Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through four segments: Electric Utilities, Gas Utilities, Power Generation, and Mining. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 216,000 electric customers in Colorado, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers. This segment owns 992 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,083,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It also provides appliance repair services to residential customers; and constructs and maintains gas infrastructure facilities for gas transportation customers. This segment owns and operates approximately 4,774 miles of intrastate gas transmission pipelines; 41,838 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 49,000 horsepower of compression and 560 miles of gathering lines. The Power Generation segment produces electric power through wind, natural gas, and coal-fired generating plants; and sells the electric capacity and energy primarily to utilities under long-term contracts. The Mining segment produces coal at its coal mine located near Gillette, Wyoming; and sells the coal to electric generation facilities. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
IPO Year:
Exchange: NYSE
Website: blackhillscorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2023 | $53.00 | Underperform → Neutral | Mizuho |
| 2/10/2023 | $81.00 → $68.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/9/2023 | $67.00 | Buy → Neutral | Sidoti |
| 2/9/2023 | $71.00 → $60.00 | Neutral → Underperform | Mizuho |
| 2/8/2023 | $67.00 | Sector Outperform → Sector Perform | Scotiabank |
| 10/13/2022 | $87.00 → $66.00 | Buy → Neutral | BofA Securities |
| 5/6/2022 | $71.00 → $76.00 | Buy → Neutral | Mizuho |
| 2/7/2022 | $71.00 | Neutral → Buy | Mizuho |
| 9/22/2021 | $60.00 → $67.00 | Neutral | Mizuho |
| 8/25/2021 | $78.00 → $80.00 | Buy | Sidoti & Co. |
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Reaffirms 2025 earnings guidance range of $4.00 to $4.20 per share with strong confidence in 4-6% EPS growth rate outlookObtained all rights-of-way for 260-mile electric transmission expansion in Wyoming that will provide long-term cost stability for customers and enable growthServed new all-time peak load at Wyoming Electric, reflecting an increase of nearly 10% over 2024, driven by data center and blockchain growthSeeking $35 million of new annual revenues in Nebraska to continue providing reliable service for customersWildfire legislation enacted in Wyoming protects utilities from liability for damages when following commission-approved wildfire mitigation plans RAPID CITY, S.D., May 07
RAPID CITY, S.D., May 01, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its Nebraska natural gas utility has filed a rate review application with the Nebraska Public Service Commission requesting $34.9 million in new annual revenue to recover the necessary capital infrastructure and operational costs required to deliver safe, reliable natural gas service for over 304,000 Nebraska customers. Since its last general rate filing in 2020, the company will have invested over $453 million in safety, reliability and system integrity for its natural gas pipeline infrastructure serving over 300 communities in Nebraska. These critical investments were required to meet sy
RAPID CITY, S.D., April 22, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 22, 2025. Common shareholders of record at the close of business on May 16, 2025, will receive $0.676 per share, payable June 1, 2025. The company also confirms that it will release its 2025 first quarter earnings after the market closes Wednesday, May 7, 2025, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 8, 2025, to discuss the company's financial results. To participate by phone and ask a question during the live broadcast, participants can access the ev
RAPID CITY, S.D., April 09, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2025 first-quarter earnings after the market closes Wednesday, May 7, 2025, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 8, 2025, to discuss the company's financial results. To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Q&A. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a personal identification number. To access a listen-only webcast and view presentation slides, please register at Black
RAPID CITY, S.D., March 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its electric utility subsidiary in Colorado received approval from the Colorado Public Utilities Commission for new rates. The approved new rates will provide recovery of approximately $370 million of system investments since the utility's last general rate filing in 2016 and inflationary impacts on costs to serve customers. The approved new rates provide approximately $17.0 million of new annual revenues based on a weighted average cost of capital of 6.90% with a capital structure in a range of 47% to 49% equity and 51% to 53% debt, and a return on equity in a range of 9.3% to 9.5%. The
