Annuncio • Apr 30
Black Hills Corporation announces Quarterly dividend, payable on June 01, 2026 Black Hills Corporation announced Quarterly dividend of USD 0.7030 per share payable on June 01, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Annuncio • Apr 10
Black Hills Corporation to Report Q1, 2026 Results on May 06, 2026 Black Hills Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Annuncio • Mar 20
Black Hills Corporation, Annual General Meeting, Apr 29, 2026 Black Hills Corporation, Annual General Meeting, Apr 29, 2026. Annuncio • Jan 24
Black Hills Corp. Announces Increase in Quarterly Dividend, Payable on March 1, 2026 Black Hills Corp. announced that its board of directors approved a quarterly dividend of $0.703 per share, an increase of $0.027 per share over last quarter’s dividend. Common shareholders of record at the close of business on Feb. 17, 2026, will receive $0.703 per share, payable March 1, 2026. Annuncio • Jan 08
Black Hills Corporation to Report Q4, 2025 Results on Feb 04, 2026 Black Hills Corporation announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Annuncio • Oct 30
Black Hills Corporation Declares Quarterly Dividend on Common Stock, Payable on December 1, 2025 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held October 28, 2025. Common shareholders of record at the close of business on November 17 2025, will receive $0.676 per share, payable December 1, 2025. Annuncio • Oct 09
Black Hills Corporation to Report Q3, 2025 Results on Nov 05, 2025 Black Hills Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annuncio • Aug 19
Black Hills Corporation (NYSE:BKH) entered into definitive agreement to combine with NorthWestern Energy Group, Inc. (NasdaqGS:NWE) for $3.6 billion. Black Hills Corporation (NYSE:BKH) entered into definitive agreement to combine with NorthWestern Energy Group, Inc. (NasdaqGS:NWE) for $3.6 billion on August 18, 2025. The consideration consists of common equity of Black Hills Corporation at a ratio of 0.98 per common equity of NorthWestern Energy Group, Inc. This all-stock, tax-free merger will create a premier regional regulated electric and natural gas utility company with a pro forma market capitalization of approximately $7.8 billion and a combined enterprise value of $15.4 billion. The merger is expected to be accretive to each company’s EPS in the first year following the close of transaction. Upon completion of the merger, Black Hills shareholders will own approximately 56% and NorthWestern shareholders will own approximately 44% of the combined company on a fully diluted basis. The combined company will have a new name and ticker symbol, to be determined prior to the close of the transaction. Upon closing of the transaction, Bird will serve as Chief Executive Officer; Marne Jones will serve as Chief Operating Officer; Crystal Lail will serve as Chief Financial Officer; and Kimberly Nooney will serve as Chief Integration Officer. Linn Evans will continue serving as Chief Executive Officer of Black Hills through the close of the transaction, at which point he will retire. The combined company will be headquartered in Rapid City, South Dakota. The combined company will have a new name and ticker symbol, to be determined prior to the close of the transaction. The operating companies are expected to maintain their current names at transaction closing. Either party would be required to pay to the other a termination fee equal to $100 million in cash, upon termination of the Merger Agreement in certain circumstances.
The transaction is subject to approval from subject to customary closing conditions, clearance under the Hart-Scott Rodino Act, approval from each company's shareholders, and regulatory approvals, including approval from commissions as well as the Federal Energy Regulatory Commission. The effectiveness of a registration statement on Form S-4, the authorization for listing of shares of Black Hills Common Stock to be issued in the Merger on a mutually agreed stock exchange. The deal has been unanimously approved by board of directors of NorthWestern Energy Group, Inc. and Black Hills Corporation, and is expected to close in 12 to 15 months.
