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)
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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 Nov. 6, 2024, Black Hills Corporation ("the Company") issued a press release announcing financial results for the third quarter of 2024.
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: |
Nov. 6, 2024 |
By: |
/s/ Kimberly F. Nooney |
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Kimberly F. Nooney |
Black Hills Corp. Reaffirms 2024 Earnings Guidance and Reports 2024 Third-Quarter Results
RAPID CITY, S.D. — Nov. 6, 2024 — Black Hills Corp. (NYSE: BKH) today announced financial results for the third quarter of 2024. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2024, compared to the three and nine months ended Sept. 30, 2023, were:
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Three Months Ended Sept. 30, |
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Nine Months Ended Sept. 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in millions, except per share amounts) |
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Operating Income |
$ |
75.8 |
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$ |
97.8 |
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$ |
339.8 |
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$ |
336.2 |
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Net income available for common stock |
$ |
24.4 |
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$ |
45.4 |
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$ |
175.0 |
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$ |
182.5 |
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Earnings per share, Diluted |
$ |
0.35 |
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$ |
0.67 |
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$ |
2.52 |
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$ |
2.74 |
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Earnings of $0.35 per share for the third quarter benefited from new rates, rider recovery and customer growth, which partially offset higher operating expenses, including depreciation, and the impacts of unplanned generation outages and higher interest expense. Earnings during the same period in 2023 benefited from one-time insurance proceeds and a gain on the sale of land.
Earnings of $2.52 per share year to date benefited from new rates, rider recovery and customer growth, which partially offset unfavorable weather, lower energy market pricing for off-system sales, the impacts of unplanned generation outages, higher operating expenses, including depreciation, and higher interest expense and the impact of new shares issued. Earnings during the same period in 2023 benefited from a one-time state income tax rate reduction in Nebraska, gains on the sales of land and wind assets, and insurance proceeds.
“We are on track to achieve our 2024 earnings guidance as we continue to execute on our strategy while navigating ongoing cost pressures and mild weather,” said Linn Evans, president and CEO of Black Hills Corp. “Our team made progress on our regulatory initiatives, with new natural gas utility rates effective in Arkansas and a constructive settlement reached in Iowa. We also completed our key financing activities for the year, ending the quarter at our long-term capitalization target of 55% debt.
“I'm excited about our strategic progress in delivering safe, reliable and cost-effective energy for our customers. Our 260-mile Ready Wyoming transmission project remains on track and will expand system capacity and power market access. We also continue to pursue new renewable resources in Colorado and dispatchable, baseload generation in South Dakota. For more than a decade, our innovative service model has successfully supported data center demand, and we look forward to serving Meta’s new AI data center in Cheyenne, Wyoming by 2026,” concluded Evans.
THIRD-QUARTER 2024 HIGHLIGHTS AND UPDATES
Electric Utilities
Gas Utilities
Corporate and Other
2024 EARNINGS GUIDANCE REAFFIRMED
Black Hills reaffirms its guidance issued on Feb. 7, 2024, for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00, which was based on the following assumptions:
During the first nine months of 2024, Black Hills issued equity within the forecasted range, completed the sale of production tax credits, and mitigated the financial impacts of mild weather and unplanned generation outages.
