earnings
confidence high
sentiment neutral
materiality 0.65
Black Hills Q2 EPS $0.40 vs $0.33; reaffirms 2021-22 EPS guidance
BLACK HILLS CORP /SD/
2021-Q2 EPS reported
$1.93
revenue$1,006,004,000
- Q2 net income $25.2M ($0.40 diluted EPS) vs $21.0M ($0.33) YoY, driven by new rates and rider recovery.
- Reaffirmed 2021 EPS guidance $3.80-$4.00 and 2022 guidance $3.95-$4.15.
- Recorded $559M incremental Winter Storm Uri costs as regulatory asset; recovery applications for $546M filed.
- Board declared quarterly dividend $0.565/share, payable Sept 1, 2021.
- Filed rate reviews in CO ($14.6M), IA ($8.3M), KS ($5.3M) seeking new annual revenue.