MDU Resources Group Management
Management criteria checks 2/4
MDU Resources Group's CEO is Nicole Kivisto, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $2.48M, comprised of 22.2% salary and 77.8% bonuses, including company stock and options. directly owns 0.059% of the company’s shares, worth $2.18M. The average tenure of the management team and the board of directors is 7.1 years and 0.9 years respectively.
Key information
Nicole Kivisto
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 22.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.06% |
| Management average tenure | 7.1yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
Earnings Working Against MDU Resources Group, Inc.'s (NYSE:MDU) Share Price Following 44% Dive
Nov 02
MDU Resources: A Hidden Gem Powering Strong Returns And Growth
Oct 19MDU Resources Group, Inc.'s (NYSE:MDU) Intrinsic Value Is Potentially 36% Above Its Share Price
Sep 19MDU Resources Group's (NYSE:MDU) Upcoming Dividend Will Be Larger Than Last Year's
Sep 04MDU Resources Group (NYSE:MDU) Has Announced That It Will Be Increasing Its Dividend To $0.13
Aug 19MDU Resources Group's (NYSE:MDU) Solid Earnings May Rest On Weak Foundations
Aug 16MDU Resources Group, Inc.'s (NYSE:MDU) Low P/E No Reason For Excitement
Jul 16Is MDU Resources Group (NYSE:MDU) A Risky Investment?
Jun 13MDU Resources Group, Inc.'s (NYSE:MDU) Earnings Are Not Doing Enough For Some Investors
Mar 31MDU Resources Group: Spinoff Could Lead To Positive Margin Improvements
Jan 11MDU Resources Group, Inc.'s (NYSE:MDU) Prospects Need A Boost To Lift Shares
Dec 25MDU Resources Group (NYSE:MDU) Takes On Some Risk With Its Use Of Debt
Dec 02MDU Resources Group's (NYSE:MDU) Earnings Are Of Questionable Quality
Nov 10MDU Resources Group Stock Is A Hold Pending The Second Separation
Oct 14MDU Resources Group (NYSE:MDU) Has A Somewhat Strained Balance Sheet
Sep 01MDU Resources: A Dividend Aristocrat With Upside Potential
Jul 21MDU Resources Group, Inc. (NYSE:MDU) Analysts Just Slashed This Year's Estimates
Jun 02MDU Resources Group (NYSE:MDU) Has Affirmed Its Dividend Of $0.2225
May 21MDU Resources Group (NYSE:MDU) Will Pay A Dividend Of $0.2225
May 07MDU Resources Group (NYSE:MDU) Has More To Do To Multiply In Value Going Forward
Apr 04MDU Resources declares $0.2225 dividend
Feb 16MDU Resources Q4 2022 Earnings Preview
Feb 08These 4 Measures Indicate That MDU Resources Group (NYSE:MDU) Is Using Debt Extensively
Feb 08MDU Resources Group (NYSE:MDU) Has Some Way To Go To Become A Multi-Bagger
Jan 03MDU Resources Group (NYSE:MDU) Is Paying Out A Larger Dividend Than Last Year
Nov 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$394m |
| Jun 30 2024 | n/a | n/a | US$410m |
| Mar 31 2024 | n/a | n/a | US$497m |
| Dec 31 2023 | US$2m | US$550k | US$480m |
| Sep 30 2023 | n/a | n/a | US$414m |
| Jun 30 2023 | n/a | n/a | US$378m |
| Mar 31 2023 | n/a | n/a | US$266m |
| Dec 31 2022 | US$2m | US$530k | US$251m |
| Sep 30 2022 | n/a | n/a | US$233m |
| Jun 30 2022 | n/a | n/a | US$330m |
| Mar 31 2022 | n/a | n/a | US$394m |
| Dec 31 2021 | US$2m | US$508k | US$243m |
| Sep 30 2021 | n/a | n/a | US$403m |
| Jun 30 2021 | n/a | n/a | US$417m |
| Mar 31 2021 | n/a | n/a | US$417m |
| Dec 31 2020 | US$2m | US$487k | US$391m |
| Sep 30 2020 | n/a | n/a | US$373m |
| Jun 30 2020 | n/a | n/a | US$356m |
| Mar 31 2020 | n/a | n/a | US$320m |
| Dec 31 2019 | US$2m | US$455k | US$335m |
| Sep 30 2019 | n/a | n/a | US$316m |
| Jun 30 2019 | n/a | n/a | US$288m |
| Mar 31 2019 | n/a | n/a | US$269m |
| Dec 31 2018 | US$1m | US$430k | US$269m |
| Sep 30 2018 | n/a | n/a | US$309m |
| Jun 30 2018 | n/a | n/a | US$291m |
| Mar 31 2018 | n/a | n/a | US$291m |
| Dec 31 2017 | US$1m | US$378k | US$284m |
Compensation vs Market: Nicole's total compensation ($USD2.48M) is below average for companies of similar size in the US market ($USD6.65M).
Compensation vs Earnings: Nicole's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Nicole Kivisto (51 yo)
less than a year
Tenure
US$2,479,280
Compensation
Ms. Nicole A. Kivisto serves as President, Chief Executive Officer and Director at MDU Resources Group, Inc. since January 6, 2024. She served as President and Chief Executive Officer of Montana-Dakota Uti...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.48m | 0.059% $ 2.2m | |
| VP, CFO & Treasurer | 10.1yrs | US$2.46m | 0.040% $ 1.5m | |
| VP & Chief Human Resources Officer | 8.9yrs | US$1.25m | 0.022% $ 818.5k | |
| Executive Vice President of Everus Construction | no data | US$886.64k | no data | |
| President & CEO of Everus Construction Group | 12.9yrs | US$2.27m | 0.068% $ 2.5m | |
| Vice President of Accounting & Enterprise information Technology - Everus Construction | 6.9yrs | US$611.19k | no data | |
| VP, Chief Accounting Officer & Controller | 7.3yrs | no data | no data | |
| VP & Chief Information Officer | 8.9yrs | no data | 0.030% $ 1.1m | |
| Chief Legal Officer & Corporate Secretary | less than a year | no data | no data | |
| Manager of Communications & Public Affairs | no data | no data | no data | |
| Chief Utilities Officer of Cascade Natural Gas Corp. | less than a year | no data | 0.019% $ 709.3k | |
| President of WBI Energy | 1.5yrs | no data | 0.031% $ 1.1m |
7.1yrs
Average Tenure
54yo
Average Age
Experienced Management: MDU's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.48m | 0.059% $ 2.2m | |
| Independent Director | 1.1yrs | US$43.34k | 0.0047% $ 172.3k | |
| Independent Chairman of the Board | 23.9yrs | US$415.10k | 0.074% $ 2.7m | |
| Director | less than a year | no data | 0.0013% $ 47.2k | |
| Director | less than a year | no data | 0.0017% $ 61.6k | |
| Independent Director | less than a year | no data | 0.0027% $ 98.5k | |
| Independent Director | 5.6yrs | US$262.10k | 0.017% $ 609.7k |
0.9yrs
Average Tenure
61yo
Average Age
Experienced Board: MDU's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MDU Resources Group, Inc. is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Hovis | Argus Research Company |
| David Parker | Baird |
| Richard Gross | Barclays |