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Black Hills Corp (NYSE: BKH) delivers essential energy services through regulated utilities and strategic wholesale operations across eight U.S. states. This page provides investors and stakeholders with direct access to official company announcements, including earnings reports, regulatory updates, and operational developments.
Bookmark this resource for timely updates on BKH's infrastructure investments, rate case resolutions, and sustainability initiatives. Our curated news collection ensures you stay informed about critical developments affecting this vertically integrated utility provider.
Find comprehensive coverage of BKH's natural gas and electric service updates, financial performance disclosures, and leadership announcements. All content is sourced from verified corporate communications to maintain accuracy and compliance with financial reporting standards.
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Black Hills Corp. (NYSE: BKH) has successfully energized the first 12-mile segment and supporting substations of its Ready Wyoming transmission expansion project near Cheyenne. The complete 260-mile project, scheduled to be fully operational by end of 2025, will connect the company's Wyoming and South Dakota electric systems.
The project, which received Wyoming Public Service Commission approval in 2022, includes six new, replacement, or expanded substations and will interface with electricity markets to the east and west. It aims to reduce dependence on third-party transmission systems, stabilize long-term costs for customers, and support growing energy needs, particularly for data centers.
Ready Wyoming, the largest electric transmission project in Black Hills' history, spans five counties and approximately 300 landowners. The investment will be recovered through the company's transmission rider and is expected to contribute more than $100 million of economic benefit to the Wyoming economy.
Black Hills Corp. (NYSE: BKH) has announced it will release its 2024 fourth-quarter and full-year earnings after market close on Wednesday, February 5, 2025. The company will host a live conference call and webcast at 11 a.m. EST on Thursday, February 6, 2025, to discuss the financial results.
Investors can access the webcast through the company's website under the Investor Relations section or participate in the live broadcast via phone by registering at the provided link. A replay of the broadcast will be available for up to one year. Black Hills Corp. serves 1.34 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.
Black Hills Corp (NYSE: BKH) announced that its Iowa natural gas utility received approval from the Iowa Utilities Commission for new rates. The settlement agreement aims to recover approximately $100 million of pipeline system investments made since 2021. The approved settlement will generate about $15 million in new annual revenues based on a weighted average cost of capital of 7.21%. Final approved rates will replace interim rates in January 2025, which have been in place since May 11, 2024.
Black Hills Corp (NYSE: BKH) reaffirmed its 2024 earnings guidance of $3.80 to $4.00 per share while reporting Q3 2024 results. The company posted earnings of $0.35 per share for Q3 2024, down from $0.67 in Q3 2023, and net income of $24.4 million, compared to $45.4 million in the prior year period. The decrease was partially offset by new rates, rider recovery and customer growth. The company received approval for new customer rates at Arkansas natural gas utility and filed a settlement agreement for Iowa gas utility rates. Black Hills completed its planned equity issuance for 2024, raising $182 million through 3.3 million new shares.
Black Hills Corp. (NYSE: BKH) has declared a quarterly dividend of $0.65 per share for common shareholders of record as of November 18, 2024, payable on December 1, 2024. The company will release its 2024 third quarter earnings after market close on November 6, 2024, followed by a live conference call and webcast on November 7, 2024, at 11 a.m. EST. Black Hills serves 1.34 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.
Black Hills Corp. (NYSE: BKH) has announced its schedule for the 2024 third quarter earnings release and conference call. The company will release its Q3 2024 earnings after market close on Wednesday, November 6, 2024, followed by a live conference call and webcast on Thursday, November 7, 2024, at 11 a.m. EST.
Investors and interested parties can access the webcast through the company's website or participate in the call via phone. A replay of the broadcast will be available for up to one year. Black Hills Corp. is a customer-focused utility company serving 1.34 million natural gas and electric utility customers across eight states in the U.S.
Black Hills Corp. (NYSE: BKH) announced that its Arkansas natural gas utility, Black Hills Energy Arkansas, Inc., received approval from the Arkansas Public Service Commission for new rates effective October 2024. The approved settlement agreement will:
- Generate approximately $25.4 million in new annual revenues
- Migrate $3.7 million in annual rider revenue to base rates
- Result in a total annual base rate revenue increase of $29.1 million
The new rates are designed to recover about $130 million of pipeline system investments made since 2021. The approval allows a 9.85% return on equity and a capital structure of 46% equity and 54% debt. Black Hills Corp. serves 1.34 million natural gas and electric utility customers across eight states.
Black Hills Corp. (NYSE: BKH) has successfully completed its 2024 equity issuances through a block equity trade via its at-the-market (ATM) equity offering program. The company raised net proceeds of $181.6 million by issuing 3.3 million shares, meeting its previously stated equity needs of $170 million to $190 million for 2024. These funds will be used to finance the company's capital expenditure program and for general corporate purposes.
CEO Linn Evans stated that this financing supports the execution of Black Hills Corp.'s long-term strategic plan, including growth initiatives like the Ready Wyoming electric transmission expansion project and other safety and integrity investments. Black Hills Corp. serves 1.34 million natural gas and electric utility customers across eight states in the U.S.
Black Hills Corp. (NYSE: BKH) reported Q2 2024 earnings of $0.33 per share, down from $0.35 in Q2 2023. Year-to-date earnings increased 6% compared to last year. The company reaffirmed its 2024 EPS guidance of $3.80 to $4.00. Key highlights include:
- Partnering with Meta to power a new AI data center in Cheyenne, Wyoming
- Advancing regulatory activities to recover investments and costs
- Pursuing approval for clean energy resources in Colorado
- Planning to add 100 MW of utility-owned generation in South Dakota by 2026
- Continuing construction of the 260-mile Ready Wyoming electric transmission line
The company reported progress on its climate goals, including a 27% reduction in greenhouse gas emissions from its natural gas distribution system since 2022.
Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend of $0.65 per share, payable on Sept. 1, 2024, to common shareholders of record as of Aug. 19, 2024. The company will release its 2024 second quarter earnings on July 31, 2024, after market close, followed by a live conference call and webcast on Aug. 1, 2024, at 11 a.m. EDT. Investors can access the webcast through the company's website or participate via phone by registering online. Black Hills Corp. is a customer-focused utility company serving 1.34 million natural gas and electric utility customers across eight states.
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