Black Hills Corp. (BKH) Tops Q3 EPS by 14c; offers guidance

Black Hills Corp. (NYSE: BKH) reported Q3 EPS of $0.67, $0.14 better than the analyst estimate of $0.53. Revenue for the quarter came in at $407.1 million versus the consensus estimate of $580 million.

GUIDANCE:

Black Hills Corp. sees FY2023 EPS of $3.65-$3.85 based on the follow assumptions:

Normal weather conditions within our utility service territories including temperatures, precipitation levels and wind conditions;
Normal operations and weather conditions for planned construction, maintenance and/or capital investment projects;
Constructive and timely outcomes of utility regulatory dockets;
No significant unplanned outages at any of our generating facilities;
Production tax credits of approximately $20 million associated with wind generation assets;
Capital investment of approximately $615 million;
Equity issuance of $140 million to $160 million through the at-the-market equity offering program;
Interest expense of $180 million to $185 million, including debt refinancing activity;* and
Total operating expense of $600 million to $610 million, excluding fuel, purchased power, cost of natural gas sold, depreciation, depletion and amortization.*

For earnings history and earnings-related data on Black Hills Corp. (BKH) click here.

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