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) 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.
Black Hills Corp. (NYSE: BKH) announced a partnership with Meta to power its new data center in Cheyenne, Wyoming. Black Hills Energy, operating through Cheyenne Light, Fuel & Power, will provide customized energy solutions and high reliability. This partnership leverages the Large Power Contract Service tariff, enabling efficient energy procurement for industrial clients since 2016. The initiative supports Wyoming's economic diversification and is expected to boost Black Hills' earnings per share from 5% to 10% over the next five years. Black Hills Corp. serves 1.34 million customers across eight states.
Black Hills Corp. (NYSE: BKH) will release its 2024 second quarter earnings on July 31, 2024, after market close, with a live conference call and webcast scheduled for 11 a.m. EDT on August 1, 2024. Investors can access the webcast via the company's website under the 'Investor Relations' section. Registration for the event is required, providing access details and a personal identification number upon completion. A replay will be available online for up to one year. Black Hills Corp. is a utility company serving 1.34 million customers across eight states, focusing on natural gas and electric utility services.
Black Hills Corp. (NYSE: BKH) has appointed Salvador (Sal) Diaz as the new director of investor relations. He takes over from Jerome Nichols, who will retire on August 5, 2024, after two decades with the company. Diaz brings over 20 years of experience in investor relations and capital markets, including roles in investment banking and equity research. He has worked with companies across various industries and most recently led investor relations at a pre-IPO digital identity firm. Diaz holds an MBA from Wharton, a graduate diploma from Cambridge, and an industrial engineering degree from the University of the Philippines. Black Hills Corp. serves 1.34 million customers in eight states and aims to be the preferred energy partner.