Revenue Update on Black Hills Corp(NYSE:BKH)

Black Hills Corp(NYSE:BKH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $325.40M. Analysts estimated a revenue of $468.21M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.56.

Black Hills Corp (BKH) made into the market gainers list on Fridays trading session with the shares advancing 0.05% or 0.03 points. Due to strong positive momentum, the stock ended at $59.36, which is also near the day’s high of $59.95. The stock began the session at $59.62 and the volume stood at 4,45,603 shares. The 52-week high of the shares is $64.58 and the 52 week low is $36.8101. The company has a current market capitalization of $3,106 M and it has 5,23,24,123 shares in outstanding.

Black Hills Corp has also declared a cash dividend of $0.4200 on Jul 29, 2016. The shares will quote ex-dividend on Aug 16, 2016 and the record date has been fixed on Aug 18, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Several Insider Transactions has been reported to the SEC. On Aug 27, 2015, Richard Kinzley (CFO) purchased 1,087 shares at $38.76 per share price.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments and its Non-regulated Energy Group is comprised of Power Generation Coal Mining and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power Cheyenne Light and Colorado Electric. Its Non-regulated Energy Group which operates through various subsidiaries produces and sells electric capacity and energy through a portfolio of generating plants produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires explores for develops and produces natural gas and crude oil in the Rocky Mountain region.

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