Goldman Sachs & Co. LLC acted as financial advisor for Black Hills Corporation. John Marcil, Mike Stanchfield and Brandon Mason of Faegre Drinker Biddle & Reath LLP acted as legal advisor for Black Hills Corporation. Greenhill & Co., Inc. acted as financial advisor for NorthWestern Energy Group, Inc. John G. Klauberg, Morgan, R. Alec Dawson and Andrew L. Milano Lewis & Bockius LLP acted as legal advisor for NorthWestern Energy Group, Inc. Goldman Sachs & Co. LLC acted as financial opinion provider to Black Hills. Greenhill & Co., LLC acted as financial opinion provider to NorthWestern Energy Group. Annuncio • Jul 31
Black Hills Reaffirms Earnings Guidance for 2025 Black Hills reaffirmed earnings guidance for 2025. For the year, the company expects earnings per share available for common stock to be in the range of $4.00 to $4.20. Annuncio • Jul 25
Black Hills Corp. Announces Its Natural Gas Utility Subsidiary in Kansas Receives Approval from the Kansas Corporation Commission of A Unanimous Settlement Agreement for New Rates Black Hills Corp. announced that its natural gas utility subsidiary in Kansas received approval from the Kansas Corporation Commission of a unanimous settlement agreement for new rates. The new rates will provide recovery of approximately $118 million of system investments since the utility’s last general rate filing in 2021 and inflationary impacts on costs of delivering safe and reliable natural gas service. The approved black box settlement agreement will generate approximately $10.8 million of new annual revenues and migrate approximately $4.4 million in annual rider revenue to base rates for a total annual base rate revenue increase of $15.2 million. The new rates will be effective on August 1, 2025. The approved settlement allows the company to continue using the Gas System Reliability Surcharge (GSRS) to fund accelerated, safety-focused pipeline replacement across the state and included approval of a new insurance tracker with deferred accounting treatment. The settlement also includes approval for the company to file an abbreviated case at a later date that includes the addition of capital placed in service through December 31, 2025. Annuncio • Jul 23
Black Hills Corporation Declares Quarterly Dividend on Common Stock, Payable on September 2, 2025 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held July 22, 2025. Common shareholders of record at the close of business on August 18, 2025, will receive $0.676 per share, payable September 2, 2025. Annuncio • Jul 03
Black Hills Corporation to Report Q2, 2025 Results on Jul 30, 2025 Black Hills Corporation announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Annuncio • May 08
Black Hills Corporation Reaffirms Earnings Guidance for 2025 Black Hills Corporation reaffirmed Earnings Guidance for 2025. For the period, the company expects earnings per share available for common stock to be in the range of $4.00 to $4.20. Annuncio • Apr 23
Black Hills Corporation Announces Quarterly Dividend on Common Stock, Payable on June 1, 2025 Black Hills Corporation announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 22, 2025. Common shareholders of record at the close of business on May 16, 2025, will receive $0.676 per share, payable June 1, 2025. Annuncio • Apr 10
Black Hills Corporation to Report Q1, 2025 Results on May 07, 2025 Black Hills Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Annuncio • Mar 17
Black Hills Corporation, Annual General Meeting, Apr 23, 2025 Black Hills Corporation, Annual General Meeting, Apr 23, 2025. Annuncio • Feb 08
Black Hills Corporation Announces Intention to Resign of Erik Keller as Senior Vice President and Chief Information Officer, Effective February 28, 2025 On January 31, 2025, Black Hills Corporation announced Mr. Erik Keller intention to resign as Senior Vice President and Chief Information Officer of Black Hills Corporation, effective February 28, 2025. Annuncio • Feb 06
Black Hills Corporation Provides Earnings Guidance for the Year 2025 Black Hills Corporation provided earnings guidance for the year 2025. For the year 2025, the company expects earnings per share available for common stock to be in the range of $4.00 to $4.20. Annuncio • Jan 25
Black Hills Corporation Announces Increase in Quarterly Dividend, Payable on March 1, 2025 Black Hills Corporation 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 February 18, 2025, will receive $0.676 per share, payable on March 1, 2025. Annuncio • Jan 17
Black Hills Corp. Energizes First Phase of Its Ready Wyoming Electric Transmission Expansion Project Black Hills Corp. 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 approximately 260-mile transmission project will support current and growing energy needs of the company’s Wyoming customers, including data centers, while reducing dependence on third-party transmission systems. Once fully operational, Black Hills’ Wyoming electric system will be interconnected with its South Dakota electric system. This interconnection is expected to provide customers with long-term price stability while enhancing the resiliency of the electric system and expanding access to power markets and renewable energy resources. The 260-mile project is being completed in multiple segments, and the investment will be recovered through the company's transmission rider. The project is on schedule to be fully operational by the end of 2025. When complete, the project will add a total of six new, replacement or expanded substations and will interface with electricity markets to the east and the west. The company received approval for the project from the Wyoming Public Service Commission in 2022 and commenced construction in 2023. Ready Wyoming is expected to contribute more than $100 million of economic benefit to the Wyoming economy. Annuncio • Jan 10
