Black Hills reaffirms FY23 EPS view $3.65-$3.85, consensus $3.75

Black Hills affirms its guidance for 2023 earnings per share available for common stock to be in the range of $3.65 to $3.85 based on the follow assumptions: Normal weather conditions within our utility service territories including temperatures, precipitation levels and wind conditions; Normal operations and weather conditions for planned construction, maintenance and/or capital investment projects; Constructive and timely outcomes of utility regulatory dockets; No significant unplanned outages at any of our generating facilities; Production tax credits of approximately $20 million associated with wind generation assets; Capital investment of approximately $615 million; Equity issuance of $140 million to $160 million through the at-the-market equity offering program; Interest expense of $180 million to $185 million, including debt refinancing activity; and Total operating expense of $600 million to $610 million, excluding fuel, purchased power, cost of natural gas sold, depreciation, depletion and amortization.