share_log

Earnings Call Summary | Black Hills Corp(BKH.US) Q1 2024 Earnings Conference

Futu News ·  May 10 03:50  · Conference Call

The following is a summary of the Black Hills Corporation (BKH) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Black Hills Corporation reported an 8% increase in earnings per share for Q1 2024 compared to the same period last year.

  • Margins improvement and expense management offset the impact of warm weather, inflation, and interest rates.

  • Successful execution of the regulatory plan contributed to new rates and increased margins.

Business Progress:

  • Black Hills is working on its electric resource plans, with an additional 400 megawatts of renewable and battery resources planned for emission reduction.

  • The proposed plan includes 250 megawatts of utility-owned resources.

  • The company is focusing on 100 megawatts of utility-owned generation for customers' growing needs in South Dakota.

  • The Ready Wyoming Electric Transmission project, a 260-mile venture, is anticipated to be completed by 2025.

  • The company sustains its earnings guidance range of $3.80 to $4 per share, with expectations of earnings growth surge in the later half of the five-year plan owing to new transmission and generation investments.

More details: Black Hills Corp IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment