Black Hills Corp. Completes 2024 Equity Issuances
August 19 2024 - 4:15PM
Black Hills Corp. (NYSE: BKH) announced that it executed a block
equity trade through its at-the-market (“ATM”) equity offering
program to satisfy its equity needs for 2024.
For the year, the company received net proceeds of $181.6
million, for a total issuance of 3.3 million shares, which are
being used to fund its capital expenditure program and for general
corporate purposes. The completion of this transaction achieved the
company’s previously stated 2024 equity needs of $170 million to
$190 million.
"Fulfilling our 2024 equity needs supports the execution of our
long-term strategic plan," said Linn Evans, president and CEO of
Black Hills Corp. "The financing is being used to fund our capital
requirements for growth initiatives, such as the Ready Wyoming
electric transmission expansion project, and other safety and
integrity investments to provide safe, reliable, and cost-effective
energy for our customers."
Black Hills CorporationBlack Hills Corp. (NYSE:
BKH) is a customer-focused, growth-oriented utility company with a
tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the
company serves 1.34 million natural gas and electric utility
customers in eight states: Arkansas, Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. More information is
available at www.blackhillscorp.com.
CAUTION REGARDING FORWARD-LOOKING
STATEMENTS
This news release includes “forward-looking statements” as
defined by the Securities and Exchange Commission, or SEC. We make
these forward-looking statements in reliance on the safe harbor
protections provided under the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this news release that address activities,
events or developments that we expect, believe or anticipate will
or may occur in the future are forward-looking statements. These
forward-looking statements are based on assumptions which we
believe are reasonable based on current expectations and
projections about future events, including future anticipated
equity needs, and industry conditions and trends affecting our
business. However, whether actual results and developments will
conform to our expectations and predictions is subject to a number
of risks and uncertainties that, among other things, could cause
actual results to differ materially from those contained in the
forward-looking statements, the risk factors described in Item 1A
of Part I of our 2023 Annual Report on Form 10-K filed with the
SEC, and other reports that we file with the SEC from time to time.
New factors that could cause actual results to differ materially
from those described in forward looking statements emerge from
time-to-time, and it is not possible for us to predict all such
factors, or the extent to which any such factor or combination of
factors may cause actual results to differ from those contained in
any forward-looking statement. We assume no obligation to update
publicly any such forward-looking statements, whether as a result
of new information, future events or otherwise.
Investor RelationsSal
Diaz605-399-5079investorrelations@blackhillscorp.com
24-Hour Media Relations Line
888-242-3969
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