BISMARCK, N.D., March 11,
2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:
MDU) is preparing to kick off a yearlong celebration of its
100th anniversary by ringing the closing bell at the New
York Stock Exchange on March 13. MDU
Resources was incorporated on March 14,
1924.
MDU Resources President and CEO Nicole
Kivisto will be joined by members of MDU Resources'
executive management team at the bell ringing to commemorate the
milestone, in conjunction with an analyst and investor day event at
the exchange on March 13. Watch
coverage of the closing bell ringing at www.nyse.com/bell.
"Celebrating 100 years is a remarkable milestone, made possible
by our team of talented employees — past and present — and we're
excited to share our story with analysts, investors, stakeholders
and customers," Kivisto said. "We are proud of what we've
accomplished in our first century and are excited about the next
100 years."
About MDU Resources' 100 years
MDU Resources was
incorporated on March 14, 1924, as a
small utility serving rural communities along the Montana-North
Dakota border. Over the past century, MDU Resources has
grown into a corporation with operations across the United States.
Today, MDU Resources' utility operations serve nearly 1.2
million electric and natural gas customers across eight states. Its
pipeline business has approximately 3,800 miles of regulated
natural gas transmission lines and is home to the largest
underground natural gas storage field in North America.
The company's success includes growing two businesses to be
large enough to be spun off to stand on their own as publicly
traded companies.
MDU Resources' construction materials subsidiary, Knife River
Corporation, was spun off in 2023. MDU Resources' construction
services subsidiary, MDU Construction Services Group, is expected
to be spun off in late 2024.
While MDU Resources branched out into other industries, it has
throughout its history remained committed to its core business of
regulated energy delivery.
"The company has seen a lot of changes over the past 100 years,
but our commitment to safely and reliably serving our customers and
communities has remained constant," Kivisto said.
Analyst and Investor Day
MDU Resources will host an
Analyst and Investor Day at 10 a.m.
EDT March 13 at the NYSE.
During the event, executive management will provide updates on
operational strategy, the corporation's financial outlook, and the
expected tax-free spinoff of MDU Construction Services Group.
Those interested in participating can register to attend the
event in person or via webcast at www.mdu.com/investor-day.
MDU Resources' 100th anniversary celebration will continue
throughout 2024, and additional information can be found at
www.mdu.com/100th-anniversary. Among the celebratory events, the
MDU Resources Foundation, MDU Resources' philanthropic arm, will
donate $10,000 each to 10 charities
nominated by its employees.
Forward-Looking Statements
Information in this
release includes certain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements in this release, including information
about the planned spinoff of MDU Construction Services Group, and
statements by the president and CEO of MDU Resources, are expressed
in good faith and are believed by the company to have a reasonable
basis. Nonetheless, actual results may differ materially from the
projected results expressed in the forward-looking statements. For
a discussion of important factors that could cause actual results
to differ materially, refer to Item 1A — Risk Factors in MDU
Resources' most recent Form 10-K and Form 10-Q and subsequent
filings with the SEC.
About MDU Resources
MDU Resources Group, Inc., a
member of the S&P MidCap 400 index, provides essential products
and services through its regulated energy delivery and construction
services businesses. For more information about MDU Resources,
visit www.mdu.com or contact the Investor Relations Department at
investor@mduresources.com.
Media Contact: Laura Lueder, manager of
communications and public relations, 701-530-1095
Investor Contact: Brent Miller, assistant treasurer,
701-530-1730
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SOURCE MDU Resources Group, Inc.