Black Hills Stock Price, News & Analysis

Black Hills Corp. (NYSE: BKH) declared a quarterly dividend of $0.595 per share, payable on Sept. 1, 2022, to shareholders of record by Aug. 18, 2022. The company's second quarter earnings will be released after market close on Aug. 3, 2022, followed by a live conference call on Aug. 4, 2022, at 11 a.m. EDT to discuss financial results. Black Hills Corp. serves 1.3 million utility customers across eight states, emphasizing its commitment to being a customer-focused, growth-oriented energy provider.

Black Hills Corp. (NYSE: BKH) will announce its Q2 2022 earnings on August 3, 2022, after market close. A live conference call is scheduled for August 4, 2022, at 11 a.m. EDT to discuss the financial results. Investors can access the webcast through the company’s website under the Investor Relations section. They can also listen by phone after registering to obtain dial-in information. Black Hills Corp. serves approximately 1.3 million utility customers across eight states, focusing on growth and customer satisfaction.

Black Hills Corp. (NYSE: BKH) announced a significant milestone on June 21, 2022, as its Wyoming electric utility, Black Hills Energy, signed a five-year agreement to provide up to 45 megawatts of electric service to a new crypto mining facility in Cheyenne. The facility, one of the largest in the region, will be operational by Q4 2022. The Blockchain Interruptible Service Tariff, developed to attract high-energy demand customers, offers benefits like increased local taxes and job creation, while prioritizing existing retail customers' needs.

Black Hills Corp. (NYSE: BKH) announced a new proposal through its subsidiary, Black Hills Energy, for a renewable natural gas and carbon offset program aimed at residential and business customers in Colorado. This voluntary program, designed based on customer feedback, will allow participants to offset their natural gas emissions by purchasing fixed-price blocks at $5 each. The comprehensive pilot program will run from 2023 to 2026, pending approval from the Colorado Public Utilities Commission. Black Hills Energy plans to expand the proposal to other states, including Kansas and Nebraska, later this summer.

Black Hills Corp. (NYSE: BKH) announced a rate review application for $15.4 million in new annual revenue for its Wyoming utility, Cheyenne Light, Fuel and Power Company. The request comes after $250 million of investments in safety and reliability upgrades since the last rate filing in 2013, benefiting approximately 44,000 customers. The application seeks a capital structure of 54% equity and 46% debt, with a proposed return on equity of 10.3%. New rates are targeted for implementation in Q1 2023.

Black Hills Corp. (NYSE: BKH) announced its '2030 Ready Plan' aiming for a 90% reduction in greenhouse gas emissions by 2030, based on 2005 levels. The plan aligns with Colorado's '80 x 30' mandate, proposing 450 megawatts of new renewable energy and battery storage. Key components include 149 MW of wind and 258 MW of solar generation. The Colorado Public Utilities Commission will review the plan, with decisions expected by April 2023, after which a competitive solicitation for resources will occur.

Black Hills Corp. (NYSE: BKH) has announced its participation in the American Gas Association Financial Forum on May 17-18, 2022. During this event, the company's senior leadership team will discuss key topics including strategic initiatives, guidance, and long-term growth targets. The materials presented at these meetings will be accessible on the Black Hills website under the 'Investor Relations' section. Black Hills operates as a utility provider in eight states, serving 1.3 million customers in the natural gas and electric sectors.

Black Hills Corp. (BKH) reported a strong first quarter of 2022 with net income of $117.5 million, up 22% from $96.3 million in 2021, translating to earnings per share (EPS) of $1.82, an 18% increase. Excluding prior year impacts from Winter Storm Uri, EPS rose 8%. Key growth drivers included new rates, customer growth, and increased energy sales. The company reaffirmed its 2022 EPS guidance of $3.95 to $4.15, citing favorable operational performance and effective regulatory execution. However, it faces challenges from supply chain issues and inflation.

Black Hills Corp (NYSE: BKH) announced a quarterly dividend of $0.595 per share, declared on April 25, 2022. Shareholders on record as of May 18, 2022, will receive payment on June 1, 2022. The company will release its Q1 2022 earnings after market close on May 4, 2022, and a conference call will be held on May 5, 2022, at 11 a.m. EDT to discuss the results. Black Hills Corp serves 1.3 million customers across eight states, focusing on being a resilient energy partner.