2
BLACK HILLS CORPORATION
CONSOLIDATED FINANCIAL RESULTS
(Minor differences may result due to rounding)
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Three Months Ended Sept. 30, |
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Nine Months Ended Sept. 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in millions, except per share amount) |
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Revenue |
$ |
401.6 |
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$ |
407.1 |
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$ |
1,530.6 |
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$ |
1,739.6 |
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Operating expenses: |
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Fuel, purchased power, and cost of natural gas sold |
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94.5 |
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102.2 |
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518.2 |
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749.8 |
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Operations and maintenance |
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145.6 |
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125.7 |
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420.8 |
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412.5 |
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Depreciation and amortization |
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69.3 |
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64.9 |
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201.8 |
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191.2 |
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Taxes - property and production |
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16.4 |
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16.5 |
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50.0 |
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49.9 |
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Total operating expenses |
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325.8 |
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309.3 |
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1,190.8 |
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1,403.4 |
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Operating income |
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75.8 |
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97.8 |
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339.8 |
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336.2 |
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Interest expense, net |
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(45.2 |
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(41.0 |
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(131.9 |
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(126.0 |
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Other income (expense), net |
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(1.3 |
) |
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(0.6 |
) |
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(1.7 |
) |
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(1.5 |
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Income tax benefit (expense) |
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(2.9 |
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(7.4 |
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(23.6 |
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(16.0 |
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Net income |
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26.4 |
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48.8 |
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182.6 |
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192.7 |
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Net income attributable to non-controlling interest |
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(2.0 |
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(3.4 |
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(7.6 |
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(10.2 |
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Net income available for common stock |
$ |
24.4 |
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$ |
45.4 |
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$ |
175.0 |
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$ |
182.5 |
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Weighted average common shares outstanding: |
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Basic |
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70.5 |
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67.3 |
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69.2 |
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66.7 |
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Diluted |
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70.6 |
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67.4 |
