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. 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. Get notified about new Senior Process Analyst jobs in Brea, CA. The companies have since partnered on two base-load power plants (Big Stone and Coyote). SEC Filings. We work underground and overhead in the transmission and distribution industry. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. 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. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. This category only includes cookies that ensures basic functionalities and security features of the website. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. MDU Resources also announced today its second quarter financial results, which can be found on the companys website atwww.mdu.com. MDU Resources Group, Inc. (MDU) Q4 2022 Earnings Call Transcript These cookies ensure basic functionalities and security features of the website, anonymously. The spinoff is expected to be completed during 2023, subject to customary closing conditions, including final approval by MDU Resources Board of Directors, receipt of a tax opinion, the filing and effectiveness of a Form 10 registration statement with the SEC and, if determined advisable, a private letter ruling from the IRS. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Our construction services bring power to communities and neighborhoods across the country. Intermountain is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". 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. ESI, Inc. honored with industry Safety Achievement Award for outstanding injury and illness statistics [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. This website uses cookies to improve your experience while you navigate through the website. 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. Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 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. 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? Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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.". I am an MDU Resources shareholder. Research Summary. The staff at MDU Resources come from unusually diverse demographic backgrounds. This cookie is set by GDPR Cookie Consent plugin. The board and our management team are confident that MDU Resources and Knife River will be best positioned as two focused, independent companies. Leasing Consultant Job in Brea, CA at Western National Group Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. The company's filing status is listed as Active and its File Number is 1981716. This category only includes cookies that ensures basic functionalities and security features of the website. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. You can unsubscribe from these emails at any time. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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.. Annual Report. 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. 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. Cyber Security Intern - Career Center | University of Southern California This cookie is set by GDPR Cookie Consent plugin. MDU Resources Jobs in March, 2023 (Hiring Now!) - Zippia These cookies will be stored in your browser only with your consent. Analytical cookies are used to understand how visitors interact with the website. MDU Resources will discuss todays separation announcement as well as its second quarter results during a webcast at 8:30 a.m. EDT Aug. 4, 2022. They ensure a project is completed on time and within budget. Corporate Employee (Current Employee) - Bismarck, ND - January 17, 2014. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Zippia gives an in-depth look into the details of MDU Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MDU Resources. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. MDU Resources is ranked #7 on the Best Companies to Work For in North Dakota list. 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. 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. 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 companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Jan 2004 - Mar 201511 years 3 months. Select Year: Filter filing type: Date Filing Type Filing Description Download / View. MDU Resources Group, Inc. Careers and Employment, US It is headquartered in Bismarck, North Dakota, and operates in 48 states. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. 02/21/2023. By continuing to use this application, you consent to the use of cookies in accordance with our. 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. MDU Construction Services Group, Inc. | Specialty Construction Services We provide industry leading services with a focus on safety. MDU Resources Announces Plan to Separate Knife River It is mandatory to procure user consent prior to running these cookies on your website. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. About Us - Montana-Dakota Utilities Company But opting out of some of these cookies may affect your browsing experience. Why isnt there a shareholder vote? Employee Directory. MDU Resources Group headquarters and office locations - Craft 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 Dorwart has 6 months experience as Human Resources Special Projects Manager. About MDU Resources [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 1025 1250 W. Century Ave. Bismarck, ND 58501 MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. Knife River has a successful track record of growth. MDU Resources Group - Overview, News & Competitors - ZoomInfo Enter the location for your project and choose the product youd like. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. This cookie is set by GDPR Cookie Consent plugin. At MDU Resources, we promise to treat your data with respect and will not share your information with any third party. We may use cookies and other similar technologies (together "cookies") to offer you a better web browsing experience and analyze usage. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. 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. MDU Resources Group, Inc. is a power company based in Bismarck, ND. 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. You can save your resume and apply to jobs in minutes on LinkedIn, Head of Sales - Clinical Screening Software Solutions & Partnerships, Ban Mu Thi 10 Moo 10, Pathum Thani, Thailand, Audio QA Checker (Suouth Levantine Arabic Speakers) in Palestine, Voice of Customer and Offering Excellence Lead , CrossLab Services Center of Excellence, Manager, Transition Management Onboarding, See who Mercury Insurance has hired for this role, Assist in process documentation/workflows and apply knowledge to analyze business and system procedures/workflow/data and recommend how they can be improved or automated, Assist in debugging production issues and performing User Acceptance Testing for Product/Rate Level changes across different platforms, Assist with implementation, training, and monitoring of product rollout, Work with cross-functional teams as the representative of the Product group. by Terry Hildestad. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. Statement of Changes in Beneficial Ownership. The separation is expected to have a number of benefits for MDU Resources and Knife River stakeholders, including: MDU Resources: Regulated Utility and Infrastructure Business Focused on Building a Strong America Project Managers are responsible for planning, implementing, and managing projects. If you experience any issues with this process, please contact us for further assistance. Location United States, North Dakota, Bismarck Last Update 2021-06-04 Remove my profile . The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. You also have the option to opt-out of these cookies. This is a growing company where the executive leadership really focuses on a work/life balance. We are a nationwide provider of power line and telecommunication wire stringing equipment and related tools. [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. By continuing to use this application, you consent to the use of cookies in accordance with our. How did this transaction come about? Zippia gives an in-depth look into the details of MDU Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MDU Resources. The MDU Resources board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. MDU Resources Group, Inc. | LinkedIn 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. Out of these, 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. Updates will be provided as the company moves toward completing the spinoff. MDU Construction Services Group has resources across the country to get any job done. The company anticipates completing the strategic review in the first half of 2023. 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.). The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. 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. Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth
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