Black Hills Q3 EPS $0.67 beats $0.54 YoY; reaffirms FY23 guidance $3.65-$3.85

BLACK HILLS CORP /SD/

2023-Q3 EPS reported $2.74 revenue$1,739,568,000

Q3 net income $45.4M (up 30% YoY); diluted EPS $0.67 vs $0.54; nine-month EPS $2.74 vs $2.86.
Reaffirmed 2023 EPS guidance $3.65-$3.85; management expects top end; 2024 guidance in Feb 2024.
Board declared quarterly dividend $0.625/share, payable Dec 1, 2023 to holders of record Nov 17, 2023.
Completed $450M 6.15% senior notes due 2034; proceeds to repay $525M notes maturing Nov 30, 2023.
Issued 0.9M shares ($52.8M) in Q3 via ATM program; YTD 1.8M shares ($107.7M).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLACK HILLS CORP /SD/ reported for the third quarter of 2023 results: net income $45.4 million, EPS $0.67. Guidance reaffirmed.

Period: for the third quarter of 2023
Net income: $45.4 million
EPS: $0.67
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Black Hills Corp. Reports 2023 Third-Quarter Results and Reaffirms 2023 Earnings Guidance RAPID CITY, S.D. — Nov. 1, 2023 — Black Hills Corp. (NYSE: BKH) today announced financial results for the third quarter of 2023. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2023, compared to the three and nine months ended Sept. 30, 2022, were: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2023 2022 2023 2022 (in millions, except per share amounts) Net income available for common stock $ 45.4 $ 35.0 $ 182.5 $ 185.9 Earnings per share, Diluted $ 0.67 $ 0.54 $ 2.74 $ 2.86

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Source: SEC EDGAR

accession 0000950170-23-057468

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