Black Hills Corp. Q4 EPS flat at $1.11; cuts 2023 EPS guidance to $3.65-3.85 from $4.00-4.20

BLACK HILLS CORP /SD/

2022-FY EPS reported $3.97 revenue$2,551,816,000

Q4 2022 EPS $1.11 flat YoY; FY 2022 EPS $3.97 up 6% from $3.74; net income $258.4M.
Revised 2023 EPS guidance to $3.65-3.85 from $4.00-4.20, citing higher interest rates, inflation, and natural gas volatility.
Capital plan $3.5B for 2023-2027; 2023 capex ~$615M; equity issuance $140-160M via ATM program.
CFO Rich Kinzley retiring mid-2023; Kimberly Nooney appointed CFO effective April 1, 2023.
Wyoming Electric approved for $250M rate recovery; Colorado Clean Energy Plan settlement filed for 80% emissions cut.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLACK HILLS CORP /SD/ reported Three Months Ended Dec. 31, 2022 results: net income $72.5 million, EPS $1.11.

Period: Three Months Ended Dec. 31, 2022
Net income: $72.5 million
EPS: $1.11
Result: reported results

Exact text from the filing

Net income available for common stock $ 72.5 $ 71.2 $ 258.4 $ 236.7 Earnings per share, Diluted $ 1.11 $ 1.11 $ 3.97 $ 3.74

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLACK HILLS CORP /SD/ reported 2023 results: EPS $3.65 to $3.85.

Period: 2023
EPS: $3.65 to $3.85
Result: guidance update

Exact text from the filing

Revised 2023 EPS guidance range of $3.65 to $3.85

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLACK HILLS CORP /SD/ reported Twelve Months Ended Dec. 31, 2022 results: net income $258.4 million, EPS $3.97.

Period: Twelve Months Ended Dec. 31, 2022
Net income: $258.4 million
EPS: $3.97
Result: reported results

Exact text from the filing

Net income available for common stock $ 72.5 $ 71.2 $ 258.4 $ 236.7 Earnings per share, Diluted $ 1.11 $ 1.11 $ 3.97 $ 3.74

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-002000

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