9], Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. mdu resources group inc. mdu resources. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Enter the location for your project and choose the product youd like. Get email updates for new Senior Process Analyst jobs in Brea, CA. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Forward-Looking Statements MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. This website uses cookies to improve your experience while you navigate through the website. Amazing things happen when you're having fun and doing something you love. Best Companies to Work For in North Dakota, Best Energy Companies to Work For in North Dakota, Best Companies to Work For in Bismarck, ND, Best Energy Companies to Work For in Bismarck, ND, Working At DTE (Detroit Tool & Engineering), Working At Centennial Energy Resources LLC, MDU Resources Heavy Equipment Operator Jobs, MDU Resources Apprentice Electrician Jobs. 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. The cookie is used to store the user consent for the cookies in the category "Other. The company's principal address . The company anticipates completing the strategic review in the first half of 2023. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Media Contact:Laura Lueder, MDU Resources manager of communications and public relations, 701-530-1095 Claiming and updating your company profile on Zippia is free and easy. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. Fax: 701-323-3104. Here are further demographic highlights of the leadership team: The MDU Resources executive team is 29% female and 71% male. Creates financial and strategic flexibility for each company to focus on core business opportunities. Second Quarter 2022 Financial Results MDU Construction Services Group Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. It generated $78 million of EBITDA in 2021. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. Your entire office will be able to use your search subscription. These cookies do not store any personal information. What will happen to my outstanding stock? 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. The cookie is used to store the user consent for the cookies in the category "Analytics". Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. It is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and also receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free. Financial Contact:Jason Vollmer, MDU Resources vice president and chief financial officer, 701-530-1755. 7% of MDU Resources employees are Hispanic or Latino. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. 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. 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. Careers Featured projects Our customers are as varied as our experience. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Terry Hildestad donated 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! The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. MDU Resources is in the electric power natural gas construction industry. 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. 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? Updates will be provided as the company moves toward completing the spinoff. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. The distribution systems in these towns passed into MDU ownership by the early 1940s. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. 12 on list of top 600 specialty contractors. The company's filing status is listed as Active and its File Number is 1981716. These efforts demonstrate our progress and commitment to move toward our goal of creating two pure-play public companies, with one focused on regulated energy delivery and the other on construction materials.". The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. 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. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. We also use third-party cookies that help us analyze and understand how you use this website. The separation will result in two independent, publicly traded and well . Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. 5 on 2022 EC&M Top 50 Electrical Contractors List, Your specialty contracting services provider. Knife River has a successful track record of growth. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. However with being a great place to work comes longevity. The event can be accessed atwww.mdu.com. Advisors About MDU Resources MDU Resources Group, Inc. is a power company based in Bismarck, ND. Skip to content Skip to main nav. 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 Resources is headquartered in Bismarck, ND and has 69 office locations located throughout the US. Visit the Career Advice Hub to see tips on interviewing and resume writing. You also have the option to opt-out of these cookies. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Have you worked at MDU Resources? 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). We expect this transaction to create significant value for our shareholders and believe it will enable us to achieve attractive shareholder returns at both companies, Goodin said. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". See if MDU Resources is hiring near you. Click Here. Phone: 800-638-3278. 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. For more information about MDU Resources, visit the company's website at www.mdu.com. $20 Hourly. Early history[ edit] Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The companies have since partnered on two base-load power plants (Big Stone and Coyote). MDU Construction Services Group employs more than 7,500 skilled employees across the country. 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. The largest donation made to a political party by an MDU Resources employee was Will shareholders of both companies receive a regular dividend post-spinoff? Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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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.
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