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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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
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
Mizuho analyst Anthony Crowdell maintains Black Hills (NYSE:BKH) with a Neutral and raises the price target from $53 to $57.
Wells Fargo analyst Sarah Akers maintains Black Hills (NYSE:BKH) with a Equal-Weight and raises the price target from $56 to $61.
Black Hills (NYSE:BKH) reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.83 by 2.19 percent. The company reported quarterly sales of $726.400 million which beat the analyst consensus estimate of $683.040 million by 6.35 percent. This is a 21.15 percent decrease over sales of $921.200 million the same period last year.
Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:BKH) with a Sector Perform and lowers the price target from $58 to $54.
Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:BKH) with a Sector Perform and raises the price target from $57 to $58.
RBC Capital analyst Shelby Tucker maintains Black Hills (NYSE:BKH) with a Sector Perform and lowers the price target from $61 to $57.
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., Oct. 02, 2024 (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, received approval from the Arkansas Public Service Commission of a unanimous settlement agreement for new rates effective with October billing cycles. The new rates are designed to recover approximately $130 million of pipeline system investments since the utility's last general rate filing in 2021. "We are pleased to receive approval of a settlement that supports our long-term commitment to our Arkansas customers and communities to deliver safe and reliable natural gas service," sai
RAPID CITY, S.D., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) announced that it executed a block equity trade through its at-the-market ("ATM") equity offering program to satisfy its equity needs for 2024. For the year, the company received net proceeds of $181.6 million, for a total issuance of 3.3 million shares, which are being used to fund its capital expenditure program and for general corporate purposes. The completion of this transaction achieved the company's previously stated 2024 equity needs of $170 million to $190 million. "Fulfilling our 2024 equity needs supports the execution of our long-term strategic plan," said Linn Evans, president and CEO of Blac
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
RAPID CITY, S.D., July 22, 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 July 22, 2024. Common shareholders of record at the close of business on Aug. 19, 2024, will receive $0.65 per share, payable Sept. 1, 2024. The company also confirms that it will release its 2024 second quarter earnings after the market closes Wednesday, July 31, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 1, 2024, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News
RAPID CITY, S.D., July 11, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced it will partner with Meta to provide power for its newest data center in Cheyenne, Wyoming, an area served by the company's electric utility, Cheyenne Light, Fuel & Power Company, doing business as Black Hills Energy. "Black Hills Energy has been providing energy solutions and mission-critical electric reliability to support data center expansion in Wyoming for more than 10 years now," said Linn Evans, president and CEO of Black Hills Corp. "With our innovative service model and industry-leading reliability, we stand ready to serve Meta with customized energy resources essential to their data
RAPID CITY, S.D., July 10, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2024 second quarter earnings after the market closes Wednesday, July 31, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 1, 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 "Q2 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 09, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that Salvador (Sal) Diaz has been named the new director of investor relations reporting to Kimberly Nooney, senior vice president and chief financial officer, effective immediately. Diaz will replace Jerome Nichols who is retiring on Aug. 5, 2024, after 20 years of service with the company and the last 13 years in the investor relations role. Diaz has more than 20 years of combined investor relations and broad capital markets experience, including equity research and investment banking. He began his career on Wall Street as an investment banking associate at Prudential Securities in New Y
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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
RAPID CITY, S.D., July 22, 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 July 22, 2024. Common shareholders of record at the close of business on Aug. 19, 2024, will receive $0.65 per share, payable Sept. 1, 2024. The company also confirms that it will release its 2024 second quarter earnings after the market closes Wednesday, July 31, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 1, 2024, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News
RAPID CITY, S.D., July 10, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2024 second quarter earnings after the market closes Wednesday, July 31, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 1, 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 "Q2 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., May 08, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the first quarter of 2024. Net income available for common stock and earnings per share for the three months ended March 31, 2024, compared to the three months ended March 31, 2023, were: Three Months Ended March 31, 2024 2023 (in millions, except per share amounts)Net income available for common stock$127.9 $114.1Earnings per share, Diluted$1.87 $1.73 First quarter earnings were $1.87 per share compared to $1.73 per share in the first quarter of 2023, an increase of 8%. Financial results were driven by new rates and rider recovery and lower operating expenses. These
RAPID CITY, S.D., April 22, 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 April 22, 2024. Common shareholders of record at the close of business on May 17, 2024, will receive $0.65 per share, payable June 1, 2024. The company also confirms that it will release its 2024 first quarter earnings after the market closes Wednesday, May 8, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 9, 2024, to discuss the company's financial results. Access the webcast at www.blackhillscorp.com under the "Investor Relations" heading. Select "News and
RAPID CITY, S.D., April 10, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) will announce its 2024 first quarter earnings after the market closes Wednesday, May 8, 2024, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, May 9, 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 "Q1 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://r
Delivered EPS of $3.91, above earnings guidance range of $3.65 to $3.85Improved year-over-year total net debt to capitalization ratio to 57.3% from 60.8%Increased quarterly dividend, extending annual dividend increase track record to 54 consecutive yearsInitiating 2024 EPS guidance range at $3.80 to $4.00Increasing five-year capital forecast by $800 million to $4.3 billion for 2024 through 2028 RAPID CITY, S.D., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced financial results for the fourth quarter of 2023. Net income available for common stock and earnings per share for the three and twelve months ended Dec. 31, 2023, compared to the three and twelve month