Welcome to our dedicated page for Black Hills Corporation news (Ticker: BKH), a resource for investors and traders seeking the latest updates and insights on Black Hills Corporation stock.
Black Hills Corporation (NYSE: BKH) is a growth-oriented, vertically integrated energy company headquartered in Rapid City, South Dakota. With a mission of improving life with energy and a vision to be the energy partner of choice, Black Hills Corp. serves approximately 1.34 million natural gas and electric utility customers in eight states, including Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.
The company operates through various segments: Electric Utilities, Gas Utilities, and Corporate and Other. A significant portion of its revenue is generated from its utility business group, mainly from electric utilities. Black Hills Corp. caters to a wide array of customers, including residential, commercial, industrial, and municipal consumers.
Black Hills Corp. has made significant strides in renewable energy. A noteworthy development is the acquisition of the production facility at the Dubuque Metropolitan Area Solid Waste Agency, which includes onsite infrastructure and long-term rights to renewable natural gas (RNG) production. This investment aligns with the company’s emissions reduction strategy and marks its entry into the RNG production as a nonregulated business.
In 2023, Black Hills Corp. reported strong financial results, with earnings per share reaching $3.91, driven by new rates and customer growth. The company demonstrated robust capital and expense management, offsetting inflationary impacts. Furthermore, the company has set a 2024 earnings guidance range of $3.80 to $4.00 per share and plans to increase its capital plan by $800 million to $4.3 billion from 2024 through 2028.
Among its strategic growth initiatives, Black Hills Corp. is advancing several key projects. In Wyoming, it has initiated the Ready Wyoming 260-mile electric transmission project. In South Dakota, the company is finalizing plans to add 100 megawatts of utility-owned renewable wind generation by mid-2026. Additionally, in Colorado, Black Hills Energy is recommending 400 megawatts of new renewable energy resources to meet its greenhouse gas emissions reduction goals by 2030, including 200 megawatts of utility-scale solar, 150 megawatts of wind, and 50 megawatts of battery storage.
Black Hills Energy Renewable Resources LLC (BHERR), a nonregulated subsidiary established in 2022, focuses on developing RNG production and interconnections. This subsidiary aims to align with Black Hills Corp.'s sustainability strategy and drive profitable growth in renewable energy projects.
For more detailed information, visit their website at www.blackhillscorp.com.
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.
Black Hills Corp. (NYSE: BKH) will hold its Annual Meeting of Shareholders on April 26, 2022, at 9:30 a.m. MDT in Rapid City, South Dakota. Shareholders can attend in person or join virtually via webcast or phone. Voting via the webcast is not permitted, so shareholders are encouraged to return their proxy cards to ensure their votes are counted. The meeting will be archived for future access on the company's website. Black Hills Corp. serves 1.3 million utility customers across eight states, emphasizing customer focus and growth.
Black Hills Corp. (NYSE: BKH) will report its 2022 first quarter earnings on May 4, 2022, following market close. A conference call will be held on May 5, 2022, at 11 a.m. EDT to discuss the financial results. The company, based in Rapid City, South Dakota, services 1.3 million utility customers across eight states. Interested parties can access the live webcast on the company’s investor relations page. A replay will be available post-event.
Black Hills Corp. (NYSE: BKH) announced its participation in the Morgan Stanley Energy & Power Conference on Feb. 28 and the Bank of America Power, Utilities and Clean Energy Leaders Conference on March 1. The company reaffirms its 2022 earnings guidance of $3.95 to $4.15 per share. Leadership will discuss guidance, growth targets, and regulatory updates at these investor meetings. Materials for the conferences will be accessible on the company's website under the 'Investor Relations' section.
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.'
FAQ
What is the current stock price of Black Hills Corporation (BKH)?
What is the market cap of Black Hills Corporation (BKH)?
What services does Black Hills Corporation provide?
How many customers does Black Hills Corporation serve?
What are the core business segments of Black Hills Corporation?
What recent achievements has Black Hills Corporation accomplished?
What are Black Hills Corporation’s goals for renewable energy?
What is Black Hills Energy Renewable Resources LLC (BHERR)?
How did Black Hills Corporation perform financially in 2023?
What is the company's earnings guidance for 2024?
What strategic projects is Black Hills Corporation currently pursuing?
Where can investors find more information about Black Hills Corporation?
