From GlobeNewswire: 2025-05-07 18:32:00

Black Hills Corp. reaffirms their 2025 earnings guidance of $4.00 to $4.20 per share, expecting a growth rate of 4-6%. They have obtained all rights-of-way for a 260-mile transmission expansion in Wyoming, and served a new peak load at Wyoming Electric. Seeking $35 million in new annual revenue in Nebraska. Legislation in Wyoming now protects utilities from wildfire liability.

In the first quarter of 2025, Black Hills Corp. reported operating income of $205.0 million, net income available for common stock of $134.3 million, and earnings per share of $1.87. They have implemented new electric rates in Colorado and are advancing various projects, including a transmission expansion in Wyoming. The company also filed for new gas rates in Nebraska and Kansas.

Black Hills Corp. is on track to serve 500 megawatts of data center demand by 2028, doubling earnings contribution to more than 10%. Seeking new generation resources in South Dakota and Colorado. The company’s earnings guidance for 2025 remains at $4.00 to $4.20 per share, with a 4-6% long-term growth target. They also reported positive financial results for the first quarter of 2025.

Wyoming has enacted legislation protecting utilities from liability for damages when following commission-approved wildfire mitigation plans. Black Hills Corp. continues to make progress on various projects, aiming to provide reliable service and continue to grow. They are confident in their 2025 earnings guidance and long-term growth target of 4-6%.



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