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Black Hills Corp. Completes 2024 Equity Issuances

Aug 19, 2024•almost 2 years ago

Contract Type

partnership

Rapid CityEnergyOil And GasRenewable EnergyBiomass Energy

Description

Black Hills Corp completed a block equity trade to satisfy its equity needs for 2024, receiving net proceeds of $181.6 million and a total issuance of 3.3 million shares. The funds are being used to finance growth initiatives and other safety and integrity investments.

Company Information

Company

Black Hills

Location

Rapid City, South Dakota, United States

About

The company expects the offering to close on March 7, 2023, subject to customary closing conditions. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

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Based on industry data
Strategic partnership established
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