Black Hills (NYSE:BKH) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.13b (down 8.7% from FY 2023).
• Net income: US$273.1m (up 4.2% from FY 2023).
• Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$3.91 (in line with FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Black Hills EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.

The primary driver behind last 12 months revenue was the Gas Utilities segment contributing a total revenue of US$1.27b (60% of total revenue). Notably, cost of sales worth US$1.29b amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$270.1m (48% of total expenses). Explore how BKH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Integrated Utilities industry in the US.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.