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69.3 |
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66.7 |
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Earnings per share: |
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Earnings Per Share, Basic |
$ |
0.35 |
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$ |
0.67 |
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$ |
2.53 |
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$ |
2.74 |
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Earnings Per Share, Diluted |
$ |
0.35 |
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$ |
0.67 |
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$ |
2.52 |
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$ |
2.74 |
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3
CONSOLIDATING INCOME STATEMENTS -- THIRD QUARTER
(Minor differences may result due to rounding)
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Three Months Ended Sept. 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 |
$ |
232.5 |
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$ |
173.6 |
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$ |
(4.5 |
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$ |
401.6 |
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Fuel, purchased power and cost of natural gas sold |
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54.9 |
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39.7 |
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(0.1 |
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94.5 |
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Operations and maintenance |
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65.1 |
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84.8 |
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(4.3 |
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145.6 |
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Depreciation and amortization |
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38.0 |
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31.3 |
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0.1 |
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69.3 |
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Taxes - property and production |
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9.4 |
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6.9 |
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- |
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16.4 |
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Operating income (loss) |
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65.1 |
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10.9 |
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(0.2 |
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75.8 |
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Interest expense, net |
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(45.2 |
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Other income (expense), net |
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(1.3 |
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Income tax benefit (expense) |
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(2.9 |
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Net income |
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26.4 |
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Net income attributable to non-controlling interest |
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(2.0 |
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Net income available for common stock |
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$ |
24.4 |
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Three Months Ended Sept. 30, 2023 |
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 |
$ |
237.3 |
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$ |
174.3 |
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$ |
(4.5 |
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$ |
407.1 |
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Fuel, purchased power and cost of natural gas sold |
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55.4 |
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46.9 |
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(0.1 |
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102.2 |
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Operations and maintenance |
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53.9 |
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75.7 |
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(3.9 |
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125.7 |
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Depreciation and amortization |
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35.8 |
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29.0 |
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0.1 |
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64.9 |
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Taxes - property and production |
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9.2 |
