Black Hills Q1 EPS $1.87 beats $1.73 YoY; reaffirms FY24 guidance $3.80-$4.00

BLACK HILLS CORP /SD/

2024-Q1 EPS reported $1.87 revenue$726,400,000

Net income $127.9M, up from $114.1M; diluted EPS $1.87 vs $1.73 (+8%) from new rates and lower opex.
Gas Utilities operating income $130.8M (+14% YoY); Electric Utilities $64.6M (+6% YoY).
Board approved $0.65 quarterly dividend, marking 54th consecutive annual increase.
Issued 0.6M shares for $33.8M under ATM program; Fitch affirmed BBB+ with negative outlook.
FY24 EPS guidance reaffirmed at $3.80-$4.00 assuming normal weather and $170-$190M equity issuance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACK HILLS CORP /SD/ reported first quarter of 2024 results: net income $127.9, EPS $1.87. Guidance reaffirmed.

Period: first quarter of 2024
Net income: $127.9
EPS: $1.87
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 8, 2024, Black Hills Corporation ("the Company") issued a press release announcing financial results for the first quarter of 2024.

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708 earnings releases filed in the last 30 days. Browse all earnings releases →

BLACK HILLS CORP /SD/ filing history →

Source: SEC EDGAR

accession 0000950170-24-055713

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