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 reports developments for a regulated energy utility serving natural gas and electric customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. News about BKH commonly covers quarterly and annual earnings, common-stock dividend declarations, rate review applications, infrastructure investment recovery and utility operations across its gas and electric businesses.
Company updates also address board actions, shareholder matters, capital-structure activity and regulatory proceedings tied to service reliability, grid investment and customer costs.
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.
Black Hills Corp. (NYSE: BKH) announced an agreement-in-principle between its utility subsidiary Cheyenne Light and power generation subsidiary Black Hills Wyoming regarding a proposed 60-megawatt power purchase agreement. This agreement addresses a shortfall in generation capacity due to the expiration of the existing Wygen I power purchase agreement in 2022. The new contract aims to provide reliable and low-cost electric capacity to Cheyenne Light and its customers. Final approval from the Federal Energy Regulatory Commission (FERC) is pending.
Black Hills Corp. (NYSE: BKH) announced that its senior management will engage with investors during the Credit Suisse 2020 Utilities, Power & Clean Tech Virtual Conference on May 14 and the American Gas Association Financial Forum on May 18-19. The management will reaffirm its guidance issued on May 5 and discuss the company's response to the COVID-19 pandemic. All materials for these meetings will be accessible on the company's website under the ‘Investor Relations’ section.
Black Hills Corp. (NYSE: BKH) reported a net income of $93.2 million, or $1.51 per share, for Q1 2020, down from $103.8 million, or $1.73 per share, in Q1 2019. The pandemic had minimal financial impacts during the quarter but is expected to negatively affect earnings in subsequent quarters. A weather-related gross margin decrease of $12.2 million was noted. The company revised its 2020 earnings guidance to $3.45-$3.65 per share, incorporating potential COVID-19 impacts. Black Hills remains focused on strategic initiatives, including the $79 million Corriedale Wind Energy Project.
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