业绩总结 - 2021年第一季度每股收益（EPS）为1.54美元，较2020年同期的1.51美元增长1.99%[33] - 2021年第一季度的总收入为1.25亿美元，较2020年同期增长了3%[36] - 2021年第一季度的净收入为97,224千美元，EBITDA为205,081千美元[83] - 调整后的每股收益为1.59美元，较2020年的1.54美元增长了3.2%[51] - 2021年第一季度的EBITDA调整后为211.9百万美元，较2020年的195.9百万美元增长了8.9%[51] - 2021年第一季度的总收入为633.4百万美元，较2020年的537.1百万美元增长了17.9%[52] - 2021年第一季度的运营收入为138.3百万美元，较2020年的153.2百万美元下降了9.7%[52] 用户数据 - 2021年第一季度电力销售总量为2,912百万MWh，较2020年的2,789百万MWh增长了4.4%[56] - 2021年第一季度天然气销售总量为2,483百万Dth，较2020年的2,257百万Dth增长了10%[56] 未来展望 - 2021年和2022年的每股收益指导分别为3.80至4.00美元和3.95至4.15美元[22] - 预计2021年将通过成本管理和监管行动减轻冬季风暴的影响[35] - 预计2021至2025年总投资超过30亿美元[20][29] - 预计2021年将通过市场增发筹集1亿至1.2亿美元的股权[72] 新产品和新技术研发 - 2021年生产税收抵免预计为2000万美元，主要与风能发电资产相关[71][73] 资本投资与支出 - 2021年资本计划为6.47亿美元，预计2021年第一季度的资本投资为647百万美元[72] - 2021年至2025年，公用事业的总资本投资预计为25.93亿美元，其中安全、可靠性和完整性投资为6.35亿美元，增长投资为1.14亿美元[22] - 电力公用事业的资本投资在2021年为2.40亿美元，预计到2025年将减少至1.54亿美元[22] - 天然气公用事业的资本投资在2021年为3.77亿美元，预计到2025年将减少至3.26亿美元[69] 负面信息 - 冬季风暴Uri对2021年第一季度的净影响为每股收益减少0.15美元，前税影响为1250万美元[34] - 2021年第一季度的总债务为4,352百万美元，较2020年第四季度的3,771百万美元增长了15.4%[54] - 2021年第一季度的净资本化为6,963百万美元，较2020年第四季度的6,326百万美元增长了10.1%[54]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number 001-31303 Black Hills Corporation Incorporated in South Dakota IRS Identification Number 46-0458824 70 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-31303 BLACK HILLS CORPORATION Incorporated in South Dakota IRS Identification Number 46-0458824 ...

Black Hills Corporation (NYSE:BKH) Q4 2020 Earnings Conference Call February 10, 2021 11:00 AM ET Company Participants Jerome Nichols - Director, Investor Relations Linn Evans - President and Chief Executive Officer Rich Kinzley - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Weinstein - Credit Suisse Julien Dumoulin-Smith - Bank of America Andrew Weisel - Scotiabank Brandon Lee - Mizuho Operator Good day, ladies and gentlemen, and welcome to the Black Hills Corporat ...

EEI Financial Conference Nov. 9-10, 2020 Forward-Looking Statements COMPANY INFORMATION This presentation includes "forward-looking statements" as defined by the Securities and Exchange Commission. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect, believe ...

2020 Third Quarter Review Nov. 3, 2020 Forward-Looking Statements COMPANY INFORMATION This presentation includes "forward-looking statements" as defined by the Securities and Exchange Commission. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect, believe or ...

Black Hills Corporation (NYSE:BKH) Q3 2020 Earnings Conference Call November 3, 2020 11:00 AM ET Corporate Participants Jerome Nichols - Director, Investor Relations Linn Evans - President and Chief Executive Officer Rich Kinzley - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Weinstein - Credit Suisse Julien Dumoulin-Smith - Bank of America Andrew Weisel - Scotiabank Brandon Lee - Mizuho Operator Good day, ladies and gentlemen, and welcome to the Black Hills Corpora ...

Table of Contents Large Accelerated Filer x Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☐ Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ ...

Investor Meetings September 2020 Forward-Looking Statements COMPANY INFORMATION This presentation includes "forward-looking statements" as defined by the Securities and Exchange Commission. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect, believe or antic ...

Table of Contents Large Accelerated Filer x Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number 001-3 ...