Black Hills Corporation to Report Q4, 2024 Results on Feb 05, 2025 Black Hills Corporation announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.35 (vs US$0.67 in 3Q 2023) Third quarter 2024 results: EPS: US$0.35 (down from US$0.67 in 3Q 2023). Revenue: US$401.6m (down 1.4% from 3Q 2023). Net income: US$24.4m (down 46% from 3Q 2023). Profit margin: 6.1% (down from 11% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Declared Dividend • Nov 01
Second quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 18th November 2024 Payment date: 1st December 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 29
Black Hills Corp. Announces Quarterly Dividend, Payable on December 1, 2024 Black Hills Corporation announced that its board of directors declared a quarterly dividend on the common stock at a meeting held October, 28, 2024. Common shareholders of record at the close of business on Nov. 18, 2024, will receive $0.65 per share, payable December 1, 2024. Annuncio • Oct 10
Black Hills Corporation to Report Q3, 2024 Results on Nov 06, 2024 Black Hills Corporation announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2024 Upcoming Dividend • Aug 12
Upcoming dividend of US$0.65 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 01 September 2024. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.9%). Annuncio • Aug 02
Black Hills Corporation Affirms Earnings Guidance for 2024 Black Hills Corporation affirmed earnings guidance for 2024. The company affirms its guidance for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.35 in 2Q 2023) Second quarter 2024 results: EPS: US$0.33 (down from US$0.35 in 2Q 2023). Revenue: US$402.6m (down 2.1% from 2Q 2023). Net income: US$22.8m (down 1.1% from 2Q 2023). Profit margin: 5.7% (up from 5.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Jul 29
First quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 19th August 2024 Payment date: 1st September 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jul 23
Black Hills Corp. Announces Quarterly Dividend, Payable on September 1, 2024 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held July 22, 2024. Common shareholders of record at the close of business on August 19, 2024, will receive $0.65 per share, payable September 1, 2024. Annuncio • Jul 11
Black Hills Corporation to Report Q2, 2024 Results on Jul 31, 2024 Black Hills Corporation announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Annuncio • Jul 10
Black Hills Corp. Announces Director Changes Black Hills Corp. announced that Salvador (Sal) Diaz has been named the new director of investor relations reporting to Kimberly Nooney, senior vice president and chief financial officer, effective immediately. Diaz will replace Jerome Nichols who is retiring on Aug. 5, 2024, after 20 years of service with the company and the last 13 years in the investor relations role. Diaz has more than 20 years of combined investor relations and broad capital markets experience, including equity research and investment banking. He began his career on Wall Street as an investment banking associate at Prudential Securities in New York, with primary responsibility for valuation and financial modeling and analysis. He later served in both analytical and editorial capacities for sell-side equity research teams at Canadian investment banks CIBC World Markets and National Bank Financial in Toronto. Since 2010, Diaz has focused on investor relations and has represented companies across multiple industries, including a leading Canadian food company, the largest non-franchise auto collision repair company in North America, a group of specialty surgical hospitals, and an assisted living healthcare REIT. He helps executive management teams effectively communicate business strategy, emerging developments, growth opportunities, and financial results to the investment community. Most recently, Diaz was head of investor relations at a pre-IPO digital identity company headquartered in Southern California. Diaz has an MBA from The Wharton School of the University of Pennsylvania, a graduate diploma in computer science from the University of Cambridge, and a degree in industrial engineering from the University of the Philippines. He has completed Levels 1 and 2 of the CFA Program and has earned the Investor Relations Charter™ designation from the National Investor Relations Institute. Upcoming Dividend • May 10
Upcoming dividend of US$0.65 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 01 June 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.5%). Annuncio • May 10
Black Hills Corporation Reaffirms Earnings Guidance for 2024 Black Hills Corporation reaffirmed earnings guidance for 2024. The company affirms its guidance for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$1.88 (vs US$1.73 in 1Q 2023) First quarter 2024 results: EPS: US$1.88 (up from US$1.73 in 1Q 2023). Net income: US$127.9m (up 12% from 1Q 2023). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Apr 25
Fourth quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 16th May 2024 Payment date: 1st June 2024 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 23
Black Hills Corp. Announces Quarterly Dividend, Payable June 1, 2024 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 22, 2024. Common shareholders of record at the close of business on May 17, 2024, will receive $0.65 per share, payable June 1, 2024. Annuncio • Apr 11
