Black Hills Stock Price, News & Analysis

On Nov. 2, 2020, after market close, Black Hills Corp. (NYSE: BKH) will announce its Q3 2020 earnings. A conference call and webcast is scheduled for Nov. 3, 2020, at 11 a.m. EST to discuss financial results. Black Hills Corp., based in Rapid City, South Dakota, provides natural gas and electric service to approximately 1.28 million customers across eight states. Interested parties can access the live webcast via their investor relations portal. A replay will be available afterward.

Black Hills Corp. (NYSE: BKH) announced the appointment of Barry M. Granger and Scott M. Prochazka to its board of directors, effective October 1, 2020. This decision coincides with a temporary expansion of the board's size from 10 to 12 directors, anticipating future retirements. Chairman Steven Mills expressed confidence that their expertise will enhance board effectiveness. Granger brings over 35 years of experience from DuPont and Dow Chemical, while Prochazka has a strong background in regulated utilities, previously serving as CEO of CenterPoint Energy, emphasizing innovation and customer focus.

Black Hills Corp. (NYSE: BKH) submitted a rate review application to the Colorado Public Utilities Commission on September 11, 2020, seeking $13.5 million in annual revenue to recover investments in natural gas infrastructure. The proposal includes a five-year safety and integrity rider. Since July 2018, Colorado Gas has invested over $105 million in system upgrades, serving 192,000 customers with a 7,000-mile pipeline network. The company aims to implement new rates by Q2 2021, proposing a capital structure of 50% equity and 50% debt with a return on equity of 9.95%.

Black Hills Corp. (NYSE: BKH) reported a Q2 2020 net income of $21 million, translating to earnings per share (EPS) of $0.33, up from $0.24 in Q2 2019. The company has a $669 million capital plan for 2020, remaining on schedule despite COVID-19 challenges. A $400 million debt issuance boosted total liquidity to $770 million. The firm noted improved performance across all business segments and reaffirmed its 2020 EPS guidance of $3.45 to $3.65, with COVID-19 impacts projected between $(0.05) and $(0.10) per share. The Corriedale Wind Project is on track for completion by year-end.

Black Hills Corp. (NYSE: BKH) declared a quarterly dividend of $0.535 per share, payable on Sept. 1, 2020, to shareholders of record by the close of business on Aug. 18, 2020. The company will release its Q2 2020 earnings on Aug. 3, 2020, after market close, followed by a conference call on Aug. 4, 2020, at 11 a.m. EDT. Black Hills Corp. serves approximately 1.28 million utility customers across eight states.

Black Hills Corp. (NYSE: BKH) will report its Q2 2020 earnings on August 3, 2020, after market close. A live conference call is scheduled for August 4, 2020, at 11 a.m. EDT to discuss the financial results. The company serves 1.28 million utility customers across eight states, focusing on growth and customer satisfaction. Investors can access the webcast through the company's website under the 'Investor Relations' section. Call-in options are also available for those wishing to ask questions or listen without internet access.

Black Hills Corp. (NYSE: BKH) announced a strategic management change to enhance leadership in Colorado's utility operations. Effective August 1, 2020, Vance Crocker will lead both electric and gas utilities in the state, alongside his role as vice president of Colorado Electric. Nick Wagner will join on July 27 as vice president of regulatory affairs and policy, focusing on regulatory matters affecting the company. This new structure aims to strengthen stakeholder relationships and support clean energy initiatives while ensuring reliable service to customers.

Black Hills Corp. (NYSE: BKH) announced a registered public debt offering of $400 million in 2.50% senior unsecured notes due June 15, 2030. The offering is set to close on June 17, 2020, pending customary conditions. The raised funds will be allocated for repaying short-term debt, working capital, and other corporate purposes. Following this transaction, the company will maintain approximately $800 million in liquidity. The offering details are available through the SEC's EDGAR system.

Black Hills Corp. (NYSE: BKH) announced a rate review application with the Nebraska Public Service Commission to consolidate rate schedules and recover $450 million in infrastructure investments for its 13,000-mile pipeline system. The review seeks $17 million in new revenue to support approximately 300,000 customers. The company aims to simplify operations across Colorado, Nebraska, and Wyoming. Additionally, a settlement for a power purchase agreement with Cheyenne Light will reduce pricing by 10%. Black Hills Corp. reaffirmed its guidance during upcoming investor meetings.