BKH 8-K
Black Hills Corp /Sd/ (BKH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 30, 2025, Black Hills Corporation ("the Company") issued a press release announcing financial results for the second quarter of 2025.
The press release is attached as Exhibit 99 to this Form 8-K. This information is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
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Description |
99 |
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104 |
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Cover Page Interactive Data File (formatted as the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BLACK HILLS CORPORATION |
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Date: |
July 30, 2025 |
By: |
/s/ Kimberly F. Nooney |
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Kimberly F. Nooney |
Black Hills Corp. Reaffirms 2025 Earnings Guidance and Reports 2025 Second-Quarter Results
RAPID CITY, S.D. — July 30, 2025 — Black Hills Corp. (NYSE: BKH) today announced financial results for the second quarter ending June 30, 2025. Operating income, net income available for common stock and earnings per share for the three and six months ended June 30, 2025, compared to the three and six months ended June 30, 2024, were:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(in millions, except per share amounts) |
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Operating Income |
$ |
82.5 |
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$ |
70.6 |
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$ |
287.4 |
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$ |
264.0 |
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Net income available for common stock |
$ |
27.5 |
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$ |
22.8 |
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$ |
161.7 |
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$ |
150.6 |
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Earnings per share, Diluted |
$ |
0.38 |
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$ |
0.33 |
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$ |
2.24 |
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$ |
2.19 |
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Earnings of $0.38 per share compared to $0.33 per share for the second quarter of 2024 benefited from new rates and rider recovery, and milder weather in the prior year, which were partially offset by higher operating expenses, financing and depreciation costs.
“We delivered strong earnings and achieved key milestones for our regulatory and growth initiatives,” said Linn Evans, president and CEO of Black Hills Corp. “We are maintaining our solid financial credit metrics and executing on our $1 billion capital plan for this year to serve our customers and support our long-term growth strategy. I'm pleased with the relentless focus of our team in advancing our strategy and remaining on track to achieve our 2025 earnings guidance that represents 5% year-over-year growth at the midpoint.
“We are successfully executing on our plan to deliver in the upper half of our long-term 4% to 6% growth target as we complete and advance our pipeline of key regulatory and growth initiatives. Our $350-million Ready Wyoming electric transmission project is on track for completion by year-end 2025, and during the second half of 2026 our $280-million Lange II generation project in South Dakota is planned to be in service. Meta's new data center site is under construction in Wyoming, which will contribute to our forecast of more than 10% of our EPS from data centers by 2028. Additionally, upside potential from data centers, blockchain demand and other organic growth in our service territories will drive transmission and generation investment opportunities further supporting our long-term growth trajectory,” concluded Evans.
SECOND-QUARTER 2025 HIGHLIGHTS AND RECENT UPDATES
Electric Utilities
Gas Utilities
Corporate and Other
2025 EARNINGS GUIDANCE REAFFIRMED
Black Hills reaffirms its guidance for 2025 earnings per share available for common stock to be in the range of $4.00 to $4.20, based on the following assumptions issued on Feb. 5, 2025:
2
BLACK HILLS CORPORATION
CONSOLIDATED FINANCIAL RESULTS
(Minor differences may result due to rounding)
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(in millions, except per share amount) |
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Revenue |
$ |
439.0 |
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$ |
402.6 |
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$ |
1,244.2 |
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$ |
1,129.0 |
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Operating expenses: |
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Fuel, purchased power and cost of natural gas sold |
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124.0 |
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107.1 |
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483.8 |
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423.7 |
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Operations and maintenance |
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147.6 |
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141.7 |
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301.3 |
