Black Hills

Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric, Gas Utilities, Power Generation, Mining, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in South Dakota, Wyoming, Colorado, and Montana. The Gas segment conducts natural utility operations through its Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming subsidiaries. The Power Generation segment produces electric from its plants and sells the capacity and energy. The Mining segment consists of the production and sale of coal to site, mine-mouth power generation facilities. The Corporate and Other segment covers unallocated expenses that support its operating segments. The company was founded in 1883 and is headquartered in Rapid City, SD.

Earnings data Q1 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Black Hills (BKH) reports strong Q4 earnings and growth outlook

Black Hills Corporation demonstrated solid financial performance, operational excellence, and strategic focus on growth and sustainability.
While facing challenges such as anticipated headwinds and rate adjustments, the company is optimistic about overcoming obstacles and achieving long-term success.
By leveraging growth opportunities in renewables, transmission projects, and datacenters, Black Hills aims to maintain consistent growth and deliver value to shareholders.

Black Hills Corporation reaffirms guidance and invests in renewable growth

Black Hills Corporation's Q1 2023 earnings call highlighted a strong financial performance, reaffirmed guidance, and strategic initiatives to drive growth. Despite facing regulatory challenges and mark-to-market losses, the company remains focused on advancing its growth initiatives and strengthening its position in the market.

Black Hills (BKH) reports Q2 earnings, focuses on renewables

Black Hills Corporation (BKH) is focused on executing its capital plan and achieving long-term growth targets.
The company is committed to renewable energy projects and aims to achieve net zero emissions by 2035.
Despite challenges in earnings and expenses, BKH sees opportunities in customer growth and strategic initiatives.
Regulatory approvals and equity issuance demonstrate BKH's commitment to financial strength and growth.

Black Hills Corporation reports robust Q3 earnings and growth outlook

Black Hills Corporation's Q3 2023 earnings call highlighted strong financial and operational performance, driven by new rates, expense management, and regulatory advancements. The company's focus on reliability, renewable energy, and growth initiatives positions it well for future opportunities, despite facing challenges in regulatory environments.

Black Hills (BKH) surpasses earnings expectations and targets industry-leading FFO to debt ratio

Black Hills (BKH) delivered strong financial performance, exceeding guidance and showcasing operational resilience. The company's focus on strengthening the balance sheet, advancing growth plans, and meeting emission reduction goals positions it well for future growth. Analyst inquiries highlighted a focus on financial metrics and targets, indicating investor interest in the company's financial health and growth prospects.

Black Hills Corp reports robust Q1 earnings and eyes growth

Black Hills Corporation delivered strong Q1 2024 performance with an 8% increase in earnings per share and reaffirmed guidance, showcasing stability and growth potential.
The company's focus on financial health, operational excellence, and strategic growth initiatives positions it well for long-term success and value creation.
While challenges in regulatory dynamics and financial management persist, Black Hills Corporation's proactive approach and industry engagement offer avenues for sustainable growth.
Opportunities in renewable energy, data centers, and regulatory influence present avenues for Black Hills Corporation to drive innovation and capitalize on emerging trends.

Black Hills (BKH) reports strong Q2 performance and eyes growth with Meta partnership

Black Hills Corporation (BKH) delivered a solid performance in Q2 2024, showcasing operational excellence and strategic progress. With a focus on customer-centric strategies and key projects like the Ready Wyoming transmission project, the company is poised for sustained growth and earnings expansion.

Black Hills Corporation reports solid Q3 performance and strategic growth

Black Hills Corporation's Q3 2024 earnings call highlighted strong operational performance, strategic growth initiatives, and financial stability. The company reaffirmed their earnings guidance range for the year and expressed confidence in their long-term growth targets.

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Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric Utilities, Gas Utilities, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in Colorado, Montana, South Dakota, and Wyoming. The Gas Utilities segment provides natural gas in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. The Corporate and Other segment covers certain unallocated corporate expenses. The company was founded in 1883 and is headquartered in Rapid City, SD.

Black Hills Corporation is a relatively small regulated utility. The company has increased its dividend annually for more than five decades, making it a Dividend King.

This Dividend King's Growth Plans Kick Into High Gear in 2024

RAPID CITY, S.D., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2023 fourth quarter and full year earnings after the market closes Wednesday, Feb. 7, 2024, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Feb. 8, 2024, to discuss the company's financial results.

Black Hills Corp. Schedules 2023 Fourth Quarter and Full Year Earnings Release and Conference Call

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NextEra Energy has provided investors with an impressive amount of dividend growth. Black Hills Corporation has an incredible track record of regularly increasing its dividend.

