We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. The company was founded in 1924 and is based in Bismarck, North Dakota. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. How long have you been considering this? When will Knife River shares be distributed? Research Summary. 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. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. Knife River generated $293 million of EBITDA in 2021. Support Product Field and Product Research & Development on Rule and Underwriting Guideline analysis and recommendations for both current features and offerings, and those that will be developed in the future. Creates financial and strategic flexibility for each company to focus on core business opportunities. Post-separation, MDU Resources intends to maintain a dividend policy consistent with its historic practice. Jan 2004 - Mar 201511 years 3 months. Working At MDU Resources: Employee Reviews and Culture To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. 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. 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.". Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. 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. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. When is the spinoff expected to be completed? Founded in 1966, ESI, Inc. is part of the MDU Resources family of companies. Full-Time. Terry Hildestad donated The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. [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. [8] Ten lawsuits were filed against Loy Clark in November 2018 and two of which were by insurers who had paid out claims. 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.. [2] It is headquartered in Bismarck, North Dakota, and operates in 48 states. When typing in this field, a list of search results will appear and be automatically updated as you type. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. The company's principal address . Conference Call MDU Resources generates $5.7B in revenue. This cookie is set by GDPR Cookie Consent plugin. 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. Selecting the value will change the page content. If you experience any issues with this process, please contact us for further assistance. It generated $78 million of EBITDA in 2021. MDU Resources is a Fortune 1000 company with operations, customers and employees across the country. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Early history[ edit] 4. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. It also distributes cement and asphalt oil. MDU Resources Group, Inc. Corporate Profile - Winmo 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. It generated $169 million of EBITDA in 2021. Will shareholders of both companies receive a regular dividend post-spinoff? 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. MDU Resources has 69 locations in the United States. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. On Nov. 3, MDU Resources announced it was undertaking a strategic review of its construction services business, MDU Construction Services Group, Inc. MDU Resources to discuss separation and second quarter 2022 financial results at 8:30 a.m. EDT today. 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 Help other job seekers by rating MDU Resources. We also use third-party cookies that help us analyze and understand how you use this website. Employee Directory. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. These cookies track visitors across websites and collect information to provide customized ads. 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. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Updates will be provided as the company moves toward completing the spinoff. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. None of the information on this page has been provided or approved by MDU Resources. Brea, CA. You also have the option to opt-out of these cookies. Click the link in the email we sent to to verify your email address and activate your job alert. 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. 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. These cookies will be stored in your browser only with your consent. By the 1960s it was decided that the company's headquarters should be located within its service territory, in Bismarck, the largest town on the system, and the relocation was completed in 1968. MDU Resources Office Locations and Headquarters: Bismarck, ND About Us - Montana-Dakota Utilities Company 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 . 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. MDU Resources Group engages in the regulated energy delivery, construction materials and services businesses. MDU Resources Reports Third Quarter Earnings; Knife River Has Record Quarterly Revenue. 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. Loading. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%.