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7.3 |
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- |
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16.5 |
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Operating income (loss) |
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83.0 |
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|
15.4 |
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(0.6 |
) |
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97.8 |
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||||
Interest expense, net |
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(41.0 |
) |
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Other income (expense), net |
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(0.6 |
) |
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Income tax benefit (expense) |
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(7.4 |
) |
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Net income |
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48.8 |
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|||
Net income attributable to non-controlling interest |
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(3.4 |
) |
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Net income available for common stock |
|
|
|
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$ |
45.4 |
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|||
Three Months Ended Sept. 30, 2024, Compared to the Three Months Ended Sept. 30, 2023
The variance to the prior year included the following:
4
CONSOLIDATING INCOME STATEMENTS -- YEAR-TO-DATE
(Minor differences may result due to rounding)
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Nine Months Ended Sept. 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 |
$ |
659.8 |
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$ |
884.2 |
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$ |
(13.4 |
) |
$ |
1,530.6 |
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|
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|
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||||
Fuel, purchased power and cost of natural gas sold |
|
155.7 |
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|
362.9 |
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(0.4 |
) |
|
518.2 |
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Operations and maintenance |
|
190.5 |
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|
242.6 |
|
|
(12.3 |
) |
|
420.8 |
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Depreciation and amortization |
|
108.9 |
|
|
92.8 |
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|
0.1 |
|
|
201.8 |
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Taxes - property and production |
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28.7 |
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|
21.3 |
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|
- |
|
|
50.0 |
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Operating income (loss) |
|
176.0 |
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|
164.6 |
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(0.8 |
) |
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339.8 |
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|
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Interest expense, net |
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(131.9 |
) |
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Other income (expense), net |
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(1.7 |
) |
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Income tax benefit (expense) |
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(23.6 |
) |
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Net income |
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|
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|
182.6 |
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Net income attributable to non-controlling interest |
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|
|
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(7.6 |
) |
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Net income available for common stock |
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|
|
|
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|
$ |
175.0 |
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|||
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Nine Months Ended Sept. 30, 2023 |
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 |
$ |
649.1 |
|
$ |
1,103.9 |
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$ |
(13.4 |
) |
$ |
1,739.6 |
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|
||||
Fuel, purchased power and cost of natural gas sold |
|
147.2 |
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|
602.9 |
|
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(0.3 |
) |
|
749.8 |
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Operations and maintenance |
|
176.8 |
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|
246.8 |
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(11.1 |
) |
|
412.5 |