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow. The 54 Dividend Kings screened as of December 29 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 18.52%-38.49% topped-by Northwest Natural, and Altria Group. By yield, Altria tops-all. Top-ten Kingly January yields reported for ABBV, FTS, FRT, BKH, UVV, NWN, MMM, CDUAF, LEG, & MO averaged 5.45%.

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The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like JAKK, TAP, BKH, BBSI and FHN hold promise.

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Black Hills Corporation is a holding company for several gas and electric utilities serving 1.33 million customers in the Great Plains and Midwest. The company's stock price has declined by 25.0% since January 2023, significantly exceeding the 15.5% drop in utility prices. While annual growth was cut to 4.0-6.0%, and 2023 earnings lowered, I believe the longer-term outlook remains positive due to the regulatory environment, with shares now 10.0% undervalued.

Black Hills Corporation: Undervalued Share And Rising Dividend, But Slower Growth Ahead

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The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like JAKK, BKH, BBSI and CSR hold promise.

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Investors with an interest in Utility - Electric Power stocks have likely encountered both Black Hills (BKH) and Consolidated Edison (ED). But which of these two companies is the best option for those looking for undervalued stocks?

BKH or ED: Which Is the Better Value Stock Right Now?

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FAYETTEVILLE, Ark., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Arkansas natural gas utility, Black Hills Energy Arkansas, Inc., doing business as Black Hills Energy, filed a rate review application with the Arkansas Public Service Commission requesting $44.1 million in new annual revenue.

Black Hills Corp. Natural Gas Utility Requests Rate Review in Arkansas

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive years." - Dogs of the Dow. The 49 Dividend Kings screened as of November 22 represented eight of eleven Morningstar Sectors. Broker targeted-top-ten net-gains ranged 18.52%-38.49% topped by Northwest Natural and Gorman-Rupp. By yield, Altria tops all. Top-ten Kingly December yields reported for NFG, ABBV, FRT, BKH, NWN, UVV, CDUAF, MMM, LEG, & MO averaged 5.86%.

Buy 6 December Dividend Kings, 4 More On Watch

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Black Hills is feeling the hit from higher interest rates but that's an opportunity for long-term investors looking for a reliable dividend stock in the energy sector. Clearway Energy already has all the power needed to deliver upper-end dividend growth through 2026.

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Black Hills is a relatively small utility company providing electricity and natural gas. The company has increased its dividend annually for more than 50 consecutive years.

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Over the last year and a half, interest rates have jumped from historical lows of literally 0% to the highest level since 2007 at 5.5%.

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Black Hills Corporation is a holding company with 1.33 million natural gas and electricity customers. The company's stock price has fallen 24% due to interest rate exposure, making it a bargain, particularly with its 4.9% dividend. Black Hills benefits from owning coal-fired electric generation and has a diversified generation base.

Black Hills Corporation Still In The Black

Black Hills Corporation (NYSE:BKH ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Jerome Nichols - Director, IR Linden Evans - President & CEO Kimberly Nooney - SVP & CFO Marne Jones - SVP, Utilities Todd Jacobs - SVP, Growth and Strategy Conference Call Participants Julien Dumoulin-Smith - Bank of America Willard Grainger - Mizuho Securities Operator Good day, and thank you for standing by. Welcome to the Q3 2023 Black Hills Corporation Earnings Conference Call.

Black Hills Corporation (BKH) Q3 2023 Earnings Call Transcript

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RAPID CITY, S.D., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced financial results for the third quarter of 2023. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2023, compared to the three and nine months ended Sept. 30, 2022, were:

Black Hills Corp. Reports 2023 Third-Quarter Results and Reaffirms 2023 Earnings Guidance

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Visa and Exxon Mobil announced dividend increases in October, with Visa increasing its dividend by 15.6% and Exxon Mobil increasing its dividend by 4.4%. Several companies, including AbbVie, American Electric Power, and McDonalds, met or exceeded dividend increase predictions in October. Dividend growth slowed for companies like Amphenol, Black Hills, and Tompkins Financial due to various factors such as the current economic slowdown and flat or lower earnings.

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"There is only one criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend payout for a minimum of 50 consecutive years."--Dogs of the Dow. The 49 Dividend Kings screened as of October 25 represented seven of eleven Morningstar Sectors. Broker-targeted top-ten net gains ranged 25.18%-37.56% topped by Target and Gorman-Rupp. By yield, Altria tops all. Top-ten Kingly November yields from ABBV, SWK, FRT, BKH, NWN, CDUAF, MMM, UVV, LEG, & MO averaged 6.12%.

Buy 7 November Dividend Kings, Watch 7 More

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