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275.2 |
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Depreciation and amortization |
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69.8 |
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66.6 |
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139.0 |
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132.5 |
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Taxes other than income taxes |
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15.1 |
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16.6 |
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32.7 |
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33.6 |
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Total operating expenses |
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356.5 |
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332.0 |
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956.8 |
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865.0 |
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Operating income |
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82.5 |
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70.6 |
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287.4 |
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264.0 |
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Interest expense, net |
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(48.9 |
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(42.6 |
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(100.3 |
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(86.7 |
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Other income (expense), net |
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(0.4 |
) |
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0.4 |
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0.6 |
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(0.5 |
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Income tax benefit (expense) |
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(4.4 |
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(3.7 |
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(22.5 |
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(20.6 |
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Net income |
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28.8 |
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24.7 |
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165.2 |
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156.2 |
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Net income attributable to non-controlling interest |
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(1.3 |
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(1.9 |
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(3.5 |
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(5.6 |
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Net income available for common stock |
$ |
27.5 |
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$ |
22.8 |
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$ |
161.7 |
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$ |
150.6 |
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Weighted average common shares outstanding: |
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Basic |
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72.4 |
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69.0 |
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72.0 |
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68.6 |
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Diluted |
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72.4 |
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69.0 |
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72.1 |
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68.7 |
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Earnings per share: |
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Earnings Per Share, Basic |
$ |
0.38 |
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$ |
0.33 |
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$ |
2.25 |
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$ |
2.20 |
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Earnings Per Share, Diluted |
$ |
0.38 |
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$ |
0.33 |
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$ |
2.24 |
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$ |
2.19 |
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3
CONSOLIDATING INCOME STATEMENTS
(Minor differences may result due to rounding)
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Consolidating Income Statement |
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Three Months Ended June 30, 2025 |
Electric Utilities |
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Gas Utilities |
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Corporate and Other |
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Total |
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(in millions) |
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Revenue |
$ |
219.9 |
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$ |
223.0 |
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$ |
(3.9 |
