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 1.08 years. total yearly compensation is $2.48M, comprised of 22.2% salary and 77.8% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $5.73M. The average tenure of the management team and the board of directors is 4.4 years and 1.1 years respectively.
Key information
Nicole Kivisto
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 22.2% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.4yrs |
| Board average tenure | 1.1yrs |
Recent management updates
Recent updates
MDU Resources Group (NYSE:MDU) Is Due To Pay A Dividend Of $0.13
Feb 17
MDU Resources: Power-Packed Opportunity For Income And Growth Investors
Jan 28Earnings Working Against MDU Resources Group, Inc.'s (NYSE:MDU) Share Price Following 44% Dive
Nov 02MDU 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 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$181m |
| 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$269m |
Compensation vs Market: Nicole's total compensation ($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)
1.1yrs
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 | 1.1yrs | US$2.48m | 0.17% $ 5.7m | |
| Chief Financial Officer | 7.4yrs | US$2.46m | 0.12% $ 3.9m | |
| Chief Human Resources | 9.1yrs | US$1.25m | 0.049% $ 1.7m | |
| Executive Vice President of Everus Construction | no data | US$886.64k | no data | |
| President & CEO of Everus Construction Group | 13.1yrs | US$2.27m | 0.068% $ 2.3m | |
| Vice President of Accounting & Enterprise information Technology - Everus Construction | 7.1yrs | US$611.19k | no data | |
| Chief Accounting & Regulatory Affairs Officer | 7.4yrs | no data | no data | |
| Chief Information Officer | less than a year | no data | 0.0046% $ 154.9k | |
| Chief Legal Officer & Corporate Secretary | less than a year | no data | no data | |
| Chief Utilities Officer | 1.1yrs | no data | 0.041% $ 1.4m | |
| President of WBI Energy | 1.7yrs | no data | 0.048% $ 1.6m |
4.4yrs
Average Tenure
51yo
Average Age
Experienced Management: MDU's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.1yrs | US$2.48m | 0.17% $ 5.7m | |
| Independent Vice Chair | 1.3yrs | US$43.34k | 0.0047% $ 159.0k | |
| Independent Chairman of the Board | 24.1yrs | US$415.10k | 0.088% $ 3.0m | |
| Director | less than a year | no data | 0.0013% $ 43.6k | |
| Director | less than a year | no data | 0.0017% $ 56.8k | |
| Independent Director | less than a year | no data | 0.0027% $ 90.9k | |
| Independent Director | 5.8yrs | US$262.10k | 0.017% $ 562.4k |
1.1yrs
Average Tenure
61yo
Average Age
Experienced Board: MDU's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 19:23 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| 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.
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 Github.
Analyst Sources
MDU Resources Group, Inc. is covered by 16 analysts. 3 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 |