RAPID CITY, S.D., Feb. 28, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced the company will meet with investors in March 2025 through participation in the following conferences: Morgan Stanley Energy and Power Conference on March 3;Jefferies Power, Utilities and Clean Energy Conference on March 4;Siebert Williams Shank West Coast Utilities Conference on March 20; andScotiabank Utilities and Renewables Conference on March 25. Supporting materials for these meetings will be available on the Black Hills Corp. website at www.blackhillscorp.com under the "Investor Relations" section prior to the meetings. Black Hills Corp.Black Hills Corp. (NYSE:BKH) is a customer-focus
Delivered 2024 EPS of $3.91, or 4.3% growth from the midpoint of 2023 earnings guidanceIncreasing five-year capital forecast by 10% to $4.7 billion for 2025 through 2029, including $1.0 billion for 2025Projecting total data center load exceeding one gigawatt from existing customersIncreased quarterly dividend by 4%, extending track record of annual dividend increases to 55 consecutive yearsInitiating 2025 earnings guidance range at $4.00 to $4.20 per share RAPID CITY, S.D., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the fourth quarter and full year ending Dec. 31, 2024. Operating income, net income available for common stock and ea
RAPID CITY, S.D., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its Kansas natural gas utility has filed a rate review application with the Kansas Corporation Commission requesting recovery of the necessary capital infrastructure and operational costs required to deliver safe, reliable natural gas service for 120,000 Kansas customers. Since its last general rate filing in 2021, Black Hills Energy will have invested approximately $118 million in safety, reliability and system integrity for more than 4,765 miles of natural gas pipeline infrastructure in Kansas. These critical investments were required to meet system growth, ensure the safe and reliable
RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025. "This dividend increase reflects the confidence we have in our team, strategy and long-term growth," said Linn Evans, president and CEO of Black Hills Corp. The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry
Energizing the initial segment of the project marks a significant milestone in connecting the company's Wyoming and South Dakota electric systems.The strategic project is expected to stabilize long-term transmission costs for customers, expand market access to energy, and support long-term growth in Wyoming. RAPID CITY, S.D., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its Wyoming electric utility has successfully placed in service the initial 12-mile segment and supporting substations of its Ready Wyoming transmission expansion project near Cheyenne, Wyoming. The approximately 260-mile transmission project will support current and growing energy n
RAPID CITY, S.D., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced the appointment of Courtney Hebert to vice president-corporate controller and chief risk officer. Courtney will report to Kimberly Nooney, vice president and treasurer, who was recently appointed chief financial officer effective April 1, 2023. Hebert brings more than 20 years of financial experience to his role in accounting, finance, risk, internal audit, internal controls and compliance. He was previously assistant controller and chief risk officer and started with Black Hills two years ago as the director of risk. He brings significant utility experience from various roles at two large uti
Kathleen McAllister is a seasoned CEO, CFO and Board Director who has held diverse leadership roles in global, capital-intensive companies in the energy value chain, including at Black Hills Corp. (NYSE:BKH), Höegh LNG Partners LP (NYSE:HMLP) and Transocean Partners LLC (NYSE:RIGP)McAllister's appointment – together with earlier appointments of Sheila Khama, Amelia Kinahoi Siamomua and Gina Stryker – brings 50-50 gender parity to TMC's boardroom. With just three percent of S&P 500 companies' boards comprised of 50 percent or more women today, TMC is joining a small but rapidly growing number of companies delivering on gender parity goals NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The Met
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Mizuho upgraded Black Hills Corp from Underperform to Neutral and set a new price target of $53.00
RBC Capital Mkts downgraded Black Hills Corp from Outperform to Sector Perform and set a new price target of $68.00 from $81.00 previously
Sidoti downgraded Black Hills Corp from Buy to Neutral and set a new price target of $67.00
Mizuho downgraded Black Hills Corp from Neutral to Underperform and set a new price target of $60.00 from $71.00 previously
Scotiabank downgraded Black Hills Corp from Sector Outperform to Sector Perform and set a new price target of $67.00
BofA Securities downgraded Black Hills Corp from Buy to Neutral and set a new price target of $66.00 from $87.00 previously
Mizuho downgraded Black Hills Corp from Buy to Neutral and set a new price target of $76.00 from $71.00 previously
Mizuho upgraded Black Hills from Neutral to Buy and set a new price target of $71.00
Mizuho reiterated coverage of Black Hills with a rating of Neutral and set a new price target of $67.00 from $60.00 previously
Sidoti & Co. reiterated coverage of Black Hills with a rating of Buy and set a new price target of $80.00 from $78.00 previously
