Black Hills Corp. Reaffirms Earnings and Growth Prospects

Black Hills ( (BKH) ) has released its Q1 earnings. Here is a breakdown of the information Black Hills presented to its investors.

Black Hills Corp., a utility company based in Rapid City, South Dakota, provides natural gas and electric services to 1.35 million customers across eight states, focusing on energy solutions and customer satisfaction. In its first-quarter 2025 earnings report, Black Hills Corp. reaffirmed its earnings guidance for the year, projecting earnings per share between $4.00 and $4.20, and highlighted a 4-6% expected growth in EPS. The company reported an operating income of $205 million, up from $193.3 million in the previous year, and maintained an EPS of $1.87, benefiting from new rates and favorable weather conditions. Key developments include the completion of rights-of-way for a major transmission expansion in Wyoming and new peak load achievements driven by data center and blockchain growth. Additionally, Black Hills is seeking $35 million in new annual revenues in Nebraska and has enacted wildfire legislation in Wyoming to protect utilities. Looking forward, Black Hills Corp. remains confident in its long-term EPS growth target of 4% to 6%, supported by its utility rate base growth and increasing data center demand, with plans to serve 500 megawatts of data center demand by 2028. The company continues to advance its strategic initiatives, including transmission and generation investments, to drive future growth.