earnings
confidence high
sentiment neutral
materiality 0.75
Black Hills Q1 EPS $1.82 (+18% YoY); reaffirms 2022 guidance; $41M jury verdict
BLACK HILLS CORP /SD/
2022-Q1 EPS reported
$1.82
revenue$823,570,000
- Net income $117.5M ($1.82 EPS) vs $96.3M ($1.54 EPS) in Q1 2021; adjusted EPS up 8% excluding Winter Storm Uri.
- Reaffirmed 2022 EPS guidance range of $3.95-$4.15; capital investment target of $611M.
- Jury verdict of $41M against Black Hills and former subsidiaries in Costa Rica concession dispute; company plans to appeal.
- Quarterly dividend of $0.595 per share (unchanged), payable June 1 to holders of record May 18.
- Regulatory wins: Colorado electric/gas and Kansas gas cost recovery for Winter Storm Uri; Arkansas gas rate case filed.