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) 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.
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.