earnings
confidence high
sentiment positive
materiality 0.75
Black Hills Q3 EPS $0.70 (+21% YoY); raises 2021 EPS midpoint, dividend up 5.3%
BLACK HILLS CORP /SD/
2021-Q3 EPS reported
$2.63
revenue$1,386,594,000
- Q3 net income $44.1M ($0.70 EPS) vs $36.3M ($0.58 EPS) YoY; operating income $89.9M.
- 2021 EPS guidance raised to $3.85-$4.00 from $3.80-$4.00; 2022 reaffirmed at $3.95-$4.15.
- Quarterly dividend increased 5.3% to $0.595/share, 51st consecutive annual increase.
- Capital forecast 2021-2025 raised by $149M to $3.2B; includes Ready Wyoming 285-mile transmission.
- Winter Storm Uri cost recovery progressing; $600M 1.037% senior notes issued Aug. 2021.