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$ |
439.0 |
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Fuel, purchased power and cost of natural gas sold |
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55.3 |
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68.9 |
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(0.2 |
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124.0 |
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Operations and maintenance |
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69.2 |
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80.1 |
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(1.7 |
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147.6 |
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Depreciation and amortization |
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37.5 |
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32.3 |
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- |
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69.8 |
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Taxes other than income taxes |
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8.9 |
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6.2 |
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- |
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15.1 |
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Operating income |
$ |
49.0 |
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$ |
35.5 |
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$ |
(2.0 |
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$ |
82.5 |
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Interest expense, net |
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(48.9 |
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Other income (expense), net |
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(0.4 |
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Income tax benefit (expense) |
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(4.4 |
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Net income |
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28.8 |
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Net income attributable to non-controlling interest |
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(1.3 |
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Net income available for common stock |
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$ |
27.5 |
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Consolidating Income Statement |
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Three Months Ended June 30, 2024 |
Electric Utilities |
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Gas Utilities |
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Corporate and Other |
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Total |
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(in millions) |
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Revenue |
$ |
205.1 |
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$ |
202.0 |
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$ |
(4.5 |
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$ |
402.6 |
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Fuel, purchased power and cost of natural gas sold |
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45.9 |
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61.3 |
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(0.1 |
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107.1 |
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Operations and maintenance |
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68.1 |
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79.3 |
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(5.7 |
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141.7 |
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Depreciation and amortization |
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35.5 |
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31.1 |
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- |
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66.6 |
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Taxes other than income taxes |
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9.3 |
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7.3 |
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- |
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16.6 |
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Operating income |
$ |
46.3 |
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$ |
23.0 |
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$ |
1.3 |
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$ |
70.6 |
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Interest expense, net |
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(42.6 |
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Other income (expense), net |
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0.4 |
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Income tax benefit (expense) |
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(3.7 |
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Net income |
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24.7 |
