secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLACK HILLS CORP /SD/ (BKH)
CIK:        0001130464
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122363
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Hills Q3 EPS $0.35 vs $0.67 YoY; reaffirms FY2024 guidance $3.80-$4.00
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130464/000095017024122363/0000950170-24-122363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130464/000095017024122363/bkh-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122363

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