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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKH:
- Black Hills Announces Merger with NorthWestern Energy
- Buy Rating for Black Hills and NorthWestern Energy Merger: Strategic Growth and Regulatory Strengths Highlighted
- U.S. Gold subsidiary signs contract with subsidiary of Black Hills
- Black Hills: Stable Earnings and Growth Potential Drive Buy Rating
- Black Hills upgraded to Neutral from Underperform at BofA