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Net income attributable to non-controlling interest |
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(1.9 |
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Net income available for common stock |
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$ |
22.8 |
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Three Months Ended June 30, 2025, Compared to the Three Months Ended June 30, 2024
4
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Consolidating Income Statement |
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Six Months Ended June 30, 2025 |
Electric Utilities |
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Gas Utilities |
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Corporate and Other |
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Total |
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(in millions) |
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Revenue |
$ |
456.6 |
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$ |
795.4 |
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$ |
(7.8 |
) |
$ |
1,244.2 |
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|
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|
|
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|
||||
Fuel, purchased power and cost of natural gas sold |
|
122.5 |
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|
361.4 |
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(0.1 |
) |
|
483.8 |
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Operations and maintenance |
|
138.0 |
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|
168.1 |
|
|
(4.8 |
) |
|
301.3 |
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Depreciation and amortization |
|
74.6 |
|
|
64.4 |
|
|
- |
|
|
139.0 |
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Taxes other than income taxes |
|
18.2 |
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|
14.5 |
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|
- |
|
|
32.7 |
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Operating income |
$ |
103.3 |
|
$ |
187.0 |
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$ |
(2.9 |
) |
$ |
287.4 |
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|
|
|
|
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|
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Interest expense, net |
|
|
|
|
|
|
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(100.3 |
) |
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Other income (expense), net |
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|
|
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0.6 |
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Income tax benefit (expense) |
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|
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(22.5 |
) |
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Net income |
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|
|
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|
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|
165.2 |
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Net income attributable to non-controlling interest |
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|
|
|
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(3.5 |
) |
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Net income available for common stock |
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|
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$ |
161.7 |
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Consolidating Income Statement |
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Six Months Ended June 30, 2024 |
Electric Utilities |
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Gas Utilities |
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Corporate and Other |
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Total |
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(in millions) |
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Revenue |
$ |
427.3 |
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$ |
710.6 |
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$ |
(8.9 |
) |
$ |
1,129.0 |
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|
|
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|
|
|
|
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Fuel, purchased power and cost of natural gas sold |
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100.8 |
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|
323.2 |
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(0.3 |
) |
|
423.7 |
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Operations and maintenance |
|
125.5 |
|
|
157.9 |
|
|
(8.2 |
) |
|
275.2 |
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Depreciation and amortization |
|
70.8 |
|
|
61.5 |
|
|
0.2 |
|
|
132.5 |
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Taxes other than income taxes |
|
19.3 |
|
|
14.3 |
|
|
- |
|
|
33.6 |
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Operating income |
$ |
110.9 |
|
$ |
153.7 |
|
$ |
(0.6 |
) |
$ |
264.0 |
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|
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|
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Interest expense, net |
|
|
|
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(86.7 |
