Black Hills (BKH) executed a block equity trade through its at-the-market equity offering program to satisfy its remaining 2025 equity needs. For the year, the company received net proceeds of $219.6 million, for a total issuance of 3.7 million shares, which are being used to fund its $1.0 billion capital expenditure program in 2025 and for general corporate purposes. The completion of this transaction fulfilled the company’s previously stated 2025 equity issuance range of $215 million to $235 million.
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