Pipeline Growth WBI Energy is advancing a major natural gas pipeline program in North Dakota with state funding commitments and multi-hundred-million investments; expansion includes roughly 60 miles of new pipeline and ancillary facilities. This creates demand for EPC contractors, equipment suppliers, piping fabrication, telemetry and safety systems, and project finance partners. Opportunity to coordinate with MDU Resources affiliates for integrated delivery.

Integrated Advantage As a vertically integrated unit of MDU Resources, WBI Energy can be a conduit for end-to-end solutions across pipeline construction, energy services, and production operations, enabling bundled procurement, maintenance, and long-term service contracts.

Local Funding Momentum ND-based growth with regulatory support signals strong regional demand for infrastructure services; potential for local vendors in construction, equipment rental, engineering, environmental permitting, and workforce development tied to Wahpeton and Bismarck projects.

Leadership Signals Leadership changes in 2023 and continued expansions through 2026 indicate a proactive growth strategy that may favor strategic partnerships, performance-based engagements, and long-term alliance opportunities with suppliers and service providers.

Financial Backbone Revenue scale in the mid-market range and sizable capital expenditure capacity position WBI Energy as a candidate for high-value, multi-year contracts, including equipment, services, financing arrangements, and risk-sharing partnerships across the pipeline lifecycle.