Black Hills Corp. Gas Utility Receives Approval for New Rates in Arkansas
The approved rates use a capitalization structure of 47.5% equity and 52.5% debt.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Black Hills (BKH) received approval for new rates at its Arkansas natural gas utility, effective October 12, 2026.
The Arkansas Public Service Commission approved rates that will generate approximately $17.9 million in new annual revenues. They provide recovery of approximately $147 million in system investments since the utility’s last general rate filing in 2023, along with operational costs required to deliver natural gas service. The approved rates are based on a 9.8% return on equity.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.New rates will generate approximately $17.9 million in new annual revenues.
- Minor pointApproved rates provide recovery of approximately $147 million in system investments since the 2023 general rate filing.
- Minor pointApproved rates provide operational cost recovery for delivering natural gas service.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RAPID CITY, S.D., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its natural gas utility subsidiary in Arkansas received approval from the Arkansas Public Service Commission of new rates. The new rates will provide recovery of approximately
“This approval supports our ability to deliver on our commitment to serve our Arkansas customers with the safe and reliable natural gas service they depend on and support ongoing growth needs in the state,” said Linn Evans, president and CEO of Black Hills Corp. “We are proud of our solid track record of delivering for the needs of our customers, and we remain diligently focused on maintaining dependable natural gas service in Arkansas.”
The new rates will generate approximately
Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.37 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.
Investor Relations
Sal Diaz
605-399-5079
Investorrelations@blackhillscorp.com
24-Hour Media Relations Line
888-242-3969
Caution Regarding Forward-Looking Statements
This news release includes “forward-looking statements” as defined by the Securities and Exchange Commission, or SEC. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements, including anticipated revenues from the new rate increase. These forward-looking statements are based on assumptions which we believe are reasonable based on current expectations and projections about future events and industry conditions and trends affecting our business. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks and uncertainties that, among other things, could cause actual results to differ materially from those contained in the forward-looking statements, the risk factors described in Item 1A of Part I of our 2025 Annual Report on Form 10-K filed with the SEC, and other reports that we file with the SEC from time to time.
New factors that could cause actual results to differ materially from those described in forward-looking statements emerge from time-to-time, and it is not possible for us to predict all such factors, or the extent to which any such factor or combination of factors may cause actual results to differ from those contained in any forward-looking statement. We assume no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do Black Hills’ new Arkansas gas rates take effect, and how much revenue will they generate?
The new Arkansas gas rates are effective October 12, 2026, and will generate approximately $17.9 million in new annual revenues. The Arkansas Public Service Commission approved the rates for Black Hills’ natural gas utility subsidiary.
What return on equity and capitalization structure underpin Black Hills’ approved Arkansas rates?
The approved rates are based on a 9.8% return on equity and capitalization of 47.5% equity and 52.5% debt.