MDU Resources Group Inc. is a diversified natural resources and infrastructure company based in the United States. The company was founded in 1924 as Montana-Dakota Utilities Co. and has since grown into a conglomerate with operations in various sectors. MDU Resources Group is listed on the New York Stock Exchange (NYSE) under the ticker symbol "MDU" and is a component of the S&P MidCap 400 index.
MDU Resources Group operates in two primary business segments: Electric and Natural Gas Utilities, and Construction Materials and Services. Under the Electric and Natural Gas Utilities segment, the company provides electric and natural gas services to residential, commercial, and industrial customers in the states of Montana, North Dakota, South Dakota, and Wyoming. The Construction Materials and Services segment is involved in construction materials production and distribution, pipeline and energy services, and construction services.
One notable aspect of MDU Resources Group is its long-standing commitment to the communities it serves. The company actively supports local initiatives, community development projects, and charitable organizations through its foundation and employee volunteer programs.
The company's utilities segment plays a vital role in providing reliable energy services to customers, ensuring their energy needs are met efficiently. In the construction materials and services segment, MDU Resources Group is involved in the production and distribution of essential materials like aggregates, concrete, and asphalt, which are used in infrastructure and construction projects.
MDU Resources Group's strategic focus is on growth and value creation. The company continually seeks opportunities for expansion and diversification within its existing businesses while exploring new ventures. This includes investing in infrastructure projects, exploring renewable energy options, and expanding its construction services offerings.