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. 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. These cookies will be stored in your browser only with your consent. Our construction services bring power to communities and neighborhoods across the country. We are always looking at our business mix for opportunities to enhance shareholder value. We provide industry leading services with a focus on safety. from 8 AM - 9 PM ET. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. 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. 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. Bismarck, ND 58506. MDU Resources had announced on Aug. 4 its intent to separate Knife River as an independent, publicly traded company. Analytical cookies are used to understand how visitors interact with the website. It also distributes cement and asphalt oil. Cascade is a subsidiary of MDU Resources Group, Inc., a multidimensional natural resources enterprise traded on the New York Stock Exchange as "MDU.". It generated $78 million of EBITDA in 2021. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. In addition, 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. Mercury Insurance hiring Sr Process Analyst in Brea, California, United We also use third-party cookies that help us analyze and understand how you use this website. You also have the option to opt-out of these cookies. 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. After extensive research and analysis, Zippia's data science team found that: 38% of MDU Resources employees are women, while 62% are men. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. MDU Resources Group, Inc. website Headquartered in Bismarck, ND, MDU Resources Group, Inc. is celebrating our 90th year of Building a Strong America with value-added natural resources products and related services that are essential to energy and transportation infrastructure. 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. 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. Knife River Separation - MDU Resources Group Inc. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Supervised and managed all personnel, work activities and . 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 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. J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. The company's filing status is listed as Active and its File Number is 1981716. Our estimates are verified against BLS, Census, and current job openings data for accuracy. $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. 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. When is the spinoff expected to be completed? Knife River: Leading Vertically Integrated Aggregates Producer and Provider of Construction Materials and Contracting Services Focused on Organic and M&A Growth Mahmoud Siddig, Joele Frank, Wilkinson Brimmer Katcher, 212-355-4449 Average MDU Resources Group Salary: By Location, Job Title - Zippia MDU Resources Group headquarters and office locations - Craft Bismarck, ND 58503, MDU Construction Services Group 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. "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. Dennis W. Johnson, chair of MDU Resources board, said, The board regularly assesses MDU Resources business, operations and value creation opportunities. Who We Are - MDU Construction Services Group, Inc. MDU Resources Group,Inc., founded in 1924, utilizes natural gas and coal mines. Knife River has a successful track record of growth. Careers - MDU Resources Group Inc. Referrals increase your chances of interviewing at Mercury Insurance by 2x. 02/21/2023. The staff at MDU Resources come from unusually diverse demographic backgrounds. Copyright 2022 MDU Resources Group, Inc.. All rights reserved. SEC Filings. Executive Summary. Enter the location for your project and choose the product youd like. 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. 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. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. 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. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. MDU Resources competitors include The Williams Companies, SandRidge Energy, Energy Transfer Solutions, Peabody Energy, Cenergy International Services, Kinder Morgan, Exelon, Portland General Electric, South Jersey Industries, Salt River Project, Octagon 88 Resources, DTE (Detroit Tool & Engineering), Green Mountain Power. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. Second Quarter 2022 Financial Results You also have the option to opt-out of these cookies. MDU Resources and Knife Rivers proven management teams will be able to more directly focus resources and capital to achieve their respective strategic goals, Goodin said. MDU Resources generates $5.7B in revenue. 10-K. Knife River generated $293 million of EBITDA in 2021. This is a growing company where the executive leadership really focuses on a work/life balance.