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Depreciation and amortization |
|
106.7 |
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|
84.4 |
|
|
0.1 |
|
|
191.2 |
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Taxes - property and production |
|
27.7 |
|
|
22.1 |
|
|
0.1 |
|
|
49.9 |
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Operating income (loss) |
|
190.7 |
|
|
147.7 |
|
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(2.2 |
) |
|
336.2 |
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|
|
|
|
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|
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Interest expense, net |
|
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|
|
|
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(126.0 |
) |
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Other income (expense), net |
|
|
|
|
|
|
|
(1.5 |
) |
|||
Income tax benefit (expense) |
|
|
|
|
|
|
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(16.0 |
) |
|||
Net income |
|
|
|
|
|
|
|
192.7 |
|
|||
Net income attributable to non-controlling interest |
|
|
|
|
|
|
|
(10.2 |
) |
|||
Net income available for common stock |
|
|
|
|
|
|
$ |
182.5 |
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|||
Nine Months Ended Sept. 30, 2024, Compared to the Nine Months Ended Sept. 30, 2023
The variance to the prior year included the following:
5
OPERATING STATISTICS
Electric Utilities
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Revenue (in millions) |
|
Quantities Sold (GWh) |
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Three Months Ended Sept. 30, |
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Nine Months Ended Sept. 30, |
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Three Months Ended Sept. 30, |
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Nine Months Ended Sept. 30, |
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By customer class |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
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Residential |
$ |
66.1 |
|
$ |
63.1 |
|
$ |
179.4 |
|
$ |
170.3 |
|
|
411.1 |
|
|
393.9 |
|
|
1,123.4 |
|
|
1,090.6 |
|
Commercial |
|
71.3 |
|
|
69.5 |
|
|
202.6 |
|
|
195.1 |
|
|
571.9 |
|
|
567.1 |
|
|
1,590.6 |
|
|
1,576.1 |
|
Industrial |
|
42.0 |
|
|
43.0 |
|
|
128.4 |
|
|
116.4 |
|
|
531.5 |
|
|
553.5 |
|
|
1,643.4 |
|
|
1,511.6 |
|
Municipal |
|
4.4 |
|
|
4.7 |
|
|
12.8 |
|
|
13.2 |
|
|
41.4 |
|
|
42.7 |
|
|
111.7 |
|
|
116.1 |
|
Subtotal Retail Revenue - Electric |
|
183.8 |
|
|
180.3 |
|
|
523.2 |
|
|
495.0 |
|
|
1,555.9 |
|
|
1,557.2 |
|
|
4,469.1 |
|
|
4,294.4 |
|
Contract Wholesale |
|
3.8 |
|
|
6.8 |
|
|
13.2 |
|
|
15.4 |
|
|
99.4 |
|
|
140.6 |
|
|
385.0 |
|
|
403.7 |
|
Off-system/Power Marketing Wholesale (a) |
|
7.4 |
|
|
9.6 |
|
|
14.8 |
|
|
31.7 |
|
|
227.0 |
|
|
138.4 |
|
|
506.8 |
|
|
518.5 |
|
Other (b) |
|
25.6 |
|
|
25.0 |
|
|
75.2 |
|
|
69.1 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Total Regulated |
|
220.6 |
|
|
221.7 |
|
|
626.4 |
|
|
611.2 |
|
|
1,882.3 |
|
|
1,836.2 |
|
|
5,360.9 |
|
|
5,216.6 |
|
Non-Regulated (c) |
|
11.9 |
|
|
15.6 |
|
|
33.4 |
|
|
37.9 |
|
|
25.0 |
|
|
25.4 |
|
|
74.2 |
|
|
102.6 |
|
Total Revenue and Quantities Sold |
$ |
232.5 |
|
$ |
237.3 |
|
$ |
659.8 |
|
$ |
649.1 |
|
|
1,907.3 |
|
|
1,861.6 |
|
|
5,435.1 |
|
|
5,319.2 |
|
Other Uses, Losses, or Generation, net (d) |
|
|
|
|
|
|
|
|
|
110.7 |
|
|
97.7 |
|
|
237.5 |
|
|
345.6 |
|
||||
Total Energy |
|
|
|
|
|
|
|
|
|
2,018.0 |
|
|
1,959.3 |
|
|
5,672.6 |
|
|
5,664.8 |
|
||||
|
Revenue (in millions) |
|
Quantities Sold (GWh) |
|
||||||||||||||||||||
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
||||||||||||||||
By business unit |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
||||||||
Colorado Electric |
$ |
74.9 |
|
$ |
80.8 |
|
$ |
208.7 |
|
$ |
216.9 |
|
|
675.4 |
|
|
653.2 |
|
|
1,816.8 |
|
|
1,794.5 |
|
South Dakota Electric |
|
86.0 |
|
|
83.0 |
|
|
242.5 |
|
|
240.6 |
|
|
669.8 |
|
|
622.7 |
|
|
1,882.3 |
|
|
1,876.7 |
|
Wyoming Electric |
|
60.3 |
|
|
58.4 |
|
|
176.7 |
|
|
155.0 |
|
|
537.1 |
|
|
560.3 |
|
|
1,661.8 |
|
|
1,545.4 |
|
Integrated Generation |
|
11.3 |
|
|
15.1 |
|
|
31.9 |
|
|
36.6 |
|
|
25.0 |
|
|
25.4 |
|
|
74.2 |
|
|
102.6 |
|
Total Revenue and Quantities Sold |
$ |
232.5 |
|
$ |
237.3 |
|
$ |
659.8 |
|
$ |
649.1 |
|
|
1,907.3 |
|
|
1,861.6 |
|
|
5,435.1 |
|
|
5,319.2 |
|
|
Three Months Ended Sept. 30, |
Nine Months Ended Sept. 30, |
||||||
|
2024 |
2023 |
2024 |
2023 |
||||
Degree Days |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Heating Degree Days: |
|
|
|
|
|
|
|
|
Colorado Electric |
19 |
(57)% |
26 |
(42)% |
3,050 |
(8)% |
3,365 |
5% |
South Dakota Electric |
48 |
(71)% |
140 |
(15)% |
4,080 |
(12)% |
4,621 |
2% |
Wyoming Electric |
109 |
(35)% |
152 |
(12)% |
4,135 |
(8)% |
4,534 |
4% |
Combined (a) |
47 |
(58)% |
91 |
(19)% |
3,624 |
(10)% |
4,031 |
4% |
|
|
|
|
|
|
|
|
|
Cooling Degree Days: |
|
|
|
|
|
|
|
|
Colorado Electric |
904 |
5% |
909 |
6% |
1,247 |
10% |
1,040 |
(10)% |
South Dakota Electric |
789 |
57% |
460 |
(11)% |
903 |
48% |
496 |
(21)% |
Wyoming Electric |
368 |
(6)% |
315 |
(20)% |
486 |
6% |
329 |
(30)% |
Combined (a) |
756 |
17% |