) |
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Other income (expense), net |
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|
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|
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(0.5 |
) |
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Income tax benefit (expense) |
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|
|
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(20.6 |
) |
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Net income |
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|
|
|
|
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|
156.2 |
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|||
Net income attributable to non-controlling interest |
|
|
|
|
|
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(5.6 |
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Net income available for common stock |
|
|
|
|
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$ |
150.6 |
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|||
Six Months Ended June 30, 2025, Compared to the Six Months Ended June 30, 2024
5
OPERATING STATISTICS
Electric Utilities
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Revenue |
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Quantities Sold |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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By Customer Class |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
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2025 |
|
2024 |
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(in millions) |
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(in GWh) |
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Retail Revenue - |
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Residential |
$ |
54.1 |
|
$ |
50.8 |
|
$ |
120.5 |
|
$ |
113.3 |
|
|
321.0 |
|
|
323.5 |
|
|
727.4 |
|
|
712.3 |
|
Commercial |
|
66.9 |
|
|
63.3 |
|
|
135.7 |
|
|
129.2 |
|
|
499.7 |
|
|
506.9 |
|
|
1,016.9 |
|
|
1,018.7 |
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Industrial (a) |
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49.3 |
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|
41.7 |
|
|
97.5 |
|
|
85.2 |
|
|
663.9 |
|
|
558.3 |
|
|
1,273.7 |
|
|
1,111.9 |
|
Municipal |
|
4.3 |
|
|
4.1 |
|
|
8.8 |
|
|
8.4 |
|
|
34.1 |
|
|
36.1 |
|
|
68.7 |
|
|
70.3 |
|
Other Retail |
|
3.5 |
|
|
3.5 |
|
|
6.9 |
|
|
7.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
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Subtotal Retail Revenue - Electric |
|
178.1 |
|
|
163.4 |
|
|
369.4 |
|
|
343.1 |
|
|
1,518.7 |
|
|
1,424.8 |
|
|
3,086.7 |
|
|
2,913.2 |
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Wholesale |
|
4.2 |
|
|
6.5 |
|
|
11.3 |
|
|
15.0 |
|
|
108.4 |
|
|
158.7 |
|
|
256.2 |
|
|
334.7 |
|
Market - off-system sales |
|
10.7 |
|
|
5.5 |
|
|
22.0 |
|
|
12.1 |
|
|
220.0 |
|
|
164.2 |
|
|
393.6 |
|
|
279.8 |
|
Transmission |
|
10.1 |
|
|
12.9 |
|
|
22.2 |
|
|
25.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
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Other (b) |
|
16.8 |
|
|
16.8 |
|
|
31.7 |
|
|
31.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
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Total Revenue and Quantities Sold |
$ |
219.9 |
|
$ |
205.1 |
|
$ |
456.6 |
|
$ |
427.3 |
|
$ |
1,847.1 |
|
$ |
1,747.7 |
|
|
3,736.5 |
|
|
3,527.7 |
|
Other Uses, Losses, or Generation, net (c) |
|
|
|
|
|
|
|
|
|
125.4 |
|
|
25.1 |
|
|
219.5 |
|
|
126.9 |
|
||||
Total Energy |
|
|
|
|
|
|
|
|
|
1,972.5 |
|
|
1,772.8 |
|
|
3,956.0 |
|
|
3,654.6 |
|
||||
|
Revenue |
|
Quantities Sold |
|
||||||||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
||||||||||||||||
By Business Unit |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
||||||||
|
(in millions) |
|
(in GWh) |
|
||||||||||||||||||||
Colorado Electric |
$ |
66.3 |
|
$ |
64.1 |
|
$ |
138.7 |
|
$ |
133.8 |
|
|
524.1 |
|
|
585.7 |
|
|
1,056.4 |
|
|
1,141.4 |
|
South Dakota Electric |
|
78.0 |
|
|
75.9 |
|
|
164.9 |
|
|
156.5 |
|
|
638.9 |
|
|
591.4 |
|
|
1,320.9 |
|
|
1,212.5 |
|
Wyoming Electric |
|
64.8 |
|
|
55.6 |
|
|
131.4 |
|
|
116.4 |
|
|
665.2 |
|
|
549.5 |
|
|
1,311.0 |
|
|
1,124.7 |
|
Integrated Generation |
|
10.8 |
|
|
9.5 |
|
|
21.6 |
|
|
20.6 |
|
|
18.9 |
|
|
21.1 |
|
|
48.2 |
|
|
49.1 |
|
Total Revenue and Quantities Sold |
$ |
219.9 |
|
$ |
205.1 |
|
$ |
456.6 |
|
$ |
427.3 |
|
|
1,847.1 |
|
|
1,747.7 |
|
|
3,736.5 |
|
|
3,527.7 |
|
|
Three Months Ended June 30, |
Six Months Ended June 30, |
||||||
|
2025 |
2024 |
2025 |
2024 |
||||
Degree Days |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Heating Degree Days: |
|
|
|
|
|
|
|
|
Colorado Electric |
623 |
5% |
524 |
(12)% |
3,356 |
8% |
3,031 |
(7)% |
South Dakota Electric |
908 |
(12)% |
898 |
(15)% |
4,346 |
1% |
4,032 |
(10)% |
Wyoming Electric |
1,085 |
(5)% |
1,040 |
(10)% |
4,225 |
2% |
4,026 |
(7)% |
Combined (a) |
815 |
(5)% |
757 |
(13)% |
3,875 |
4% |
3,577 |
(8)% |
|
|
|
|
|
|
|
|
|
Cooling Degree Days: |
|
|
|
|
|
|
|
|
Colorado Electric |
235 |
(16)% |
343 |
25% |
235 |
(16)% |
343 |
25% |
South Dakota Electric |
162 |
41% |
114 |
8% |
162 |
41% |
114 |
8% |
Wyoming Electric |
60 |
(24)% |
118 |
75% |
60 |
(24)% |
118 |
75% |
Combined (a) |
174 |
(4)% |
219 |
25% |
174 |
(4)% |
219 |
25% |
6
|
Three Months Ended June 30, |