Black Hills Corporation to Report Q1, 2024 Results on May 08, 2024 Black Hills Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024 Annuncio • Feb 08
Black Hills Corporation, Annual General Meeting, Apr 23, 2024 Black Hills Corporation, Annual General Meeting, Apr 23, 2024, at 09:30 Central Standard Time. Location: Black Hills' company headquarters located at 7001 Mt. Rushmore Road in Rapid City Rapid City South Dakota United States Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$3.86 (vs US$3.98 in FY 2022) Full year 2023 results: EPS: US$3.86. Revenue: US$2.33b (down 8.6% from FY 2022). Net income: US$262.2m (up 1.5% from FY 2022). Profit margin: 11% (up from 10% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Annuncio • Feb 08
Black Hills Corporation Provides Earnings Guidance for the Year 2024 Black Hills Corporation provided earnings guidance for the year 2024. The company initiates its guidance for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.65 per share at 5.2% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (5.2%). In line with average of industry peers (5.6%). Declared Dividend • Jan 31
Third quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 15th February 2024 Payment date: 1st March 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jan 27
Black Hills Corp. Announces Quarterly Dividend, Payable on March 1, 2024 Black Hills Corp. 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 February 16, 2024, will receive $0.65 per share, payable March 1, 2024. Buying Opportunity • Jan 13
Now 20% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be €61.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 2.5%. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period. Annuncio • Jan 11
Black Hills Corporation to Report Q4, 2023 Results on Feb 07, 2024 Black Hills Corporation announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Upcoming Dividend • Nov 09
Upcoming dividend of US$0.63 per share at 5.0% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.67 (vs US$0.54 in 3Q 2022) Third quarter 2023 results: EPS: US$0.67 (up from US$0.54 in 3Q 2022). Revenue: US$98.4m (down 79% from 3Q 2022). Net income: US$45.4m (up 30% from 3Q 2022). Profit margin: 46% (up from 7.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Nov 02
Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023 Black Hills Corporation reaffirmed earnings guidance for the year 2023. For the year, the company expects earnings per share available for common stock to be in the range of $3.65 to $3.85. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director Barry Granger was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 24
Black Hills Corp. Announces Quarterly Dividend, Payable on December 1, 2023 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held October 23, 2023. Common shareholders of record at the close of business on November 17, 2023, will receive $0.625 per share, payable December 1, 2023. Annuncio • Oct 05
Black Hills Corporation to Report Q3, 2023 Results on Nov 01, 2023 Black Hills Corporation announced that they will report Q3, 2023 results on Nov 01, 2023 Buying Opportunity • Sep 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €63.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is also forecast to grow by 7.4% per annum over the same time period. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.63 per share at 4.3% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 66% and the cash payout ratio is 93%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). Annuncio • Aug 04
Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023 Black Hills Corporation reaffirmed earnings guidance for the year 2023. The company reaffirms its guidance for 2023 earnings per share available for common stock to be in the range of $3.65 to $3.85 based on the follow assumptions: Normal weather conditions within utility service territories including temperatures, precipitation levels and wind conditions; Normal operations and weather conditions for planned construction, maintenance and/or capital investment projects; Constructive and timely outcomes of utility regulatory dockets; No significant unplanned outages at any of generating facilities; Production tax credits of approximately $20 million associated with wind generation assets; Capital investment of approximately $615 million; Equity issuance of $140 million to $160 million through the at-the-market equity offering program; Interest expense of $180 million to $185 million, including debt refinancing activity; and Total operating expense of $600 million to $610 million, excluding fuel, purchased power, cost of natural gas sold, depreciation, depletion and amortization. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.35 (vs US$0.52 in 2Q 2022) Second quarter 2023 results: EPS: US$0.35 (down from US$0.52 in 2Q 2022). Revenue: US$411.3m (down 13% from 2Q 2022). Net income: US$23.1m (down 31% from 2Q 2022). Profit margin: 5.6% (down from 7.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Annuncio • Jul 25
Black Hills Corp. Announces Quarterly Dividend, Payable on September 1, 2023 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held July 24, 2023. Common shareholders of record at the close of business on August 18, 2023, will receive $0.625 per share, payable September 1, 2023. Annuncio • Jul 06
Black Hills Corporation to Report Q2, 2023 Results on Aug 02, 2023 Black Hills Corporation announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Annuncio • Jun 16
