The staff at MDU Resources come from unusually diverse demographic backgrounds. The cookies is used to store the user consent for the cookies in the category "Necessary". from 8 AM - 9 PM ET. 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. Our customers are as varied as our experience. It generated $78 million of EBITDA in 2021. 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. We are sorry, but your computer or network may be sending automated queries. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. You must click the activation link in order to complete your subscription. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. 1025 1250 W. Century Ave. Bismarck, ND 58501 These cookies do not store any personal information. Analytical cookies are used to understand how visitors interact with the 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. It is headquartered in Bismarck, North Dakota, and operates in 48 states. $20 Hourly. This website uses cookies to improve your experience while you navigate through the website. ESI, Inc. is headquartered in Cincinnati, Ohio, with locations in Dayton, Cleveland and Columbus. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. When will Knife River shares be distributed? [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. 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. In 1992, it acquired its first aggregates-mining company in central California, and has continued to expand its construction materials business . If you experience any issues with this process, please contact us for further assistance. Will shareholders of both companies receive a regular dividend post-spinoff? Posted: January 31, 2023. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. Our construction services bring power to communities and neighborhoods across the country. This website uses cookies to improve your experience while you navigate through the website. Our Customer Service Center can assist you with many account related requests, including checking balances, making payments, starting or stopping service, and much more. MDU Resources Group, Inc. All rights reserved. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. Company Mdu Resources 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. Advisors MDU Resources is an industry leader with 10,140 employees and an annual revenue of $5.7B that is headquartered in North Dakota. Tailored capital allocation strategies: Each company will have enhanced flexibility to deploy capital to its specific growth opportunities. I am an MDU Resources shareholder. 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 . How long have you been considering this? 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. 02/21/2023. Brea, CA. Knife Rivers dividend policy will be determined in the future in a manner consistent with its stated capital allocation strategies. Selecting the value will change the page content. No assurance can be given regarding the form that a spinoff transaction may take or the specific terms or timing thereof, or that a spinoff will in fact occur. But opting out of some of these cookies may have an effect on your browsing experience. 4. 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. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. The company's filing status is listed as Active and its File Number is 1981716. 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 separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. We expect this distribution to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. MDU Resources generates $5.7B in revenue. The cookie is used to store the user consent for the cookies in the category "Performance". These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. The Registered Agent on file for this company is Linda Beery and is located at 3020 Saturn Street Suite 101, Brea, CA 92821. "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. Bismarck, ND 58503, MDU Construction Services Group 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. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. Rebecca Dorwart's job functions are Human Resources, Operations, Rebecca Dorwart's work email address is ***************@mdu.com, Rebecca Dorwart's LinkedIn profile can be found at, Rebecca Dorwart's work phone number (HQ) is +1 701-530-1***. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Help other job seekers by rating MDU Resources. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. View original content to download multimedia. MDU Resources employees are most likely to be members of the Republican Party. 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. 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. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. MDU Construction Services Group employs more than 7,500 skilled employees across the country. Communities Served North Dakota South Dakota Montana Wyoming Phone: 800-638-3278. Click the link in the email we sent to to verify your email address and activate your job alert. 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. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones.
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