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) 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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