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) has declared a quarterly dividend of $0.676 per share for common shareholders of record as of May 16, 2025, with payment scheduled for June 1, 2025. The company will release its 2025 first quarter earnings after market close on May 7, 2025, followed by a live conference call and webcast on May 8, 2025, at 11 a.m. EDT.
Black Hills Corp. operates as a customer-focused utility company serving 1.35 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 it will release its 2025 first-quarter earnings report after market close on Wednesday, May 7, 2025. The company will host a live conference call and webcast the following day, Thursday, May 8, 2025, at 11 a.m. EDT to discuss the financial results.
The utility company serves 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Interested participants can join the Q&A session through the company's conference registration system, while a listen-only webcast with presentation slides will also be available. A replay of the broadcast will be accessible for up to one year through the company's investor relations website.
Black Hills Corp. (NYSE: BKH) has received approval from the Colorado Public Utilities Commission for new electric utility rates in Colorado. The approved rates will enable recovery of approximately $370 million in system investments made since 2016 and cover inflationary impacts on customer service costs.
The new rates, effective March 22, 2025, will generate approximately $17.0 million in new annual revenues. The approval is based on a weighted average cost of capital of 6.90%, with a capital structure ranging from 47-49% equity and 51-53% debt, and a return on equity between 9.3-9.5%. The company has until April 7, 2025, to file for rehearing, reargument, or reconsideration with the commission.
Black Hills Corp. (NYSE: BKH) has announced its upcoming investor engagement schedule for March 2025, featuring participation in four major industry conferences. The company will attend the Morgan Stanley Energy and Power Conference (March 3), Jefferies Power, Utilities and Clean Energy Conference (March 4), Siebert Williams Shank West Coast Utilities Conference (March 20), and Scotiabank Utilities and Renewables Conference (March 25).
Black Hills Corp., headquartered in Rapid City, South Dakota, serves 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Supporting materials for these investor meetings will be made available on the company's website prior to each conference.
Black Hills Corp. (NYSE: BKH) reported its 2024 financial results with earnings per share of $3.91, representing 4.3% growth from 2023's midpoint guidance. The company announced a 10% increase in its five-year capital forecast to $4.7 billion for 2025-2029.
Key highlights include a 4% increase in quarterly dividend, marking 55 consecutive years of dividend increases, and the initiation of 2025 earnings guidance at $4.00 to $4.20 per share. The company's data center load is projected to exceed one gigawatt from existing customers, with approximately 500 megawatts expected to be served by 2029.
Operating income for 2024 was $503.1 million, up from $472.7 million in 2023. Net income available for common stock reached $273.1 million in 2024, compared to $262.2 million in 2023. The company completed several regulatory initiatives, including rate review settlements in Arkansas and Iowa, while maintaining solid investment-grade credit ratings.
Black Hills Corp. (NYSE: BKH) has filed a rate review application with the Kansas Commission for its natural gas utility operations. The company is seeking to recover costs for infrastructure investments and operations serving 120,000 Kansas customers. Since 2021, Black Hills Energy has invested $118 million in safety, reliability, and system integrity across 4,765 miles of natural gas pipeline infrastructure in Kansas.
The application requests $17.2 million per year in additional revenue and approximately $4.4 million of rider revenue integration into base rates, totaling a $21.6 million annual base rate revenue increase. The request is based on a capital structure of 50.44% equity and 49.56% debt, with a 10.50% return on equity. The company aims to implement new rates in the second half of 2025.
Black Hills Corp. (NYSE: BKH) has announced a quarterly dividend increase of $0.026 per share, bringing the new dividend to $0.676 per share. The dividend will be payable on March 1, 2025, to shareholders of record as of February 18, 2025.
This increase marks the company's 55th consecutive year of annual dividend increases, representing the second-longest track record in the electric and natural gas utility industry. Black Hills has maintained an unbroken streak of 83 consecutive years of annual dividend payments since February 1942.
The company currently 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 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.