Moussa81Utility stocks haven't been crowd favorites over the past 12+ months, as higher interest rates and the tech rally have turned sentiment against this perceived slower-growth sector along with REITs and consumer staples. This is not bad news for dividend investors, however, as it gives them the opportunity to layer into quality names at below average valuations. Such I find the case to be with Black Hills Corp. (NYSE:BKH), which as shown below is down by 27% over the past 12 months and is trading ...

Passive income is probably what you want if you're trying to live off your nest egg in retirement. That means you'll be looking at dividend-paying stocks. Three that should be on your radar screen today are Black Hills (BKH -0.39%), Chevron (CVX 0.38%), and Enterprise Products Partners (EPD 0.37%). Here's why.1. Black Hills is a high-yield Dividend KingThere's nothing exciting about Black Hills. And that's exactly why the stock, and its generous 4.8% dividend yield, are so interesting. For starters, the com ...

RAPID CITY, S.D., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced that its board of directors approved a quarterly dividend of $0.65 per share, an increase of $0.025 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 16, 2024, will receive $0.65 per share, payable March 1, 2024. "This dividend increase showcases our long-standing commitment to reward shareholders with a sustainable, growing dividend," said Linn Evans, preside ...

Some companies are just boring. They operate in dull industries where not much excitement happens. Because of that, they slowly plod along, often paying attractive dividends along the way. However, slow and steady can win over the long term. That's why some Fool.com contributors are rather excited about the total return potential of Black Hills Corporation (BKH -0.83%), Enbridge (ENB 0.60%), and Enterprise Products Partners (EPD 0.78%). While they operate in sleepy sectors of the energy industry, they have ...

RELIABLE COMPANY INFORMATION RESILIENT READY. ck Hills Corporation Ready Forward-looking Statements P.O. Box 1400 Rapid City, SD 57709-1400 NYSE Ticker: BKH www.blackhillscorp.com The accuracy of our assumptions on which our earnings guidance and growth target are based; Company Contacts Our ability to complete our capital program in a cost-effective and timely manner; Our ability to execute on our strategy; Our ability to successfully execute our financing plans; Our ability to achieve our greenhouse gas e ...

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $0.67 for Q3 2023, up from $0.54 in the same period last year, driven by new rates, solid expense management, and higher-than-planned interest income [17][18] - The net debt to total capitalization improved by 300 basis points from 60.8% at year-end 2022 to 57.8% as of September 30, 2023 [22] - The company expects to deliver results at the top end of its 2023 earnings guidance range, with a long-term EPS growth target of 4% to 6% [14][54] Business Line Data and Key Metrics Changes - Electric utility margins improved primarily due to $0.18 per share from new rates and rider recovery, and $0.09 from transmission services and off-system energy sales [27] - Gas utilities benefited from $0.12 of new rates and rider recovery margin, and $0.04 from residential growth and usage, but faced challenges from weather impacts and changes in natural gas commodity contracts [20][21] Market Data and Key Metrics Changes - The company experienced a 10th consecutive year of new peak customer loads for its Wyoming Electric system, with a peak of 312 megawatts, reflecting a nearly 70% increase over the last decade [11] - The company is optimistic about growth in the Cheyenne region, particularly in data centers and blockchain industries [12][51] Company Strategy and Development Direction - The company is focused on three key objectives: delivering earnings in line with guidance, strengthening the balance sheet, and advancing regulatory plans and growth initiatives [9][10] - A five-year capital plan totaling $3.5 billion has been established, with ongoing updates expected in the Q4 earnings call [15][48] - The company is pursuing a strategic initiative to add 500 megawatts of renewable resources to its systems by 2030 [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the top end of the earnings guidance for 2023, citing strong operational performance and effective cost management [54] - The company is aware of macroeconomic challenges, including rising interest rates and inflation, and has incorporated these factors into its growth projections [60][61] Other Important Information - The company has been recognized for its reliability, with all three electric utilities acknowledged as among the most reliable in the country [9] - Wildfire mitigation efforts are a priority, with a comprehensive approach to managing risks and ensuring system reliability [37][39] Q&A Session Summary Question: Can you discuss the 2024 outlook and confidence in growth? - Management reaffirmed a growth target of 4% to 6% based on 2023 guidance, considering macroeconomic challenges and capital growth opportunities [57][60] Question: What updates can be expected in Q4 regarding projects? - Management indicated that updates on various long-term initiatives, including the Clean Energy Plan and resource additions, will be provided in Q4 [63][66] Question: Are there any other rate cases planned for 2024? - Management confirmed ongoing rate reviews in Wyoming, Colorado, and Arkansas, with an expectation of filing about three rate reviews per year [79][81]

