earnings
confidence high
sentiment positive
materiality 0.80
Black Hills beats FY2023 EPS guidance ($3.91 actual vs $3.65-$3.85); initiates 2024 EPS $3.80-$4.00
BLACK HILLS CORP /SD/
2023-FY EPS reported
$3.91
revenue$2,331,300,000
- Q4 2023 net income $79.6M (diluted EPS $1.17); FY net income $262.2M (EPS $3.91) vs $258.4M ($3.97) in 2022.
- 2023 actual EPS $3.91 above guidance $3.65-$3.85; 2024 EPS guidance initiated at $3.80-$4.00.
- Quarterly dividend raised to $0.65 per share, marking 54th consecutive annual dividend increase.
- Five-year capital plan increased by $800M to $4.3B for 2024-2028.
- Issued 2.0M shares via ATM for net proceeds $118.7M; completed $450M 6.15% notes due 2034 and $350M 5.95% notes due 2028.