Welcome to our dedicated page for Black Hills news (Ticker: BKH), a resource for investors and traders seeking the latest updates and insights on Black Hills stock.
Black Hills Corporation (NYSE: BKH) is a regulated electric and natural gas utility based in Rapid City, South Dakota, serving approximately 1.35 million utility customers across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The news surrounding BKH often centers on its earnings releases, regulatory developments, capital projects and corporate transactions.
Investors following BKH news can expect regular updates on quarterly and full-year financial results, including discussions of segment performance in the Electric Utilities and Gas Utilities businesses, non-GAAP adjusted earnings and the impact of new customer rates and rider recovery. The company frequently announces dividend declarations, reflecting its long history of paying and increasing dividends on common stock.
Black Hills’ news flow also highlights major infrastructure and growth projects. Recent announcements have covered the completion and energization of the 260-mile Ready Wyoming electric transmission expansion project, construction progress on the 99-megawatt Lange II gas-fired generation facility in South Dakota, and steps to advance a Clean Energy Plan in Colorado involving battery storage and solar resources. Updates on gas utility rate reviews and settlements in states such as Nebraska, Kansas and Arkansas provide insight into how the company recovers investments in system safety, reliability and integrity.
A key theme in recent BKH coverage is the planned all-stock merger with NorthWestern Energy Group, Inc., detailed in multiple Form 8-K filings and joint press releases. News items describe the merger agreement, regulatory and shareholder approval processes and illustrative pro forma financial information. Additional corporate news includes equity issuances, public debt offerings and the establishment of an Emergency Public Safety Power Shutoff program to address wildfire risk. For investors and observers, the BKH news page offers a consolidated view of these financial, regulatory and operational developments over time.
Black Hills Corp. (NYSE: BKH) announced its '2030 Ready Plan' aiming for a 90% reduction in greenhouse gas emissions by 2030, based on 2005 levels. The plan aligns with Colorado's '80 x 30' mandate, proposing 450 megawatts of new renewable energy and battery storage. Key components include 149 MW of wind and 258 MW of solar generation. The Colorado Public Utilities Commission will review the plan, with decisions expected by April 2023, after which a competitive solicitation for resources will occur.
Black Hills Corp. (NYSE: BKH) has announced its participation in the American Gas Association Financial Forum on May 17-18, 2022. During this event, the company's senior leadership team will discuss key topics including strategic initiatives, guidance, and long-term growth targets. The materials presented at these meetings will be accessible on the Black Hills website under the 'Investor Relations' section. Black Hills operates as a utility provider in eight states, serving 1.3 million customers in the natural gas and electric sectors.
Black Hills Corp. (BKH) reported a strong first quarter of 2022 with net income of $117.5 million, up 22% from $96.3 million in 2021, translating to earnings per share (EPS) of $1.82, an 18% increase. Excluding prior year impacts from Winter Storm Uri, EPS rose 8%. Key growth drivers included new rates, customer growth, and increased energy sales. The company reaffirmed its 2022 EPS guidance of $3.95 to $4.15, citing favorable operational performance and effective regulatory execution. However, it faces challenges from supply chain issues and inflation.
Black Hills Corp (NYSE: BKH) announced a quarterly dividend of $0.595 per share, declared on April 25, 2022. Shareholders on record as of May 18, 2022, will receive payment on June 1, 2022. The company will release its Q1 2022 earnings after market close on May 4, 2022, and a conference call will be held on May 5, 2022, at 11 a.m. EDT to discuss the results. Black Hills Corp serves 1.3 million customers across eight states, focusing on being a resilient energy partner.
Black Hills Corp. (NYSE: BKH) will hold its Annual Meeting of Shareholders on April 26, 2022, at 9:30 a.m. MDT in Rapid City, South Dakota. Shareholders can attend in person or join virtually via webcast or phone. Voting via the webcast is not permitted, so shareholders are encouraged to return their proxy cards to ensure their votes are counted. The meeting will be archived for future access on the company's website. Black Hills Corp. serves 1.3 million utility customers across eight states, emphasizing customer focus and growth.
Black Hills Corp. (NYSE: BKH) will report its 2022 first quarter earnings on May 4, 2022, following market close. A conference call will be held on May 5, 2022, at 11 a.m. EDT to discuss the financial results. The company, based in Rapid City, South Dakota, services 1.3 million utility customers across eight states. Interested parties can access the live webcast on the company’s investor relations page. A replay will be available post-event.
Black Hills Corp. (NYSE: BKH) announced its participation in the Morgan Stanley Energy & Power Conference on Feb. 28 and the Bank of America Power, Utilities and Clean Energy Leaders Conference on March 1. The company reaffirms its 2022 earnings guidance of $3.95 to $4.15 per share. Leadership will discuss guidance, growth targets, and regulatory updates at these investor meetings. Materials for the conferences will be accessible on the company's website under the 'Investor Relations' section.
Black Hills Corp. (NYSE: BKH) announced its Wyoming subsidiary, Cheyenne Light, Fuel and Power Company, submitted a request to the Wyoming Public Service Commission for a certificate to build a $260 million transmission expansion project named Ready Wyoming. The project aims to enhance long-term price stability and interconnect various electric systems, supporting customer energy needs and renewable resource access. Construction is planned from 2023 to 2025, featuring new and expanded substations and transmission lines.
Black Hills Corp. (BKH) reported its financial results for Q4 and the full year 2021, showing a net income of $71.2 million, down from $77.2 million in Q4 2020. The earnings per share (EPS) for 2021 was $3.74, benefiting from new rates and customer growth, despite weather impacts reducing Q4 earnings by $0.16. The company plans to invest over $3.2 billion in the next five years and aims for a 5%-7% EPS growth target through 2026. Black Hills also declared a quarterly dividend of $0.595 per share, continuing its streak of 51 consecutive years of dividend increases.
Black Hills Corp. (NYSE: BKH) announced a quarterly dividend of $0.595 per share, payable on March 1, 2022 to shareholders on record as of February 14, 2022. The company's fourth quarter and full year earnings will be released after the market closes on February 9, 2022, followed by a conference call on February 10, 2022, at 11 a.m. EST. Black Hills serves approximately 1.3 million utility customers across eight states.