Earnings per share, as adjusted and earnings from continuing operations, per share, as adjusted We embrace change and challenge ourselves to adapt quickly to opportunities. Leadership is an attitude. Everyone must demonstrate the care and initiative to do things right. 200400 Our Gas and Electric Utility margin measure may not be comparable to other companies' Gas and Electric Utility margin measures. Furthermore, this measure is not intended to replace operating income as determined in accordance with GAAP ...

Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $0.35 for Q2 2023, down from $0.52 in the same period last year, primarily due to higher operating expenses and increased interest expense [20][21][22] - Operating and maintenance (O&M) expenses increased by 8.2% year-over-year, driven by inflationary impacts on labor costs and benefits [22] - The company improved its net debt to total capitalization by 250 basis points to 58.2% [25] Business Line Data and Key Metrics Changes - Higher utility margins contributed $0.09 of EPS from new rates and investment riders, and $0.04 from transmission services and off-system energy sales [21] - The company is executing on its electric resource plans in Colorado and South Dakota, aiming to add a combined 500 megawatts of renewable resources [27][34] Market Data and Key Metrics Changes - The company is experiencing strong customer growth in service territories, particularly in Northwest Arkansas and the Front Range of Colorado [82] - The company is actively pursuing renewable natural gas (RNG) projects, with six interconnects already in service and three more nearing completion [47] Company Strategy and Development Direction - The company aims to achieve net zero emissions by 2035 for its natural gas systems and reduce electric emissions by 70% by 2040 [48][49] - The capital forecast for 2024 is projected to exceed $800 million, driven by strategic project deferrals and ongoing investments in infrastructure [41][99] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the midrange of EPS guidance despite inflationary pressures and higher O&M costs [55][60] - The company is focused on managing controllable expenses and leveraging strong cash flows from operations to support its financial objectives [58][66] Other Important Information - The company plans to issue $140 million to $160 million of equity through its ATM program and has improved liquidity by paying down short-term debt [23][30] - The company is in the execution phase of its regulatory plan, with two natural gas rate reviews in progress [40] Q&A Session Summary Question: What are the expectations for 2024? - Management indicated that inflationary challenges are impacting guidance, but they are focused on managing controllable O&M costs to achieve midrange guidance for 2023 [55][56] Question: What is prompting the rate case filing in Arkansas? - The rate case is driven by significant investments in growing communities in Northwest Arkansas, with expected rates effective around the same time next year [76] Question: How is the company approaching investments in RNG and regulated-like businesses? - The company is exploring opportunities in RNG interconnects while primarily focusing on regulated assets, with a dedicated team evaluating potential investments [77]

Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues: | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|-------|---------|-------|---------|-------|------------|-------|------------| | | | | | | | | | | | Electric Utilities | | | | | | | | | | External Customers | $ | 190,212 | $ | 201,450 | $ | 406,105 | $ | 405,059 | | Inter-segment | | 2,861 | | 2,929 | | 5,677 | | 5,858 | | Total Electric Utilities Revenue | | 193,073 | | 204,379 | ...

Black Hills Corporation (NYSE:BKH) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Dave Soderquist – Manager-Investor Relations Linn Evans – President and Chief Executive Officer Kimberly Nooney – Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Andrew Weisel – Scotiabank Brandon Lee – Mizuho Operator Good day and thank you for standing by. Welcome to the First Quarter 2023 Black Hills Corporation earnings Conference call. At this time, ...