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Black Hills Progresses Merger With NorthWestern and Expands Data Center Partnerships for Growth Black Hills reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45 per share, excluding merger-related costs.
The company is progressing its planned merger with NorthWestern Energy, with shareholder approvals in place and several key regulatory and antitrust hurdles cleared ahead of an expected closing in the second half of 2026.
Large load growth from hyperscale data centers is feeding into the utility’s plans, including a short-term agreement to reserve generation equipment for a 1.8-gigawatt data center project in Cheyenne and an expectation that 600 MW of data center demand could represent over 10% of consolidated load by 2030.
For investors, the reaffirmed 2026 EPS guidance provides a reference point for how management currently sees the earnings impact of its ongoing projects and the pending merger, excluding one-off merger expenses. The data center agreements and load outlook highlight how Black Hills is positioning its electric utilities around power-intensive customers, which can influence capital needs, resource planning and the long-term revenue mix.
Progress on the NorthWestern Energy merger, including shareholder approvals and constructive settlements in Montana, South Dakota and Nebraska, reduces some deal-related uncertainty but still depends on final regulatory outcomes and timing. At the same time, Black Hills is moving forward with multiple rate reviews and focusing on operating and maintenance cost discipline, which are key levers for returns on its growing asset base and for how cash flows might support future investment plans. Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$1.74 (down from US$1.88 in 1Q 2025). Revenue: US$780.7m (down 3.0% from 1Q 2025). Net income: US$131.0m (down 2.5% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Declared Dividend • May 01
Fourth quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 15th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% 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 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • Mar 20
Black Hills Corporation, Annual General Meeting, Apr 29, 2026 Black Hills Corporation, Annual General Meeting, Apr 29, 2026. Upcoming Dividend • Feb 11
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 17 February 2026. Payment date: 01 March 2026. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.1%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 05
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$4.00 (up from US$3.91 in FY 2024). Revenue: US$2.31b (up 8.6% from FY 2024). Net income: US$291.6m (up 6.8% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jan 28
Third quarter dividend increased to US$0.70 Dividend of US$0.70 is 4.0% higher than last year. Ex-date: 17th February 2026 Payment date: 1st March 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% 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 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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 Price Target Changed • Nov 26
Price target increased by 7.5% to US$75.00 Up from US$69.75, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$72.99. Stock is up 14% over the past year. The company is forecast to post earnings per share of US$4.11 for next year compared to US$3.91 last year. Recent Insider Transactions • Nov 13
Senior VP & CFO recently sold US$1.0m worth of stock On the 10th of November, Kimberly Nooney sold around 15k shares on-market at roughly US$70.70 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kimberly's only on-market trade for the last 12 months. Price Target Changed • Nov 07
Price target increased by 7.3% to US$73.50 Up from US$68.50, the current price target is an average from 4 analysts. New target price is 5.4% above last closing price of US$69.72. Stock is up 15% over the past year. The company is forecast to post earnings per share of US$4.11 for next year compared to US$3.91 last year. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: US$0.34. Revenue: US$430.2m (up 7.1% from 3Q 2024). Net income: US$24.9m (up 2.0% from 3Q 2024). Profit margin: 5.8% (down from 6.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in the US. Declared Dividend • Oct 31
Second quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% 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 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Upcoming Dividend • Aug 11
Upcoming dividend of US$0.68 per share Eligible shareholders must have bought the stock before 18 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.3%). Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.38 (up from US$0.33 in 2Q 2024). Revenue: US$439.0m (up 9.0% from 2Q 2024). Net income: US$27.5m (up 21% from 2Q 2024). Profit margin: 6.3% (up from 5.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Tillkännagivande • 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. Declared Dividend • Jul 25
First quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 18th August 2025 Payment date: 2nd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% 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 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Upcoming Dividend • May 10
Upcoming dividend of US$0.68 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 01 June 2025. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.5%). Reported Earnings • May 09
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$1.88 (up from US$1.88 in 1Q 2024). Revenue: US$805.2m (up 11% from 1Q 2024). Net income: US$134.3m (up 5.0% from 1Q 2024). Profit margin: 17% (in line with 1Q 2024). Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Tillkännagivande • 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. Declared Dividend • Apr 25
Fourth quarter dividend of US$0.68 announced Shareholders will receive a dividend of US$0.68. Ex-date: 16th May 2025 Payment date: 1st June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% 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 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • Mar 17
Black Hills Corporation, Annual General Meeting, Apr 23, 2025 Black Hills Corporation, Annual General Meeting, Apr 23, 2025. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.68 per share Eligible shareholders must have bought the stock before 18 February 2025. Payment date: 01 March 2025. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.5%). Tillkännagivande • 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. Reported Earnings • Feb 06
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$3.91 (in line with FY 2023). Revenue: US$2.13b (down 8.7% from FY 2023). Net income: US$273.1m (up 4.2% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Tillkännagivande • 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. Declared Dividend • Jan 30
Third quarter dividend increased to US$0.68 Dividend of US$0.68 is 4.0% higher than last year. Ex-date: 18th February 2025 Payment date: 1st March 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (206% 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 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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: Revenues exceed analysts expectations while EPS lags behind 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 exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% 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 4.4%, which is higher than the industry average of 4.1%. 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. Tillkännagivande • 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. Tillkännagivande • 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%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.6%). Tillkännagivande • 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 5.2% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 25
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 4.4%, which is higher than the industry average of 4.1%. 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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: 4.6%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.7%). Tillkännagivande • 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 the US are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • 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.