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Black Hills Corp. (BKH)
NYSE:BKH
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.3Last Year’s EPS
$1.17Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -2.95%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant strategic progress in customer rates and data center growth, but also acknowledged challenges such as unplanned outages and increased costs. Despite these challenges, the company reaffirmed its financial guidance and highlighted strong operational reliability and a solid financial position.Company Guidance
During the Q3 2024 earnings call for Black Hills Corporation, the company reaffirmed its earnings guidance range of $3.80 to $4 per share, indicating confidence in achieving their financial targets despite challenges such as mild weather, unplanned generation outages, and increased insurance expenses. The corporation reported a 98% availability for natural gas units and 95% overall availability across generation facilities, demonstrating robust operational performance. They are on track with an $800 million capital plan for the year and have achieved a net debt to capitalization target of 55%, maintaining a BBB+ credit rating. Black Hills also highlighted a strategic focus on data center and blockchain growth opportunities, with expectations to grow EPS contribution from these sectors from 5% in 2023 to over 10% by 2028. Additionally, the company is targeting a long-term EPS growth of 4% to 6% annually and plans to invest $4.3 billion over the next five years in capital projects.Strong Financial Position
Achieved net debt to capitalization target of 55% and maintained BBB+ credit rating. Completed major financing needs for the year, including issuance of $109 million of new equity.
New Customer Rates and Revenue Growth
Received approval for new customer rates in Arkansas and a settlement in Iowa, contributing to $25.4 million and $15 million in new annual revenue, respectively.
Data Center and Blockchain Growth
Announced plans to serve Meta's first data center in Cheyenne, Wyoming. Expect earnings from data centers to grow EPS contribution from 5% in 2023 to more than 10% by 2028.
Operational Excellence and Reliability
Maintained 98% availability for natural gas units and 95% total availability across generation facilities. Achieved top quartile reliability for electric utilities according to EEI.
Planned Capital Investments
On track with $800 million capital plan for the year, with a 5-year plan totaling $4.3 billion. Major projects include Ready Wyoming transmission project and Colorado Clean Energy Plan.
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BKH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $59.73 | $58.95 | -1.31% |
| Jul 31, 2024 | $57.78 | $58.02 | +0.42% |
| May 08, 2024 | $54.52 | $55.70 | +2.16% |
| Feb 07, 2024 | $47.39 | $48.95 | +3.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Black Hills Corp. (BKH) report earnings?
Black Hills Corp. (BKH) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Black Hills Corp. (BKH) earnings time?
Black Hills Corp. (BKH) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKH EPS forecast?
BKH EPS forecast for the fiscal quarter 2024 (Q4) is $1.3.
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