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) -- ...

Core Viewpoint - Black Hills Corp. has filed a rate review application with the Kansas Corporation Commission to recover capital infrastructure and operational costs for its natural gas utility serving 120,000 customers in Kansas [1] Investment and Infrastructure - Since the last general rate filing in 2021, Black Hills Energy has invested approximately $118 million in safety, reliability, and system integrity for over 4,765 miles of natural gas pipeline infrastructure in Kansas [2] - These investments are essential for system growth, ensuring safe and reliable natural gas delivery, and meeting compliance with state and federal regulations [2] Rate Review Proposal - The company is requesting an estimated $17.2 million per year in additional revenue, along with approximately $4.4 million of rider revenue rolled into base rates, resulting in a total annual base rate revenue increase of $21.6 million [3] - The proposal is based on a capital structure of 50.44% equity and 49.56% debt, with a return on equity of 10.50% [3] - New rates are being sought for implementation in the second half of 2025 [3] Gas System Reliability Surcharge - The rate application allows the continued use of the Gas System Reliability Surcharge (GSRS) to fund accelerated, safety-focused pipeline replacement across Kansas [4] - This application fulfills the requirement to file a general rate case in Kansas by the end of 2026, ensuring eligibility for future GSRS filings [4] Company Overview - Black Hills Corp. is a customer-focused, growth-oriented utility company serving 1.34 million natural gas and electric utility customers across eight states [5]

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 H ...

Black Hills Corp. (BKH) 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 company received approval for the project from the Wyoming Public Service Commission in 2022 and commenced construction in 2023.The largest electric transmission project in Black Hills' history, Ready Wyoming demonstrates the company’s dedication to meeting the expanding ene ...

Even after the broad market pullback in recent days, the S&P 500 is still only offering investors a miserly 1.2% yield or so. You can do way better than that with these three stocks, all of which offer yields of more than 4%. Here's why Chevron (CVX 0.91%), Black Hills (BKH 0.80%), and Enterprise Products Partners (EPD -0.33%) are no-brainer high yielders right now whether you have $200 or $200,000 to invest.1. Chevron has it all, at least for an energy stockChevron's dividend yield is roughly 4.2% today. T ...

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 supp ...

Black Hills Corporation (NYSE: BKH ) is a utilities company that generates its earnings from their electric utilities and natural gas segments. BKH has a public inception dating all the way back to 1995, meaning that we have overFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeki ...

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 Ca ...

Utilities are generally considered safe income investment vehicles. Back in the day, they used to be called widow-and-orphan stocks on Wall Street. That said, there are very different ways you can invest for dividends in the utility sector and some of these stocks now have broader appeal than just the widows and orphans.Three of the best utility stock options today are Black Hills (BKH 0.55%), NextEra Energy (NEE -1.06%), and Dominion Energy (D 0.68%), but each one is attractive for a very (very!) different ...

RAPID CITY, S.D., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility’s last general rate filing in 2021. “We are pleased to receive approval of a settlement th ...