earnings
confidence high
sentiment neutral
materiality 0.70
Black Hills Q4 EPS down 10% to $1.11 on warm weather; reaffirms FY2022 guidance $3.95-$4.15
BLACK HILLS CORP /SD/
2021-FY EPS reported
$3.74
revenue$1,949,102,000
- Q4 GAAP EPS $1.11 vs $1.23 YoY; net income $71.2M vs $77.2M. Full-year EPS $3.74 vs $3.65.
- Record warm weather reduced Q4 EPS by $0.16; heating degree days 21% below normal.
- Reaffirms 2022 EPS guidance $3.95-$4.15; extends 5-7% EPS growth target through 2026.
- Plans $3.2B capex over 5 years; issued $600M senior notes in Aug 2021.
- Declared Q1 dividend $0.595/share (unchanged); regulatory progress includes rate reviews in CO, IA, KS.