RAPID CITY, S.D., June 11, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its South Dakota electric utility subsidiary serving South Dakota and eastern Wyoming has received approval from the Wyoming Public Service Commission for a certificate of public convenience and necessity (CPCN) that supports the need for its Lange II Project, a 99 MW dispatchable generation resource in Rapid City, South Dakota. The approval allows commencement of construction of the project, which address ...

Here's why you might want to buy high-yield utility stocks like Dominion Energy (D 0.79%) and Black Hills (BKH 0.95%) right now. That's six times the increase that was seen in the previous 20-year period. The big driver behind this shift is threefold: Artificial intelligence (AI), data centers, and electric vehicles (EVs). Over the next decade, demand from AI and data centers is expected to increase by 300%. By 2050, demand from EVs is expected to rocket higher by 9,000%. This is a no-brainer opportunity fo ...

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Black Hills (BKH) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Salvador Diaz - Director of Investor RelationsLinden Evans - Board Member, President & CEOKimberly Nooney - Senior VP & CFOMarne Jones - Senior Vice President of UtilitiesAndrew Weisel - DirectorRoss Fowler - Head - North America Power & Utilities Equity ResearchAnthony Crowdell - Managing Director Conference Call Participants Brian Russo - Analyst Operator Good day, and thank you for standing by. Welcome to the Q1 twenty ...

Black Hills (BKH) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Salvador Diaz - Director of Investor RelationsLinden Evans - Board Member, President & CEOKimberly Nooney - Senior VP & CFOMarne Jones - Senior Vice President of UtilitiesAndrew Weisel - DirectorRoss Fowler - Head - North America Power & Utilities Equity ResearchAnthony Crowdell - Managing Director Conference Call Participants Brian Russo - Analyst Operator Good day, and thank you for standing by. Welcome to the Q1 twenty ...

Black Hills (BKH) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q1 twenty twenty five Black Hills Corporation Earnings Conference Call. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question and answer session. I would now like to hand the conference over to your speaker today, Sal Diaz, Director of Investor Relations. Sp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-31303 Black Hills Corporation Incorporated in South Dakota IRS Identification Number 46-0458824 700 ...

2025 First Quarter Review May 8, 2025 Forward-looking Statements COMPANY INFORMATION Black Hills Corporation P.O. Box 1400 Rapid City, SD 57709-1400 NYSE Ticker: BKH www.blackhillscorp.com Company Contacts Kimberly Nooney Senior Vice President and CFO 605-721-2370 kim.nooney@blackhillscorp.com Sal Diaz Director of Investor Relations 605-399-5079 sal.diaz@blackhillscorp.com This presentation includes "forward-looking statements" as defined by the Securities and Exchange Commission. We make these forward- loo ...

Financial Performance - Operating income for Q1 2025 was $205.0 million, up from $193.3 million in Q1 2024, reflecting a growth of approximately 6.5%[2] - Net income available for common stock increased to $134.3 million in Q1 2025 from $127.9 million in Q1 2024, representing a growth of about 3.4%[2] - Earnings per share (EPS) remained stable at $1.87 for both Q1 2025 and Q1 2024[2] - The company reaffirmed its 2025 EPS guidance range of $4.00 to $4.20, indicating a projected annual growth rate of 5%[3][7] - Total revenue for the three months ended March 31, 2025, was $236.7 million, an increase of 6.8% from $222.2 million in the same period of 2024[21] Revenue Growth - New electric rates in Colorado are expected to generate $17.5 million in annual revenue, effective from May 2025[8] - The company is pursuing $35 million in new annual revenues in Nebraska to enhance service reliability[7] - Retail revenue from residential customers increased to $66.4 million in Q1 2025, up 6.2% from $62.5 million in Q1 2024[21] - Gas utilities reported total revenue of $572.4 million for Q1 2025, a 12.5% increase from $508.7 million in Q1 2024[26] - Retail revenue from residential gas customers rose to $344.1 million in Q1 2025, up 15.5% from $297.8 million in Q1 2024[26] Operational Highlights - Wyoming Electric experienced a nearly 10% increase in peak load, reaching an all-time high, driven by data center and blockchain growth[7] - The total quantities sold for electric utilities reached 1,889.4 GWh in Q1 2025, representing a 6.1% increase from 1,780.0 GWh in Q1 2024[21] - The total quantities sold and transported for gas utilities increased to 96.1 Dth million in Q1 2025, compared to 88.4 Dth million in Q1 2024[26] - The availability of coal generating facilities decreased to 86.3% in Q1 2025 from 95.6% in Q1 2024[24] - The company reported a 7% increase in heating degree days for Colorado Electric in Q1 2025 compared to the previous year[23] Capital Projects and Investments - The Ready Wyoming transmission expansion project, a 260-mile initiative, is on track for completion by year-end 2025, with a total investment of $350 million[11] - Black Hills plans to serve 500 megawatts of data center demand by the end of its five-year plan, contributing over 10% to earnings by 2028[5] Shareholder Returns - The board approved a quarterly dividend of $0.676 per share, marking 55 consecutive years of increases[11] Regulatory and Investor Engagement - The company emphasizes the importance of regulatory proceedings for cost recovery and the execution of its capital program[34] - The company plans to participate in the 2025 AGA Financial Forum from May 18 to May 20, 2025, to engage with investors and analysts[33]

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 servic ...