Black Hills Corporation Appoints Marne M. Jones as the Senior Vice President Black Hills Corporation announced that the Board of Directors appointed Marne M. Jones as the Senior Vice President - Utilities effective June 15, 2023. Ms. Jones, age 50, has 21 years of service with the Company serving in roles of increasing responsibility in the operations, finance, accounting, and regulatory areas. She has served as the Company’s Vice President – Electric Utilities since July 2021 and Vice President - Regulatory and Finance from June 2018 to July 2021. Annuncio • Jun 15
Black Hills Corporation Announces Executive Appointments Black Hills Corporation announced changes within the company’s senior management team and appointed a new vice president and treasurer. Todd Jacobs is now senior vice president growth and strategy and Marne Jones is now senior vice president utilities, both effective June 15, 2023. Both report directly to Linn Evans, president and CEO. Jacobs, who has more than 16 years of investor-owned utility experience, joined the company in 2014. He has served in roles of increasing responsibility in legal, regulatory, corporate services, operations, corporate development and strategy. In his new role, Jacobs now leads the company’s strategic efforts related to growth, strategy, business development, regulatory, government affairs, sustainability, renewable natural gas, communications and community affairs. Jacobs holds a bachelor’s degree from the Virginia Military Institute, a juris doctor from the University of Missouri-Kansas City and completed an advanced management program (The Executive Program) at the University of Virginia’s Darden School of Business. Jacobs served on active duty for seven years as a U.S. Army officer. Jones joined the company in 2001 and has advanced through roles of increasing responsibility in finance, accounting, corporate services, regulatory and utility operations, and most recently as vice president electric utilities. In her new role, Jones has responsibility for electric and natural gas utility operations, transmission and resource planning, customer service and safety. Jones brings 21 years of utility experience and previous banking experience to her role. She holds a finance degree from the University of Wyoming. The company also announced that it appointed Tom Stevens as vice president and treasurer effective June 15, 2023, reporting to Kimberly Nooney, senior vice president and chief financial officer. Stevens joined Black Hills in 2018 as the director of regulatory and finance and served most recently as vice president regulatory. Stevens brings 15 years of utility industry experience to his new role, including two years with the Arkansas Public Service Commission. He holds a bachelor’s degree in economics/finance from Southwest Baptist University and a Master in Business Administration from Southern Methodist University. Recent Insider Transactions • May 10
Insider recently sold €596k worth of stock On the 8th of May, Richard Kinzley sold around 10k shares on-market at roughly €59.44 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €631k more than they bought in the last 12 months. Annuncio • May 05
Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023 Black Hills Corporation reaffirmed earnings guidance for the year 2023. For 2023 earnings per share available for common stock to be in the range of $3.65 to $3.85. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$1.73 (vs US$1.82 in 1Q 2022) First quarter 2023 results: EPS: US$1.73 (down from US$1.82 in 1Q 2022). Revenue: US$921.2m (up 12% from 1Q 2022). Net income: US$114.1m (down 2.9% from 1Q 2022). Profit margin: 12% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$3.98 (vs US$3.75 in FY 2021) Full year 2022 results: EPS: US$3.98 (up from US$3.75 in FY 2021). Revenue: US$2.55b (up 31% from FY 2021). Net income: US$258.4m (up 9.1% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.63 per share at 3.5% yield Eligible shareholders must have bought the stock before 13 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.9%). Annuncio • Jan 27
Black Hills Corporation Declares Quarterly Dividend, Payable on March 1, 2023 Black Hills Corporation announced that its board of directors approved a quarterly dividend at a meeting held January 25, 2023. Common shareholders of record at the close of business on February 14, 2023, will receive $0.625 per share, payable March 1, 2023. Annuncio • Jan 12
Black Hills Corporation to Report Q4, 2022 Results on Feb 07, 2023 Black Hills Corporation announced that they will report Q4, 2022 results After-Market on Feb 07, 2023 Annuncio • Nov 15
Black Hills Corp. Appoints Courtney Hebert as Vice President-Corporate Controller and Chief Risk Officer Black Hills Corp. announced the appointment of Courtney Hebert to vice president-corporate controller and chief risk officer. Hebert brings more than 20 years of financial experience to his role in accounting, finance, risk, internal audit, internal controls and compliance. He was previously assistant controller and chief risk officer and started with Black Hills two years ago as the director of risk. He brings significant utility experience from various roles at two large utility companies and audit and compliance experience with several public accounting and corporate firms. Hebert is a certified public accountant and a certified information systems auditor. He earned his bachelor’s degree in accounting and master’s degree in management information systems from Texas A&M University. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 16 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.54 (vs US$0.70 in 3Q 2021) Third quarter 2022 results: EPS: US$0.54 (down from US$0.70 in 3Q 2021). Revenue: US$462.6m (up 22% from 3Q 2021). Net income: US$35.0m (down 21% from 3Q 2021). Profit margin: 7.6% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • Nov 03
