We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Black Hills (BKH) Q4 Earnings Beat Estimates, Revenues Miss
Read MoreHide Full Article
Black Hills Corporation (BKH - Free Report) posted fourth-quarter 2019 operating earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.09 by 3.67%. The bottom line improved 7.6% from $1.05 in the year-ago quarter.
For 2019, the company reported earnings of $3.53 compared with $3.54 in 2018.
Total Revenues
Black Hills’ fourth-quarter revenues of $478 million missed the Zacks Consensus Estimate of $516 million by 7.35%. Revenues fell 4.6% from the prior-year quarter’s tally of $501.2 million.
Black Hills’ total operating revenues for 2019 totaled $1,734.9 million, down 1.1% from $1,754.3 million in 2018.
Black Hills Corporation Price, Consensus and EPS Surprise
Depreciation and amortization increased primarily due to higher asset base driven by prior and current-year capital expenditures.
Operating income in the reported quarter increased 6.4% from the prior-year quarter’s tally to $121.4 million.
Total interest expenses amounted to $35.2 million compared with $35.1 million in the year-ago quarter.
On Dec 11, Wyoming Gas received approval of consolidated rate review settlement agreement.
On Nov 26, the $71-million 60-megawatt wind generation project placed in service.
Looking Ahead
Black Hills reaffirmed 2020 earnings per share guidance in the range of $3.55-$3.75 whose mid-point of $ 3.65 is lower than the Zacks Consensus Estimate of $3.71 for 2020 earnings.
The company expects to invest $669 million in 2020.
Xcel Energy (XEL - Free Report) posted fourth-quarter 2019 operating earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 5.6%.
NextEra Energy (NEE - Free Report) reported fourth-quarter 2019 adjusted earnings of $1.44 per share, which lagged the Zacks Consensus Estimate of $1.54 by 6.5%.
CMS Energy Corp. (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents, which missed the Zacks Consensus Estimate of 69 cents.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Black Hills (BKH) Q4 Earnings Beat Estimates, Revenues Miss
Black Hills Corporation (BKH - Free Report) posted fourth-quarter 2019 operating earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.09 by 3.67%. The bottom line improved 7.6% from $1.05 in the year-ago quarter.
For 2019, the company reported earnings of $3.53 compared with $3.54 in 2018.
Total Revenues
Black Hills’ fourth-quarter revenues of $478 million missed the Zacks Consensus Estimate of $516 million by 7.35%. Revenues fell 4.6% from the prior-year quarter’s tally of $501.2 million.
Black Hills’ total operating revenues for 2019 totaled $1,734.9 million, down 1.1% from $1,754.3 million in 2018.
Black Hills Corporation Price, Consensus and EPS Surprise
Black Hills Corporation price-consensus-eps-surprise-chart | Black Hills Corporation Quote
Quarterly Highlights
In 2019, the company invested $850 million.
Depreciation and amortization increased primarily due to higher asset base driven by prior and current-year capital expenditures.
Operating income in the reported quarter increased 6.4% from the prior-year quarter’s tally to $121.4 million.
Total interest expenses amounted to $35.2 million compared with $35.1 million in the year-ago quarter.
On Dec 11, Wyoming Gas received approval of consolidated rate review settlement agreement.
On Nov 26, the $71-million 60-megawatt wind generation project placed in service.
Looking Ahead
Black Hills reaffirmed 2020 earnings per share guidance in the range of $3.55-$3.75 whose mid-point of $ 3.65 is lower than the Zacks Consensus Estimate of $3.71 for 2020 earnings.
The company expects to invest $669 million in 2020.
Zacks Rank
Black Hills carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility Releases
Xcel Energy (XEL - Free Report) posted fourth-quarter 2019 operating earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 5.6%.
NextEra Energy (NEE - Free Report) reported fourth-quarter 2019 adjusted earnings of $1.44 per share, which lagged the Zacks Consensus Estimate of $1.54 by 6.5%.
CMS Energy Corp. (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents, which missed the Zacks Consensus Estimate of 69 cents.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>