Black Hills Corp. Reports Strong First Quarter 2022 Results and Reaffirms Earnings Guidance
Earnings per share increased 18% in the first quarter of 2022 compared to the first quarter of 2021.
- Earnings per share increased 18% in the first quarter of 2022 compared to the first quarter of 2021.
- Earnings benefited from new rates and rider recovery, customer growth, increased off-system energy sales and mark-to-market benefits on energy contracts.
- Im pleased with our strong first quarter financial and operational performance, said Linn Evans, president and CEO of Black Hills Corp. We delivered financial results in line with our expectations, and we are reaffirming our 2022 EPS guidance of $3.95 to $4.15.
- During the first quarter, Black Hills issued 55,707 shares of new common stock for net proceeds of $3.8 million under its at-the-market equity offering program.