North Dakota Gov. Doug Burgum extended a special congratulatory message to MDU Resources and its employees in honor of the company’s 100th anniversary. MDU Resources is the oldest publicly traded company headquartered in North Dakota. It has been listed on the New York Stock Exchange under the ticker MDU since 1948.
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.
