---
schema_version: "secwatch.filing_event.v1"
accession: "0001130464-22-000027"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:01:25.188467+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Black Hills Q3 net income down 20% YoY; reaffirms 2022 EPS, initiates 2023 guidance, dividend up 5%

## Summary
- 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.

## SEC filing metadata
- accession: 0001130464-22-000027
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130464/000113046422000027/0001130464-22-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000113046422000027/bkh-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001130464-22-000027
- JSON: https://secwatch.observer/filing/0001130464-22-000027.json
- Plain text: https://secwatch.observer/filing/0001130464-22-000027.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130464/000113046422000027/0001130464-22-000027-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130464/000113046422000027/0001130464-22-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.