Reaffirms 2025 earnings guidance range of $4.00 to $4.20 per share with strong confidence in 4-6% EPS growth rate outlookObtained all rights-of-way for 260-mile electric transmission expansion in Wyoming that will provide long-term cost stability for customers and enable growthServed new all-time peak load at Wyoming Electric, reflecting an increase of nearly 10% over 2024, driven by data center and blockchain growthSeeking $35 million of new annual revenues in Nebraska to continue providing reliable service for customersWildfire legislation enacted in Wyoming protects utilities from liability for damages when following commission-approved wildfire mitigation plans RAPID CITY, S.D., May 07
RAPID CITY, S.D., April 22, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 22, 2025. Common shareholders of record at the close of business on May 16, 2025, will receive $0.676 per share, payable June 1, 2025. The company also confirms that it will release its 2025 first quarter earnings after the market closes Wednesday, May 7, 2025, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 8, 2025, to discuss the company's financial results. To participate by phone and ask a question during the live broadcast, participants can access the ev
RAPID CITY, S.D., April 09, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2025 first-quarter earnings after the market closes Wednesday, May 7, 2025, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 8, 2025, to discuss the company's financial results. To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Q&A. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a personal identification number. To access a listen-only webcast and view presentation slides, please register at Black
Delivered 2024 EPS of $3.91, or 4.3% growth from the midpoint of 2023 earnings guidanceIncreasing five-year capital forecast by 10% to $4.7 billion for 2025 through 2029, including $1.0 billion for 2025Projecting total data center load exceeding one gigawatt from existing customersIncreased quarterly dividend by 4%, extending track record of annual dividend increases to 55 consecutive yearsInitiating 2025 earnings guidance range at $4.00 to $4.20 per share RAPID CITY, S.D., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the fourth quarter and full year ending Dec. 31, 2024. Operating income, net income available for common stock and ea
RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025. "This dividend increase reflects the confidence we have in our team, strategy and long-term growth," said Linn Evans, president and CEO of Black Hills Corp. The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry
RAPID CITY, S.D., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2024 fourth-quarter and full-year earnings after the market closes Wednesday, Feb. 5, 2025, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Feb. 6, 2025, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News and Events," and "Events & Presentations," and click on "Q4 2024 Earnings Conference Call," or access the call directly through one of the options provided below. To participate by phone and ask a question during the live broadcast, participants can access the event direc
Reaffirms 2024 earnings guidance range of $3.80 to $4.00 per shareReceived approval of and implemented new customer rates at Arkansas natural gas utilityFiled settlement agreement for new customer rates at Iowa natural gas utilityCompleted key financing activities for 2024 and achieved long-term capitalization target RAPID CITY, S.D., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the third quarter of 2024. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2024, compared to the three and nine months ended Sept. 30, 2023, were: Three Months Ended Sept. 30, Nine Months Ended Sept.
RAPID CITY, S.D., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held Oct, 28, 2024. Common shareholders of record at the close of business on Nov. 18, 2024, will receive $0.65 per share, payable Dec. 1, 2024. The company also confirms that it will release its 2024 third quarter earnings after the market closes Wednesday, Nov. 6, 2024, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Nov. 7, 2024, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News an
RAPID CITY, S.D., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2024 third quarter earnings after the market closes Wednesday, Nov. 6, 2024, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Nov. 7, 2024, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News and Events," and "Events & Presentations," and click on "Q3 2024 Earnings Conference Call," or access the call directly through one of the options provided below. To participate by phone and ask a question during the live broadcast, participants can access the event directly at https://
RAPID CITY, S.D., July 31, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the second quarter of 2024. Net income available for common stock and earnings per share for the three and six months ended June 30, 2024, compared to the three and six months ended June 30, 2023, were: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in millions, except per share amounts) Net income available for common stock$22.8 $23.1 $150.6 $137.1 Earnings per share, Diluted$0.33 $0.35 $2.19 $2.06 Second quarter earnings were $0.33 per share compared to $0.35 per share in the second quarter of 2023. Financial results were driven by