Black Hills Corporation Affirms Earnings Guidance for the Year 2022; Initiates Earnings Guidance for the Year 2023 Black Hills Corporation affirmed earnings guidance for the year 2022. For the period, company affirmed its guidance for 2022 earnings per share available for common stock to be in the range of $3.95 to $4.15.The company initiated its guidance for 2023 earnings per share available for common stock to be in the range of $4.00 to $4.20. Annuncio • Oct 26
Black Hills Corporation Approves Quarterly Dividend, Payable on December 1, 2022 Black Hills Corp. announced that its board of directors approved a quarterly dividend of $0.625 per share, an increase of $0.03 per share, or 5.0%, over last quarter’s dividend. Common shareholders of record at the close of business on Nov. 17, 2022, will receive $0.625 per share, payable Dec. 1, 2022. Annuncio • Oct 06
Black Hills Corporation to Report Q3, 2022 Results on Nov 02, 2022 Black Hills Corporation announced that they will report Q3, 2022 results After-Market on Nov 02, 2022 Upcoming Dividend • Aug 10
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.8%). Annuncio • Aug 05
Black Hills Corporation Reaffirms Earnings Guidance for the Year 2022 Black Hills Corporation reaffirmed earnings guidance for the year 2022. For the period, company expected earnings per share available for common stock to be in the range of $3.95 to $4.15. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.40 in 2Q 2021) Second quarter 2022 results: EPS: US$0.52 (up from US$0.40 in 2Q 2021). Revenue: US$474.2m (up 27% from 2Q 2021). Net income: US$33.4m (up 33% from 2Q 2021). Profit margin: 7.0% (up from 6.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 11% compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Annuncio • Jul 26
Black Hills Corporation Declares Quarterly Dividend, Payable on September 1, 2022 Black Hills Corporation announced that its board of directors declared a quarterly dividend on the common stock at a meeting held July 25, 2022. Common shareholders of record at the close of business on August 18, 2022, will receive $0.595 per share, payable September 1, 2022. Annuncio • Jul 06
Black Hills Corporation to Report Q2, 2022 Results on Aug 03, 2022 Black Hills Corporation announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Upcoming Dividend • May 10
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (3.3%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.82 (vs US$1.54 in 1Q 2021) First quarter 2022 results: EPS: US$1.82 (up from US$1.54 in 1Q 2021). Revenue: US$823.6m (up 30% from 1Q 2021). Net income: US$117.5m (up 22% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 10% compared to a 1.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Annuncio • May 05
Black Hills Corporation Re-Affirms Earnings Guidance for the Year 2022 Black Hills Corporation re-affirmed earnings guidance for the year 2022. For the year, the company expects earnings per share available for common stock to be in the range of $3.95 to $4.15. Annuncio • Apr 26
Black Hills Corp. Announces Quarterly Dividend, Payable on June 1, 2022 Black Hills Corp. announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 25, 2022. Common shareholders of record at the close of business on May 18, 2022, will receive $0.595 per share, payable June 1, 2022. Annuncio • Apr 14
Black Hills Corporation to Report Q1, 2022 Results on May 04, 2022 Black Hills Corporation announced that they will report Q1, 2022 results After-Market on May 04, 2022 Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.74 (up from US$3.65 in FY 2020). Revenue: US$1.95b (up 15% from FY 2020). Net income: US$236.7m (up 4.0% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is expected to shrink by 1.3% compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Feb 04
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 11 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (3.1%). Board Change • Dec 31
High number of new directors Independent Director Barry Granger was the last director to join the board, commencing their role in 2020. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 01 December 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.3%). Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$0.70 (vs US$0.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$380.6m (up 9.8% from 3Q 2020). Net income: US$44.1m (up 22% from 3Q 2020). Profit margin: 12% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.56 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 01 September 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.5%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$0.40 (vs US$0.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$372.6m (up 14% from 2Q 2020). Net income: US$25.2m (up 20% from 2Q 2020). Profit margin: 6.8% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annuncio • Aug 05
Black Hills Corporation Reaffirms Earnings Guidance for the Full Year 2021 and 2022 Black Hills Corporation reaffirmed earnings guidance for the full year 2021 and 2022. For the year 2021, the company expected earnings per share available for common stock in the range of $3.80 to $4.00.
For the year 2022, the company expected earnings per share available for common stock in a range of $3.95 to $4.15.