Black Hills (US:BKH)2025-05-08 11:21Financial Performance & Outlook - Black Hills Corporation reaffirmed its 2025 EPS guidance range of $4.00 to $4.20[8] - The company is targeting a long-term EPS growth of 4% to 6% based off a 2023 base of $3.75 per share[8, 9] - Black Hills anticipates a capital investment of $1 billion in 2025 and $4.7 billion from 2025 to 2029[8] - The company targets a dividend payout ratio of 55% to 65%[8] Capital Investments & Growth Initiatives - Black Hills forecasts a capital investment of $4.7 billion from 2025 to 2029, with significant portions allocated to customer growth, system integrity, and modernization programs[10, 14] - The company expects to serve approximately 500 MW of data center demand by year-end 2029 through innovative tariffs with minimal capital investment[17] - Black Hills is making progress on the Ready Wyoming 260-mile electric transmission project, with the first phase completed and on track for completion by year-end 2025, the first phase cost about $40 million of the total $350 million project[50, 42] Regulatory & Operational Updates - New rates for Colorado Electric have been implemented, and gas rate reviews are actively being executed in Kansas and Nebraska[6, 58] - Wyoming HB192 was enacted, limiting wildfire-related liability[5, 62] - The company is adding 99 MW of dispatchable natural gas generation in 2026 (Lange II)[55]