Black Hills Stock Price, News & Analysis

Black Hills Corp. (NYSE: BKH) has completed its 2025 equity issuance program, raising $219.6 million in net proceeds through the issuance of 3.7 million shares via an at-the-market (ATM) equity offering. The proceeds will fund the company's $1.0 billion capital expenditure program in 2025 and general corporate purposes.

The equity financing will support key growth initiatives, including the Ready Wyoming electric transmission expansion project (scheduled for completion by end-2025) and the Lange II 99 MW dispatchable generation resource in South Dakota (targeted for H2 2026). The company serves 1.35 million natural gas and electric utility customers across eight states.

Black Hills Corp. (NYSE: BKH) has announced the pricing of a $450 million registered public debt offering of senior unsecured notes with a 4.550% interest rate, due January 31, 2031. The offering is expected to close on October 2, 2025.

The utility company plans to use the proceeds primarily to repay or retire its existing $300 million 3.950% notes due January 15, 2026. Any remaining funds will be allocated for general corporate purposes. The company serves 1.35 million natural gas and electric utility customers across eight states.

Black Hills Corp (NYSE:BKH) reported Q2 2025 earnings of $0.38 per share, up from $0.33 in Q2 2024, and reaffirmed its 2025 earnings guidance of $4.00 to $4.20 per share. The company achieved significant milestones including a new all-time peak load of 379 megawatts at Wyoming Electric and received approval for $10.8 million in new annual revenue for Kansas Gas.

Key projects include the $350-million Ready Wyoming transmission project set for completion by year-end 2025 and the $280-million Lange II generation project planned for 2026. The company continues executing its $1 billion capital plan while maintaining solid financial metrics, with expectations to deliver in the upper half of its long-term 4% to 6% growth target.

Black Hills Corp. (NYSE: BKH) has received approval from the Kansas Corporation Commission for new utility rates for its natural gas subsidiary. The approved settlement will generate $10.8 million in new annual revenues and transfer $4.4 million in annual rider revenue to base rates, totaling a $15.2 million annual base rate revenue increase.

The new rates, effective August 1, 2025, will support system investments of approximately $118 million made since 2021. The settlement allows continued use of the Gas System Reliability Surcharge for pipeline replacement and includes approval for a new insurance tracker with deferred accounting treatment. The company serves 120,000 customers in Kansas and can file an abbreviated case later for capital placed in service through December 31, 2025.

Black Hills Corp. (NYSE: BKH) has declared a quarterly dividend of $0.676 per share for its common shareholders. The dividend will be payable on September 2, 2025, to shareholders of record as of August 18, 2025.

Additionally, the company announced it will release its Q2 2025 earnings after market close on July 30, 2025, followed by a live conference call and webcast on July 31, 2025, at 11 a.m. EDT. Black Hills Corp. serves 1.35 million natural gas and electric utility customers across eight states.

Black Hills Corp. (NYSE: BKH) has announced its upcoming second-quarter 2025 earnings release and conference call schedule. The company will release its Q2 2025 financial results after market close on Wednesday, July 30, 2025, followed by a live conference call and webcast on Thursday, July 31, 2025, at 11 a.m. EDT.

The utility company, which serves 1.35 million natural gas and electric utility customers across eight states, will provide dial-in information upon registration through their conference call portal. A webcast replay will be available for up to one year on the company's investor relations website.

Black Hills Corp (NYSE: BKH) has released its 2024 Corporate Sustainability Report, highlighting significant progress in environmental and social initiatives. The company has achieved a 38% reduction in electric utility emissions since 2005 and remains on track for its 40% reduction target by 2030 and 70% by 2040.

Key achievements include the acquisition of a renewable natural gas facility in Iowa, partnerships in coal to hydrogen technology development, and carbon sequestration testing. The company's economic impact reached $1.5 billion in 2024, including $3.8 million in charitable giving. Through energy efficiency programs, Black Hills helped customers achieve energy savings equivalent to powering over 1,500 homes with electricity and 246 homes with natural gas annually.

Black Hills Corp. (NYSE: BKH) has received approval from the Wyoming Public Service Commission for its Lange II Project, a 99 MW dispatchable generation resource in Rapid City, South Dakota. The $280 million project will feature six reciprocating internal combustion engines with dual-fuel capability using natural gas and diesel. The project addresses a capacity deficit from retiring aging units and increases planning reserve margin. Construction will begin in Q3 2025, with service expected to start in H2 2026. The RICE units were chosen as the least-cost solution to enhance system resiliency and quickly respond to customer demand fluctuations. Black Hills Corp. serves 1.35 million utility customers across eight states.

Black Hills Corp (NYSE: BKH) reported Q1 2025 earnings of $1.87 per share, matching Q1 2024. The company reaffirmed its 2025 earnings guidance of $4.00-$4.20 per share with a 4-6% EPS growth outlook. Key highlights include: obtaining rights-of-way for a 260-mile, $350 million transmission expansion in Wyoming; serving new all-time peak load in Wyoming Electric with nearly 10% growth driven by data centers; and seeking $35 million in new annual revenues in Nebraska. Operating income increased to $205.0 million from $193.3 million YoY. The company expects to serve 500 megawatts of data center demand by 2028, doubling earnings contribution to over 10%. New rates became effective in Colorado Electric, providing $17.5 million in annual revenue. Wyoming enacted wildfire mitigation legislation protecting utilities from liability when following approved plans.