635 |
(2)% |
975 |
19% |
710 |
(15)% |
6
|
Three Months Ended Sept. 30, |
Nine Months Ended Sept. 30, |
||
Contracted generating facilities Availability(a) by fuel type |
2024 |
2023 |
2024 |
2023 |
Coal (b) |
90.7% |
96.3% |
87.3% |
93.7% |
Natural gas and diesel oil (b) |
98.0% |
94.2% |
95.4% |
94.0% |
Wind |
92.3% |
93.4% |
91.6% |
93.4% |
Total Availability |
95.1% |
94.7% |
92.5% |
93.8% |
|
|
|
|
|
Wind Capacity Factor (a) |
32.0% |
31.3% |
36.2% |
37.9% |
OPERATING STATISTICS (continued)
Gas Utilities
|
Revenue |
|
Quantities Sold and Transported |
|
||||||||||||||||||||
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
||||||||||||||||
By customer class |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
||||||||
Residential |
$ |
76.3 |
|
$ |
75.1 |
|
$ |
481.9 |
|
$ |
620.3 |
|
|
3.5 |
|
|
3.5 |
|
|
38.2 |
|
|
41.1 |
|
Commercial |
|
27.5 |
|
|
28.6 |
|
|
185.8 |
|
|
255.4 |
|
|
2.4 |
|
|
2.4 |
|
|
19.3 |
|
|
20.5 |
|
Industrial |
|
7.6 |
|
|
9.9 |
|
|
18.5 |
|
|
26.2 |
|
|
2.4 |
|
|
2.1 |
|
|
5.1 |
|
|
4.5 |
|
Other |
|
2.6 |
|
|
3.1 |
|
|
8.0 |
|
|
7.3 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Total Distribution (a) |
|
114.0 |
|
|
116.7 |
|
|
694.2 |
|
|
909.2 |
|
|
8.3 |
|
|
8.0 |
|
|
62.6 |
|
|
66.1 |
|
Transportation and Transmission |
|
43.3 |
|
|
42.8 |
|
|
131.4 |
|
|
131.8 |
|
|
35.8 |
|
|
36.8 |
|
|
117.0 |
|
|
118.2 |
|
Total Regulated |
|
157.3 |
|
|
159.5 |
|
|
825.6 |
|
|
1,041.0 |
|
|
44.1 |
|
|
44.8 |
|
|
179.6 |
|
|
184.3 |
|
Non-regulated Services (b) |
|
16.3 |
|
|
14.8 |
|
|
58.6 |
|
|
62.9 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Total Revenue and Quantities Sold |
$ |
173.6 |
|
$ |
174.3 |
|
$ |
884.2 |
|
$ |
1,103.9 |
|
|
44.1 |
|
|
44.8 |
|
|
179.6 |
|
|
184.3 |
|
|
Revenue |
|
Quantities Sold and Transported |
|
||||||||||||||||||||
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
Three Months Ended Sept. 30, |
|
Nine Months Ended Sept. 30, |
|
||||||||||||||||
By business unit |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
||||||||
Arkansas Gas |
$ |
25.4 |
|
$ |
27.2 |
|
$ |
167.2 |
|
$ |
189.0 |
|
|
4.5 |
|
|
4.3 |
|
|
21.5 |
|
|
21.0 |
|
Colorado Gas |
|
31.5 |
|
|
31.5 |
|
|
191.5 |
|
|
227.9 |
|
|
3.3 |
|
|
3.6 |
|
|
21.3 |
|
|
23.3 |
|
Iowa Gas |
|
21.0 |
|
|
18.7 |
|
|
110.4 |
|
|
168.1 |
|
|
5.8 |
|
|
5.8 |
|
|
26.4 |
|
|
27.2 |
|
Kansas Gas |
|
19.6 |
|
|
22.8 |
|
|
90.8 |
|
|
118.5 |
|
|
8.5 |
|
|
9.1 |
|
|
26.1 |
|
|
27.4 |
|
Nebraska Gas |
|
54.2 |
|
|
55.3 |
|
|
218.9 |
|
|
277.9 |
|
|
16.5 |
|
|
17.0 |
|
|
58.1 |
|
|
59.8 |
|
Wyoming Gas |
|
21.9 |
|
|
18.8 |
|
|
105.4 |
|
|
122.5 |
|
|
5.5 |
|
|
5.0 |
|
|
26.2 |
|
|
25.6 |
|
Total Revenue and Quantities Sold |
$ |
173.6 |
|
$ |
174.3 |
|
$ |
884.2 |
|
$ |
1,103.9 |
|
|
44.1 |
|
|
44.8 |
|
|
179.6 |
|
|
184.3 |
|
|
Three Months Ended Sept. 30, |
Nine Months Ended Sept. 30, |
||||||
|
2024 |
2023 |
2024 |
2023 |
||||
Heating Degree Days |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Actual |
Variance from Normal |
Arkansas Gas (a) |
9 |
(40)% |
--- |
(100)% |
1,925 |
(18)% |
1,944 |
(18)% |
Colorado Gas |
80 |
(29)% |
91 |
(22)% |
3,613 |
(5)% |
4,078 |
7% |
Iowa Gas |
45 |
(47)% |
37 |
(59)% |
3,450 |
(19)% |
3,867 |
(10)% |
Kansas Gas (a) |
19 |
(26)% |
6 |
(78)% |
2,576 |
(11)% |
2,749 |
6% |
Nebraska Gas |
22 |
(65)% |
21 |
(67)% |
3,281 |
(12)% |
3,591 |
(5)% |
Wyoming Gas |
132 |
(37)% |
180 |
5% |
4,384 |
(6)% |
4,953 |
14% |
Combined (b) |
50 |
(43)% |
56 |
(35)% |
3,502 |
(11)% |
3,926 |
1% |
7
CONFERENCE CALL AND WEBCAST
Black Hills will host a live conference call and webcast at 11 a.m. EST on Thursday, Nov. 7, 2024, to discuss its financial and operating performance.
To access the live webcast and download a copy of the investor presentation, go to the “Investor Relations” section of the Black Hills website at www.blackhillscorp.com and click on “News and Events” and then “Events & Presentation.” The presentation will be posted on the website before the webcast. Listeners should allow at least five minutes for registering and accessing the presentation. For those unable to listen to the live broadcast, a replay will be available on the company’s website.
To ask a question during the live broadcast, users can access dial-in information and a personal identification number by registering for the event at https://register.vevent.com/register/BI9ac113e7b8ef4295bbbb150c1d14c3ac.
A listen-only webcast player and presentation slides can be accessed live at https://edge.media-server.com/mmc/p/gncgbawz with a replay of the event available for up to one year.
EEI FINANCIAL CONFERENCE ATTENDANCE
Leadership from Black Hills will be attending the 2024 Edison Electric Institute Financial Conference taking place from Nov. 10, 2024, through Nov. 12, 2024. An investor presentation will be available prior to the conference on Black Hills’ website at www.blackhillscorp.com under “Events and Presentations” in the “Investor Relations” section.
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 1.34 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 2024 earnings guidance. 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 2023 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