This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MDU Resources’ Construction Company Awarded Its Largest Contract In North Dakota

Knife River Corp., a subsidiary of MDU Resources Group Inc. (NYSE: MDU), has received a $51 million North Dakota highway construction contract for a bypass project on Highway 85. This is the largest road construction contract Knife River has been awarded in the state.

“Our growing backlog, along with our strong results this year, leads us to believe the construction industry is seeing signs of a sustained recovery,” said David C. Barney, president and CEO of Knife River. “We believe work in many of our markets is picking up, and we continue to see more private projects being offered for bid. We are well-positioned to take on this additional work.”

“This contract is a testament to Knife River’s capabilities. Crews from our North Dakota operations and our Idaho operations will be working on this project, which makes it another good example of our ability to bring together expertise from various divisions,” said David L. Goodin, president and CEO of MDU Resources. “All of our businesses, including Knife River, continue to see growth in the region surrounding the Bakken oil play.”

Knife River plans to begin work on the Highway 85 bypass contract next week and is expecting this year to complete about 1.5 miles of the approximately eight-mile project. Knife River will start construction again in the spring as weather allows and expects to complete the project in the fall of 2014.

MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services. For more information about MDU Resources, see the company's website at www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.

Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, cement, asphalt, liquid asphalt and other value-added products. It also performs integrated construction services. For more information about Knife River, visit the company’s website at www.kniferiver.com .

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,670.85 -80.54 -0.45%
S&P 500 2,095.44 -13.13 -0.62%
NASDAQ 5,075.84 -35.8930 -0.70%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs