Most of Black Hills Corporation assets, like most utility companies, are regulated. If achieved this would be an 8.3% improvement from the prior year. Net income of $35.8 million, or $0.52 per share, compared favorably to net income of $28.3 million, or $0.40 per share, in the prior year.īlack Hills Corporation reaffirmed its guidance for 2022 as well, with the company expecting earnings-per-share of $3.95 to $4.15 for the year. Revenue for the quarter grew more than 27% to $474.2 million. Black Hills Corporation was founded in 1941, has a market capitalization of just under $5 billion, and generated revenue of close to $2 billion in 2021.īlack Hills Corporation reported second quarter results on August 3rd, 2022. states, including Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. In addition, the company has more than 1 million gas customers in six U.S. Business Overviewīlack Hills Corporation is a holding company for Black Hills Energy, which provides electricity to nearly 220,000 customers in Colorado, Montana, South Dakota, and Wyoming.
#FOKUS BLACK HILLS SERIES#
This article in the 2022 Blue Chip Stocks in Focus series will examine Black Hills Corporation’s recent earnings results, growth prospects, competitive advantages, and total return potential. In addition to the Excel spreadsheet above, we will individually review the top 50 blue chip stocks today as ranked using expected total returns from the Sure Analysis Research Database.
#FOKUS BLACK HILLS DOWNLOAD#
We’ve created a list of 350+ blue-chip stocks which you can download by clicking below: This includes Black Hills Corporation (BKH), which has raised its dividend for 50 consecutive years.Ī dividend growth streak of this magnitude places Black Hills Corporation among the Blue Chip stocks, which is a group of more than 350 companies with at least 10 consecutive years of dividend raises. Many utility companies count their dividend growth streaks in decades. This often provides for fairly stable and reliable results, which in turn allow for companies to return capital to shareholders in the form of dividends. The utility sector is often among the most recession-resistant because the products and services these companies provide, which includes gas, electricity, and water, are items people need for everyday life.
Published on August 4th, 2022 by Nathan Parsh
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