earnings
confidence high
sentiment neutral
materiality 0.65
Black Hills Q3 EPS $0.35 vs $0.67 YoY; reaffirms FY2024 guidance $3.80-$4.00
BLACK HILLS CORP /SD/
2024-Q3 EPS reported
$2.52
revenue$1,530,600,000
- Net income $24.4M ($0.35 diluted EPS) vs $45.4M ($0.67) Q3 2023; revenue $401.6M down from $407.1M.
- Reaffirms 2024 EPS guidance $3.80-$4.00; YTD EPS $2.52 vs $2.74; cites higher expenses and unplanned outages.
- Arkansas Gas approved $25M annual revenue increase; Iowa Gas filed settlement for $15M new annual revenue.
- Partnered with Meta to power Cheyenne AI data center by 2026; expects data center/blockchain earnings to grow from 5% to 10%+ by 2028.
- Issued 1.9M shares in Q3 for $109M, completed $182M equity for 2024; maintained 55% debt capitalization target.