8-K
filed November 2, 2022, 7:59 PM ET
ticker BKH
CIK 0001130464
earnings
confidence high
sentiment positive
materiality 0.80
Black Hills Q3 net income down 20% YoY; reaffirms 2022 EPS, initiates 2023 guidance, dividend up 5%
BLACK HILLS CORP /SD/
2022-Q3 EPS reported
$2.86
revenue$1,760,377,000
- Q3 2022 net income $35.0M ($0.54 EPS) vs $44.1M ($0.70 EPS) year ago; YTD net income $185.9M ($2.86 EPS).
- 2022 EPS guidance reaffirmed at $3.95-$4.15; 2023 EPS guidance initiated at $4.00-$4.20.
- Quarterly dividend raised 5% to $0.625/share; 52nd consecutive annual increase.
- CFO Richard Kinzley to retire mid-2023; succeeded by Kimberly Nooney effective April 1, 2023.
- 2022-2026 capital plan increased $250M to $3.5B; Ready Wyoming $260M transmission project approved.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BLACK HILLS CORP /SD/ reported the three months ended Sept. 30, 2022 results: net income $35.0, EPS $0.54. Guidance reaffirmed.
- Period
- the three months ended Sept. 30, 2022
- Net income
- $35.0
- EPS
- $0.54
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Net income for the three and nine months ended Sept. 30, 2022, compared to the three and nine months ended Sept. 30, 2021, was: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2022 2021 2022 2021 (in millions, except per share amounts) Income EPS Income EPS Income EPS Income EPS Net income $ 35.0 $ 0.54 $ 44.1 $ 0.70 $ 185.9 $ 2.86 $ 165.6 $ 2.63
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BLACK HILLS CORP /SD/ reported the nine months ended Sept. 30, 2022 results: net income $185.9, EPS $2.86. Guidance reaffirmed.
- Period
- the nine months ended Sept. 30, 2022
- Net income
- $185.9
- EPS
- $2.86
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Net income for the three and nine months ended Sept. 30, 2022, compared to the three and nine months ended Sept. 30, 2021, was: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2022 2021 2022 2021 (in millions, except per share amounts) Income EPS Income EPS Income EPS Income EPS Net income $ 35.0 $ 0.54 $ 44.1 $ 0.70 $ 185.9 $ 2.86 $ 165.6 $ 2.63
View on SEC.gov
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