Necessary cookies are absolutely essential for the website to function properly. "Our strategic review of our construction services business also is well underway. When is the spinoff expected to be completed? In 2001, Knife River sold its remaining coal-mining interests. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. This is a growing company where the executive leadership really focuses on a work/life balance. 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. It does not store any personal data. The presentation of this additional information is not meant to be considered a substitution for financial measures prepared in accordance with GAAP. What approvals are required? MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 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. 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 Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co 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.". These cookies track visitors across websites and collect information to provide customized ads. We also use third-party cookies that help us analyze and understand how you use this website. 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. Referrals increase your chances of interviewing at Mercury Insurance by 2x. For more information, visitwww.kniferiver.com. The Company's Electric segment generates, transmits, and distributes electricity. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. Analytical cookies are used to understand how visitors interact with the website. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. Click the link in the email we sent to to verify your email address and activate your job alert. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. if the company chooses to hide the private information on their profile from the general public. 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. United States, North Dakota, Bismarck, Utilities, Oil & Energy, Information Technology & Services. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. Selecting the value will change the page content. Necessary cookies are absolutely essential for the website to function properly. This site is protected by reCAPTCHA and the Google. The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023. 7% of MDU Resources employees are Hispanic or Latino. The company's common stock began trading on the New York Stock Exchange under the ticker symbol MDU in 1948. You also have the option to opt-out of these cookies. Knife River generated $293 million of EBITDA in 2021. MDU Resources expects there will be no changes to its historic dividend practices through the completion of the spinoff. Advisors The companies have since partnered on two base-load power plants (Big Stone and Coyote). MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The largest donation made to a political party by an MDU Resources employee was $4,900 to the Republican Party. 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. 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 Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding MDU Resources and the proposed spinoff of Knife River that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1993, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Knife River Corporation is now among the largest sand and gravel producing companies in the U.S. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. MDU Construction Services Group mdu resources group. 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***. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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 two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Posted: January 31, 2023. 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. MDU Resources Group, Inc. All rights reserved. Initially, Minnesota Northern was only in the business of selling electric power, but entered the natural gas business following its discovery of oil in 1936 in the Williston Basin in Eastern Montana. 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.