Black Hills Stock Price, News & Analysis

Black Hills Corp. (NYSE: BKH) has declared a quarterly dividend of $0.676 per share for common shareholders of record as of May 16, 2025, with payment scheduled for June 1, 2025. The company will release its 2025 first quarter earnings after market close on May 7, 2025, followed by a live conference call and webcast on May 8, 2025, at 11 a.m. EDT.

Black Hills Corp. operates as a customer-focused utility company serving 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

Black Hills Corp. (NYSE: BKH) has announced it will release its 2025 first-quarter earnings report after market close on Wednesday, May 7, 2025. The company will host a live conference call and webcast the following day, Thursday, May 8, 2025, at 11 a.m. EDT to discuss the financial results.

The utility company serves 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Interested participants can join the Q&A session through the company's conference registration system, while a listen-only webcast with presentation slides will also be available. A replay of the broadcast will be accessible for up to one year through the company's investor relations website.

Black Hills Corp. (NYSE: BKH) has received approval from the Colorado Public Utilities Commission for new electric utility rates in Colorado. The approved rates will enable recovery of approximately $370 million in system investments made since 2016 and cover inflationary impacts on customer service costs.

The new rates, effective March 22, 2025, will generate approximately $17.0 million in new annual revenues. The approval is based on a weighted average cost of capital of 6.90%, with a capital structure ranging from 47-49% equity and 51-53% debt, and a return on equity between 9.3-9.5%. The company has until April 7, 2025, to file for rehearing, reargument, or reconsideration with the commission.

Black Hills Corp. (NYSE: BKH) has announced its upcoming investor engagement schedule for March 2025, featuring participation in four major industry conferences. The company will attend the Morgan Stanley Energy and Power Conference (March 3), Jefferies Power, Utilities and Clean Energy Conference (March 4), Siebert Williams Shank West Coast Utilities Conference (March 20), and Scotiabank Utilities and Renewables Conference (March 25).

Black Hills Corp., headquartered in Rapid City, South Dakota, serves 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Supporting materials for these investor meetings will be made available on the company's website prior to each conference.

Black Hills Corp. (NYSE: BKH) reported its 2024 financial results with earnings per share of $3.91, representing 4.3% growth from 2023's midpoint guidance. The company announced a 10% increase in its five-year capital forecast to $4.7 billion for 2025-2029.

Key highlights include a 4% increase in quarterly dividend, marking 55 consecutive years of dividend increases, and the initiation of 2025 earnings guidance at $4.00 to $4.20 per share. The company's data center load is projected to exceed one gigawatt from existing customers, with approximately 500 megawatts expected to be served by 2029.

Operating income for 2024 was $503.1 million, up from $472.7 million in 2023. Net income available for common stock reached $273.1 million in 2024, compared to $262.2 million in 2023. The company completed several regulatory initiatives, including rate review settlements in Arkansas and Iowa, while maintaining solid investment-grade credit ratings.

Black Hills Corp. (NYSE: BKH) has filed a rate review application with the Kansas Commission for its natural gas utility operations. The company is seeking to recover costs for infrastructure investments and operations serving 120,000 Kansas customers. Since 2021, Black Hills Energy has invested $118 million in safety, reliability, and system integrity across 4,765 miles of natural gas pipeline infrastructure in Kansas.

The application requests $17.2 million per year in additional revenue and approximately $4.4 million of rider revenue integration into base rates, totaling a $21.6 million annual base rate revenue increase. The request is based on a capital structure of 50.44% equity and 49.56% debt, with a 10.50% return on equity. The company aims to implement new rates in the second half of 2025.

Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase of $0.026 per share, bringing the new dividend to $0.676 per share. The dividend will be payable on March 1, 2025, to shareholders of record as of February 18, 2025.

This increase marks the company's 55th consecutive year of annual dividend increases, representing the second-longest track record in the electric and natural gas utility industry. Black Hills has maintained an unbroken streak of 83 consecutive years of annual dividend payments since February 1942.

The company currently serves 1.34 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

Black Hills Corp. (NYSE: BKH) has successfully energized the first 12-mile segment and supporting substations of its Ready Wyoming transmission expansion project near Cheyenne. The complete 260-mile project, scheduled to be fully operational by end of 2025, will connect the company's Wyoming and South Dakota electric systems.

The project, which received Wyoming Public Service Commission approval in 2022, includes six new, replacement, or expanded substations and will interface with electricity markets to the east and west. It aims to reduce dependence on third-party transmission systems, stabilize long-term costs for customers, and support growing energy needs, particularly for data centers.

Ready Wyoming, the largest electric transmission project in Black Hills' history, spans five counties and approximately 300 landowners. The investment will be recovered through the company's transmission rider and is expected to contribute more than $100 million of economic benefit to the Wyoming economy.

Black Hills Corp. (NYSE: BKH) has announced it will release its 2024 fourth-quarter and full-year earnings after market close on Wednesday, February 5, 2025. The company will host a live conference call and webcast at 11 a.m. EST on Thursday, February 6, 2025, to discuss the financial results.

Investors can access the webcast through the company's website under the Investor Relations section or participate in the live broadcast via phone by registering at the provided link. A replay of the broadcast will be available for up to one year. Black Hills Corp. serves 1.34 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.