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 news coverage encompasses developments across the company's electric and natural gas utility operations spanning eight states. Investors monitor announcements related to regulatory proceedings including rate case filings, resource plan approvals, and cost recovery mechanisms that directly impact revenue and earnings. News about major capital projects such as electric transmission expansions, new generation facilities, and natural gas infrastructure investments provides insight into growth initiatives and future rate base expansion.
Clean energy developments represent an increasingly important news category, with updates on renewable energy project approvals, construction milestones for wind and solar facilities, battery storage deployments, and progress toward emissions reduction targets. Regulatory commission decisions regarding renewable energy plans and cost recovery can significantly affect the company's clean energy transition timeline and financial outcomes. Mergers, acquisitions, and strategic partnerships also generate substantial news interest as the utility industry continues to consolidate and evolve.
Operational performance news includes updates on service reliability metrics, customer growth statistics, weather-related impacts on earnings, and responses to major storm events or service disruptions. Dividend announcements receive significant attention given the company's long history of dividend growth, with investors closely tracking payout ratios, dividend increase percentages, and sustainability of the dividend program. Quarterly earnings releases and guidance updates provide critical information about financial performance, regulatory outcomes, capital expenditure plans, and management's outlook for future periods, driving trading activity and analyst estimate revisions.
Black Hills Corp. (NYSE: BKH) announced its Wyoming subsidiary, Cheyenne Light, Fuel and Power Company, submitted a request to the Wyoming Public Service Commission for a certificate to build a $260 million transmission expansion project named Ready Wyoming. The project aims to enhance long-term price stability and interconnect various electric systems, supporting customer energy needs and renewable resource access. Construction is planned from 2023 to 2025, featuring new and expanded substations and transmission lines.
Black Hills Corp. (BKH) reported its financial results for Q4 and the full year 2021, showing a net income of $71.2 million, down from $77.2 million in Q4 2020. The earnings per share (EPS) for 2021 was $3.74, benefiting from new rates and customer growth, despite weather impacts reducing Q4 earnings by $0.16. The company plans to invest over $3.2 billion in the next five years and aims for a 5%-7% EPS growth target through 2026. Black Hills also declared a quarterly dividend of $0.595 per share, continuing its streak of 51 consecutive years of dividend increases.
Black Hills Corp. (NYSE: BKH) announced a quarterly dividend of $0.595 per share, payable on March 1, 2022 to shareholders on record as of February 14, 2022. The company's fourth quarter and full year earnings will be released after the market closes on February 9, 2022, followed by a conference call on February 10, 2022, at 11 a.m. EST. Black Hills serves approximately 1.3 million utility customers across eight states.
Black Hills Corp. (NYSE: BKH) will announce its 2021 fourth quarter and full year earnings on February 9, 2022, after market close. A live conference call and webcast will be held on February 10, 2022, at 11 a.m. EST to discuss the financial results. The company serves 1.3 million utility customers across eight states and is focused on being the energy partner of choice. Interested parties can access the webcast on the company's website under 'Investor Relations.'
Black Hills Corp. (NYSE: BKH) announced final approvals for rate reviews for its natural gas utilities in Colorado, Iowa, and Kansas, aimed at recovering investments in infrastructure. The Colorado utility expects an estimated $6.49 million in additional annual revenues, effective Jan. 1, 2022. Iowa’s utility will gain approximately $3.7 million in new revenues, while Kansas will migrate $6.6 million of rider revenue to base rates. The company emphasizes ongoing investments in safety and reliability to support local communities across the three states.
Black Hills Corp. (NYSE: BKH) announced a rate review application with the Arkansas Public Service Commission, seeking $21.6 million in annual revenue. This request follows over $220 million invested in natural gas pipeline safety and reliability since 2017, addressing system growth and regulatory compliance. The proposed capital structure includes 50.9% equity and a 10.2% return on equity. Black Hills Energy aims to implement new rates by Q4 2022, supporting its commitment to provide reliable service and advance clean energy goals.
Black Hills Corp. (NYSE: BKH) provides a regulatory update concerning its Winter Storm Uri cost recovery applications totaling $546 million and the finalization of rate reviews in preparation for investor meetings. The company anticipates recovering these costs fully and expects decisions on three rate reviews by year-end 2021. Leadership plans to engage with investors at significant conferences on December 7 and 8. These developments are crucial for stakeholders as they directly impact the company’s financial resilience and regulatory compliance.
Black Hills Corp. (NYSE: BKH) announced upcoming virtual investor conferences on Nov. 29-30, Dec. 7, and Dec. 8, 2021. During these events, senior leadership will share insights on the company's guidance, long-term growth targets, and regulatory updates. The company reaffirms its guidance range previously issued on Nov. 2. Conference materials will be available on the Black Hills website. Serving 1.3 million customers across eight states, Black Hills is a growth-oriented utility company with a focus on improving lives through energy.
Black Hills Corp. (NYSE: BKH) has successfully completed its equity capital raising through its "at-the-market" equity offering program for 2021. The company sold $119.9 million worth of shares, totaling 1,812,197 shares at an average price of $66.18, resulting in net proceeds of $118.8 million. The funds will support capital investments, reduce short-term debt, and cover general corporate expenses. The company retains the ability to issue an additional $400 million in shares under their Equity Sales Distribution Agreement.
Black Hills Corp. (NYSE: BKH) announced a settlement agreement to recover $87.9 million in fuel costs incurred during Winter Storm Uri, affecting 117,000 customers in Kansas. The recovery will take place over five years, starting February 1, 2022, pending approval from the Kansas Corporation Commission. This settlement includes carrying costs associated with financing the fuel costs. CEO Linn Evans highlighted the importance of this agreement for continuing reliable service in extreme weather conditions, underlining the company’s commitment to its customers.
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