secwatch.observer — SEC 8-K summary
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Issuer:     BLACK HILLS CORP /SD/ (BKH)
CIK:        0001130464
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055713
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130464/000095017024055713/0000950170-24-055713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130464/000095017024055713/bkh-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055713

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer