Black Hills Corp. Completes 2025 Equity Issuances

Core Points - Black Hills Corp. executed a block equity trade through its at-the-market equity offering program to meet its remaining equity needs for 2025 [1] - The company raised net proceeds of $219.6 million by issuing 3.7 million shares, which will fund its $1.0 billion capital expenditure program for 2025 and general corporate purposes [2] - The completion of this transaction aligns with the company's previously stated equity issuance range of $215 million to $235 million for 2025 [2] - The financing supports the execution of the company's long-term strategic plan, including growth initiatives such as the Ready Wyoming electric transmission expansion project and the Lange II 99 MW dispatchable generation resource [3] Company Overview - Black Hills Corp. is a growth-oriented utility company based in Rapid City, South Dakota, serving 1.35 million natural gas and electric utility customers across eight states [4]