Six Months Ended June 30, |
||
Contracted generating facilities Availability(a) by fuel type |
2025 |
2024 |
2025 |
2024 |
Coal |
79.4% |
75.5% |
82.7% |
85.6% |
Natural gas and diesel oil |
93.2% |
91.6% |
92.4% |
94.1% |
Wind |
78.6% |
92.1% |
82.4% |
91.2% |
Total Availability (b) |
87.2% |
87.1% |
88.1% |
91.3% |
|
|
|
|
|
Wind Capacity Factor (a) |
31.1% |
36.9% |
35.5% |
38.4% |
OPERATING STATISTICS (continued)
Gas Utilities
|
Revenue |
|
Quantities Sold and Transported |
|
||||||||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
||||||||||||||||
By Customer Class |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
||||||||
|
(in millions) |
|
(Dth in millions) |
|
||||||||||||||||||||
Retail Revenue - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Residential |
$ |
113.3 |
|
$ |
102.6 |
|
$ |
457.4 |
|
$ |
400.4 |
|
|
7.2 |
|
|
6.9 |
|
|
37.9 |
|
|
34.7 |
|
Commercial |
|
42.0 |
|
|
38.2 |
|
|
176.3 |
|
|
156.7 |
|
|
4.0 |
|
|
3.9 |
|
|
18.0 |
|
|
16.9 |
|
Industrial |
|
6.4 |
|
|
5.8 |
|
|
13.0 |
|
|
10.9 |
|
|
1.4 |
|
|
1.8 |
|
|
2.4 |
|
|
2.7 |
|
Other Retail (a) |
|
6.9 |
|
|
6.4 |
|
|
21.6 |
|
|
22.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Subtotal Retail Revenue - Gas |
|
168.6 |
|
|
153.0 |
|
|
668.3 |
|
|
590.4 |
|
|
12.6 |
|
|
12.6 |
|
|
58.3 |
|
|
54.3 |
|
Transportation |
|
42.1 |
|
|
36.0 |
|
|
99.8 |
|
|
87.6 |
|
|
36.2 |
|
|
34.5 |
|
|
86.7 |
|
|
81.2 |
|
Other (b) |
|
12.3 |
|
|
13.0 |
|
|
27.3 |
|
|
32.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Revenue and Quantities Sold |
$ |
223.0 |
|
$ |
202.0 |
|
$ |
795.4 |
|
$ |
710.6 |
|
|
48.8 |
|
|
47.1 |
|
|
145.0 |
|
|
135.5 |
|
|
Revenue |
|
Quantities Sold and Transported |
|
||||||||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
||||||||||||||||
By Business Unit |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
||||||||
|
(in millions) |
|
(Dth in millions) |
|
||||||||||||||||||||
Arkansas Gas |
$ |
40.7 |
|
$ |
31.2 |
|
$ |
165.5 |
|
$ |
141.8 |
|
|
5.3 |
|
|
5.0 |
|
|
18.5 |
|
|
17.0 |
|
Colorado Gas |
|
39.0 |
|
|
42.3 |
|
|
154.8 |
|
|
160.0 |
|
|
5.2 |
|
|
5.1 |
|
|
18.4 |
|
|
18.0 |
|
Iowa Gas |
|
30.1 |
|
|
27.6 |
|
|
116.9 |
|
|
89.4 |
|
|
6.9 |
|
|
7.1 |
|
|
22.1 |
|
|
20.6 |
|
Kansas Gas |
|
25.1 |
|
|
20.9 |
|
|
91.2 |
|
|
71.2 |
|
|
7.6 |
|
|
7.9 |
|
|
19.3 |
|
|
17.6 |
|
Nebraska Gas |
|
57.9 |
|
|
50.4 |
|
|
188.1 |
|
|
164.7 |
|
|
16.4 |
|
|
14.5 |
|
|
46.1 |
|
|
41.6 |
|
Wyoming Gas |
|
30.2 |
|
|
29.6 |
|
|
78.9 |
|
|
83.5 |
|
|
7.4 |
|
|
7.5 |
|
|
20.6 |
|
|
20.7 |
|
Total Revenue and Quantities Sold |
$ |
223.0 |
|
$ |
202.0 |
|
$ |
795.4 |
|
$ |
710.6 |
|
|
48.8 |
|
|
47.1 |
|
|
145.0 |
|
|
135.5 |
|
|
Three Months Ended June 30, |
Six Months Ended June 30, |
||||||
|
2025 |
2024 |
2025 |
2024 |
||||
Heating Degree Days |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Arkansas Gas (a) |
193 |
(33)% |
144 |
(54)% |
2,150 |
(2)% |
1,916 |
(17)% |
Colorado Gas |
822 |
(5)% |
790 |
(9)% |
3,659 |
--- |
3,533 |
(5)% |
Iowa Gas |
640 |
(5)% |
507 |
(27)% |
3,928 |
(1)% |
3,405 |
(18)% |
Kansas Gas (a) |
367 |
(9)% |
266 |
(37)% |
2,983 |
7% |
2,557 |
(11)% |
Nebraska Gas |
553 |
(9)% |
457 |
(26)% |
3,592 |
--- |
3,259 |
(12)% |
Wyoming Gas |
1,110 |
(7)% |
1,096 |
(9)% |
4,433 |
1% |
4,252 |
(5)% |
Combined (b) |
658 |
(8)% |
587 |
(20)% |
3,740 |
--- |
3,452 |
(10)% |
7
CONFERENCE CALL AND WEBCAST
Black Hills will host a live conference call and webcast at 11 a.m. EDT on Thursday, July 31, 2025, to discuss the company's financial results.
To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Q&A. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a personal identification number.
To access a listen-only webcast and view presentation slides, please register at Black Hills Corp. Webcast. At the conclusion of the call, a replay of the broadcast will be available at this link and at Black Hills’ investor relations website for up to one year.
ABOUT BLACK HILLS CORP.
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com, www.blackhillscorp.com/corporateresponsibility and www.blackhillsenergy.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. This includes, without limitations, our 2025 earnings guidance and long-term growth target. These forward-looking statements are based on assumptions which we believe are reasonable based on current expectations and projections about future events and industry conditions and trends affecting our business. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks and uncertainties that, among other things, could cause actual results to differ materially from those contained in the forward-looking statements, including without limitation, the risk factors described in Item 1A of Part I of our 2024 Annual Report on Form 10-K and other reports that we file with the SEC from time to time, and the following:
New factors that could cause actual results to differ materially from those described in forward-looking statements emerge from time-to-time, and it is not possible for us to predict all such factors, or the extent to which any such factor or combination of factors may cause actual results to differ from those contained in any forward-looking statement. We assume no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
8
Investor Relations: |
|
Sal Diaz |
|
Phone |
605-399-5079 |
|
|
Media Contact: |
|
24-hour Media Assistance |
888-242-3969 |
9