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) has released its 2024 Corporate Sustainability Report, highlighting significant progress in environmental and social initiatives. The company has achieved a 38% reduction in electric utility emissions since 2005 and remains on track for its 40% reduction target by 2030 and 70% by 2040.
Key achievements include the acquisition of a renewable natural gas facility in Iowa, partnerships in coal to hydrogen technology development, and carbon sequestration testing. The company's economic impact reached $1.5 billion in 2024, including $3.8 million in charitable giving. Through energy efficiency programs, Black Hills helped customers achieve energy savings equivalent to powering over 1,500 homes with electricity and 246 homes with natural gas annually.
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.