MDU Resources Announces Plan to Separate Knife River, Creating Two Focused, Independent Publicly Traded Companies

Spinoff of Knife River expected to unlock significant shareholder value. Creates financial and strategic flexibility for each company to focus on core business opportunities. Establishes Knife River as a stand-alone, aggregates-based, vertically integrated construction materials and contracting provider. Enhances MDU Resources’ strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. MDU Resources to discuss separation and second quarter 2022 financial…