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) will release its third quarter 2021 earnings on November 2, 2021, post-market close. A live conference call to discuss financial results will follow on November 3, 2021, at 11 a.m. EDT. The event can be accessed via their website under Investor Relations, with replays available afterward. Serving 1.3 million customers across eight states, Black Hills aims to be the energy partner of choice. For inquiries, contact Jerome E. Nichols at 605-721-1171.
Black Hills Corp. (NYSE: BKH) announced an agreement for a general rate increase via its Colorado utility, Black Hills Energy, aimed at enhancing safe and reliable natural gas services. The plan, awaiting final approval, could yield $6.49 million in additional annual revenues starting January 1, 2022. This follows over $150 million in investments since 2018 in its 7,000-mile pipeline system, which serves over 194,000 customers. These upgrades have improved resilience during extreme weather and reduced greenhouse gas emissions by a third since 2005.
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Black Hills Corp. (NYSE: BKH) announced a public debt offering of $600 million in senior unsecured notes with an interest rate of 1.037%, maturing on August 23, 2024. The offering includes an optional redemption provision effective from February 23, 2022. The company intends to utilize the proceeds to pay off a term loan related to costs from Winter Storm Uri, with any remaining funds allocated for general corporate purposes. Closing of the offering is expected on August 26, 2021.
Black Hills Corp. (NYSE: BKH) reported a strong financial performance for Q2 2021, with net income reaching $25.2 million ($0.40 EPS), up from $21.0 million ($0.33 EPS) in Q2 2020. The company's non-GAAP adjusted net income also rose to $25.2 million. Results were largely attributed to new rates and rider recovery from investments. Black Hills is investing over $3 billion through 2025 to support growing demand in its service areas. The company reaffirmed its 2021 EPS guidance between $3.80 and $4.00.
Black Hills Corp. (NYSE: BKH) announced a quarterly dividend of $0.565 per share, payable on Sept. 1, 2021, to shareholders of record by the close of business on Aug. 18, 2021.
The company will also disclose its second quarter earnings on Aug. 3, 2021, with a live conference call scheduled for Aug. 4, 2021, at 11 a.m. EDT. Investors can access the webcast through the company's website.
Black Hills Corp. (NYSE: BKH) will report its 2021 Q2 earnings on August 3, 2021, after market closure. A live conference call and webcast are scheduled for August 4, 2021, at 11 a.m. EDT to discuss the financial results. The company serves 1.3 million customers across eight states in the U.S. Interested participants can access the webcast via the company's website under the Investor Relations section. Call-in details for participants without internet access are also provided for the live broadcast.
Black Hills Corp. (NYSE: BKH) announced the filing of its 2021 Integrated Resource Plan (IRP) for its South Dakota and Wyoming Electric utilities. This comprehensive plan, shaped by extensive data analysis and stakeholder input, aims to meet long-term energy needs over a 20-year horizon while enhancing grid resilience and reliability. Key proposals include adding 100 megawatts of renewable generation, converting a coal plant to natural gas, and considering up to 20 megawatts of battery storage, all supporting a 70% reduction in greenhouse gas emissions by 2040.
Black Hills Corp. (NYSE: BKH) announced rate review applications for its natural gas utilities in Colorado and Iowa to recover investments in infrastructure. In Colorado, the request is for $14.6 million in annual revenue following $144 million in system upgrades. Iowa's application seeks $8.3 million after a $250 million investment over a decade. The company aims to implement new rates in early 2022, with a focus on safety and clean energy goals, while recent performance showcased the effectiveness of these investments during extreme weather conditions.
Black Hills Corp. has released its 2020 Community Impact Report, showcasing a commitment to community support amid unprecedented challenges. The company contributed $5.6 million to various non-profit partners and engaged employees in volunteer activities, with nearly 45% pledging $780,000 to local United Way organizations. In total, 1.3 million utility customers were served across eight states, with a direct economic impact of $1.4 billion.