The company was founded in 1924 and is based in Bismarck, North Dakota. The Natural Gas Distribution segment distributes natural gas and offers related value-added services. MDU Resources employees are most likely to be members of the republican party. You must click the activation link in order to complete your subscription. Spinoff of Knife River expected to unlock significant shareholder value. View original content to download multimedia. What is the strategic rationale for spinning off Knife River? Visit the Career Advice Hub to see tips on interviewing and resume writing. mdu resources group inc. mdu resources group. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. Looking for Montana-Dakota Utilities? The distribution systems in these towns passed into MDU ownership by the early 1940s. 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. 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! In just the past four years, it has completed 12 acquisitions and increased revenues 23%. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Amazing things happen when you're having fun and doing something you love. By continuing to use this application, you consent to the use of cookies in accordance with our. But opting out of some of these cookies may affect your browsing experience. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. 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. Our services include natural gas and pipelineplacement, directional drilling, cable and duct plowing, hydroexcavation, and conduit and vault installation. Although MDU Resources believes that its expectations are based on reasonable assumptions, current expectations involve a number of risks and uncertainties. These cookies will be stored in your browser only with your consent. 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. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. 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. Get email updates for new Senior Process Analyst jobs in Brea, CA. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. This category only includes cookies that ensures basic functionalities and security features of the website. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. The event can be accessed atwww.mdu.com. 400 N. Fourth St. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Second Quarter 2022 Financial Results [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. The company anticipates completing the strategic review in the first half of 2023. MDU Resources's mission statement is "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.". While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . This website uses cookies to improve your experience while you navigate through the website. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Messages will be read and responded to as soon as. It also distributes cement and asphalt oil. Loading. 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? [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. About MDU Resources Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. On average, employees at MDU Resources stay with the company for 5.3 years. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. 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. Our most recent assessment determined that a separation of Knife River could unlock significant value. Fax: 701-323-3104. Rebecca works for Mdu Resources Group Inc. Rebecca Dorwart has been with Mdu Resources Group Inc. for 6 months and is in Lower Management, Rebecca's role is Manager: Project Manager, Human Resources Special Projects Manager. if we've collected "Sales Lead Information" for a given company, it will be displayed on the This website uses cookies to improve your experience while you navigate through the website. Distinct investment opportunities: Investors will have two compelling investment opportunities and will be able to better assess the value of the two companies based on their respective operational and financial characteristics. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. When typing in this field, a list of search results will appear and be automatically updated as you type. Details of Separation Transaction We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Annual Report. 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. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. 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. The separation will result in two independent, publicly traded and well . These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Necessary cookies are absolutely essential for the website to function properly. Click Here. COMMERCIAL RESOURCES TAX GROUP, INC. is a California Stock Corporation - Ca - General filed on April 1, 1997. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. if the company chooses to hide the private information on their profile from the general public. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. For more information about MDU Resources, visit the company's website at www.mdu.com. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. The national average salary for an MDU Resources employee in the United States is $52,489 per year. 02/21/2023. But opting out of some of these cookies may have an effect on your browsing experience. For more information about MDU Resources, visit the company's website at www.mdu.com. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Main Telephone (866) 760-4852. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. Below youll find a list of the types of career opportunities you can find at Knife River. Statement of Changes in Beneficial Ownership. 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 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. 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. company profile page along with the rest of the general data. MDU Resources is in the electric power natural gas construction industry. Claiming and updating your company profile on Zippia is free and easy. [6] The damages totaled $17.2 million.
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