Black Hills reaffirms FY23 EPS Guidance Of $3.65-$3.85 Vs $3.76 Est.
Portfolio Pulse from Happy Mohamed
Black Hills Corporation has reaffirmed its FY23 earnings per share (EPS) guidance of $3.65-$3.85, which is in line with the estimated $3.76. The guidance is based on several assumptions including normal weather conditions, normal operations for planned projects, constructive regulatory outcomes, no significant unplanned outages, production tax credits of $20 million, capital investment of $615 million, equity issuance of $140-$160 million, interest expense of $180-$185 million, and total operating expense of $600-$610 million. The company will announce its 2024 earnings guidance during its year-end 2023 earnings call.
August 04, 2023 | 12:18 pm
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NEUTRAL IMPACT
Black Hills Corporation's reaffirmed FY23 EPS guidance aligns with the estimated $3.76, indicating stable financial performance. The company's assumptions for the guidance suggest a positive outlook, barring any significant disruptions.
The reaffirmed guidance indicates that Black Hills Corporation is confident in its financial performance for FY23. The assumptions, which include normal weather and operations, no significant outages, and specific financial figures, suggest that the company has a positive outlook for the year. However, any significant disruptions to these assumptions could impact the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100