Last $55.35 USD
Change Today -0.53 / -0.95%
Volume 99.6K
BKH On Other Exchanges
Symbol
Exchange
New York
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As of 2:39 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

black hills corp (BKH) Snapshot

Open
$55.65
Previous Close
$55.88
Day High
$55.93
Day Low
$55.25
52 Week High
07/1/14 - $62.13
52 Week Low
09/6/13 - $46.62
Market Cap
2.5B
Average Volume 10 Days
313.2K
EPS TTM
$7.73
Shares Outstanding
44.6M
EX-Date
05/14/14
P/E TM
7.2x
Dividend
$1.56
Dividend Yield
2.78%
Current Stock Chart for BLACK HILLS CORP (BKH)

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black hills corp (BKH) Details

Black Hills Corporation, through its subsidiaries, operates as a diversified energy company in the United States. The company’s Electric Utilities segment generates, transmits, and distributes electricity to approximately 203,500 electric customers in South Dakota, Wyoming, Colorado, and Montana; and distributes natural gas to approximately 35,500 gas utility customers in Cheyenne, Wyoming. This segment owns 790 megawatts of generation capacity and 8,599 miles of electric transmission and distribution lines. Its Gas Utilities segment distributes natural gas to approximately 538,000 natural gas utility customers in Colorado, Nebraska, Iowa, and Kansas. This segment owns 604 miles of intrastate gas transmission pipelines and 19,998 miles of gas distribution mains and service lines. The company’s Power Generation segment produces electric power and sells the electric capacity and energy primarily to its utilities under long-term contracts. Its Coal Mining segment produces coal at its coal mine located near Gillette, Wyoming and sells the coal to electric generation facilities. The company’s Oil and Gas segment explores, develops, and produces crude oil and natural gas primarily in the Rocky Mountain region. This segment’s principal assets include the operating interests in the properties in the San Juan basin, the Powder River basin, and the Piceance basin; and non-operated interests in wells located in the Williston, Wind River, Bear Paw Uplift, Arkoma, Anadarko, and Sacramento basins. As of December 31, 2013, it had total reserves of approximately 87 billion cubic feet equivalent of natural gas and crude oil. Black Hills Corporation also provides appliance repair services to approximately 62,000 residential customers; and constructs gas infrastructure facilities for gas transportation customers. The company was founded in 1941 and is headquartered in Rapid City, South Dakota.

1,948 Employees
Last Reported Date: 02/26/14
Founded in 1941

black hills corp (BKH) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $689.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $361.2K
President of Utilities and Chief Operating Of...
Total Annual Compensation: $428.5K
Chief Compliance officer, Senior Vice Preside...
Total Annual Compensation: $316.3K
Chief Human Resource Officer and Senior Vice ...
Total Annual Compensation: $312.2K
Compensation as of Fiscal Year 2013.

black hills corp (BKH) Key Developments

Black Hills Corp. to Build a $222 Million Power Plant in Cheyenne, Wyo

Black Hills Corp. announced that its Black Hills Power and Cheyenne Light Fuel & Power electric utility subsidiaries entered into Bond Purchase Agreements, dated as of June 30, 2014, to authorize the sale of $160 million of first mortgage bonds in a private placement for the Cheyenne Prairie Generating Station financing. Black Hills Power will issue $85 million of 4.43% first mortgage bonds due Oct. 20, 2044. Cheyenne Light will issue $75 million of 4.53% first mortgage bonds due Oct. 20, 2044. The closing date for the sale of the first mortgage bonds for both utilities is anticipated Oct. 1, 2014. The proceeds from the $160 million sale of first mortgage bonds will provide financing for the Cheyenne Prairie Generating Station, a $222 million power plant being built in Cheyenne, Wyo. The new power plant will serve customers for both Black Hills Power and Cheyenne Light.

Black Hills Corporation Enters into an Amended and Restated Credit Agreement with Financial Institutions

On May 29, 2014, Black Hills Corporation entered into an Amended and Restated Credit Agreement among the company, as Borrower; the financial institutions from time to time party thereto, as Banks; U.S. Bank, National Association, as Administrative Agent; The Bank of Nova Scotia and Union Bank, N.A., as Co-Syndication Agents; Wells Fargo Bank National Association and Royal Bank of Canada, as Co-Documentation Agents; and U.S. Bank, National Association, The Bank of Nova Scotia and Union Bank, N.A., as Co-Lead Arrangers and Co-Book Runners. The Amended Facility is a $500 million, unsecured revolving credit facility that will be used to fund working capital needs and for general corporate purposes. The Amended Facility can be increased to $750 million under certain conditions and expires May 29, 2019. The cost of borrowing under the New Facility is based on the higher of the company's credit ratings by Standard & Poor's and Moody's and is currently at a spread of 112.5 basis points over LIBOR. The company also pays a commitment fee on any unused facility commitment which is currently at a spread of 17.5 basis points over LIBOR. The Amended Facility extended the term of the $500 million Black Hills Corporation Credit Agreement dated February 1, 2012, from February 1, 2017 to May 29, 2019. The Amended Facility also reduced the cost of borrowing and the commitment fee from a current spread of 137.5 basis points over LIBOR to 112.5 basis points over LIBOR for borrowings, and from a current spread of 20 basis points over LIBOR to 17.5 basis points over LIBOR for the unused facility commitments. Current borrowings under the Amended Facility are $112 million with an additional $21 million of letters of credit issued.

Black Hills Corporation Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Production and Earnings Guidance for the Year 2014

Black Hills Corporation announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income as adjusted (non-GAAP) of $48.1 million or $1.08 against $38.4 million or $0.87 per share a year ago. GAAP net income was $48.1 million or $1.08 against $43.2 million or $0.97 per share a year ago. Revenue was $460.1 million against $380.7 million a year ago. Operating income was $89.6 million against $79.8 million a year ago. The company achieved $126.5 million of EBITDA driven by the improved operating income. This is a 10% increase year-over-year. For the year 2014, the company expects oil and natural gas production in the range of 11.0 to 12.0 Bcf equivalent. The company increased 2014 earnings guidance to the range of $2.65 to $2.85. The company expects to spend about $1.2 billion in 2014 through 2016, with CapEx projected to be far in excess of depreciation. Much of that capital expenditure will be directed towards utilities and continuing to provide excellent service to customers by adding necessary infrastructure to serve their needs.

 

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BKH

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Valuation BKH Industry Range
Price/Earnings 20.6x
Price/Sales 1.8x
Price/Book 1.9x
Price/Cash Flow 9.5x
TEV/Sales 0.7x
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