Business
Black Hills Corp. Completes 2025 Equity Issuances
RAPID CITY, S.D., Sept. 26, 2025 (GLOBE NEWSWIRE) -- 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 remaining 2025 equity needs. For the year, the company received net proceeds of $219.6 million, for a total issuance of 3.7 million shares, which are being used to fund its $1.0 billion capital expenditure program in 2025 and for general corporate purposes. The completion of this transaction ful
About this update from Black Hills Corporation
[{"type":"image","alt":"Black Hills Service Company, LLC","displaySize":"","headline":null,"caption":"Black Hills Service Company, LLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":190,"height":115,"url":"https://media.zenfs.com/en/globenewswire.com/fbb10a3ed0d18336449a703cfe81f0ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MzslLEDubj7fMRmn2aFl4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTIxODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fbb10a3ed0d18336449a703cfe81f0ea","width":190,"height":115}},"lazy":false},{"type":"text","content":"RAPID CITY, S.D., Sept. 26, 2025 (GLOBE NEWSWIRE) -- 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 remaining 2025 equity needs.","length":232,"tagName":"p"},{"type":"text","content":"For the year, the company received net proceeds of $219.6 million, for a total issuance of 3.7 million shares, which are being used to fund its $1.0 billion capital expenditure program in 2025 and for general corporate purposes. The completion of this transaction fulfilled the company’s previously stated 2025 equity issuance range of $215 million to $235 million. ","length":366,"tagName":"p"},{"type":"text","content":""Completing our 2025 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, including the Ready Wyoming electric transmission expansion project on track to be placed in-service by year-end 2025, the Lange II 99 MW dispatchable generation resource in South Dakota targeted for completion in the second half of 2026, and other safety and integrity investments to provide safe, reliable, and cost-effective energy for our customers."","length":607,"tagName":"p"},{"type":"text","content":"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 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available a...