Black Hills Stock Price, News & Analysis

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.

Black Hills Corp. (NYSE: BKH) has filed a rate review application with the Nebraska Public Service Commission, seeking $34.9 million in new annual revenue to cover infrastructure and operational costs. The utility company has invested over $453 million in natural gas infrastructure since its last rate filing in 2020, serving more than 304,000 Nebraska customers across 300 communities. The application includes rolling in $18.5 million of rider revenue, bringing the total annual base rate revenue increase to $53.4 million. The company's request is based on a capital structure of 50.52% equity and 49.48% debt, with a 10.50% return on equity. Black Hills Corp. aims to implement interim rates by August 1, 2025, with new rates expected in Q1 2026. Additionally, the company seeks to renew its System Safety and Integrity Rider (SSIR) to support accelerated pipeline replacement initiatives.

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.