MDU Resources rang the closing bell at the New York Stock Exchange on March 13 to kick off a yearlong celebration of its 100th anniversary.
MDU Resources President and CEO Nicole Kivisto was joined by members of the company’s executive management team at the bell ringing. MDU Resources was incorporated on March 14, 1924.
MDU Resources’ 100th anniversary celebration will continue throughout 2024, and additional information can be found at www.mdu.com/100th-anniversary.
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.
