Black Hills Corp. Completes 2024 Equity Issuances

Core Viewpoint - Black Hills Corp. has successfully executed a block equity trade to meet its equity needs for 2024, raising $181.6 million through the issuance of 3.3 million shares, which will support its capital expenditure program and general corporate purposes [1][2]. Group 1: Financial Details - The company received net proceeds of $181.6 million from the equity offering, fulfilling its equity needs for 2024, which were estimated between $170 million and $190 million [2]. - The total issuance involved 3.3 million shares, which will be utilized for funding capital expenditures and other corporate needs [2]. Group 2: Strategic Initiatives - The financing obtained will support the execution of the company's long-term strategic plan, including growth initiatives like the Ready Wyoming electric transmission expansion project and investments in safety and integrity [3]. - The company aims to provide safe, reliable, and cost-effective energy to its 1.34 million customers across eight states [3].