---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002000"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:28:00.918113+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-002000
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130464/000095017023002000/0000950170-23-002000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000095017023002000/bkh-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002000
- JSON: https://secwatch.observer/filing/0000950170-23-002000.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002000.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130464/000095017023002000/0000950170-23-002000-index.htm
- Earnings Releases
  BLACK HILLS CORP /SD/ reported 2023 results: EPS $3.65 to $3.85.
  - Period: 2023
  - EPS: $3.65 to $3.85
  - Result: guidance update
  source text: Revised 2023 EPS guidance range of $3.65 to $3.85
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130464/000095017023002000/0000950170-23-002000-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130464/000095017023002000/0000950170-23-002000-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.