Black Hills Corp Completes $350 Million Ready Wyoming Electric Transmission Project in 3 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Globenewswire
- Project Completion: Black Hills Corp has successfully completed its $350 million, 260-mile Ready Wyoming electric transmission expansion project, which was placed into service on schedule in December 2025, significantly enhancing interconnectivity between electric systems in South Dakota and Wyoming.
- Customer Value Enhancement: The project is expected to provide long-term cost stability and reliable energy supply for customers, not only reducing reliance on third-party transmission but also strengthening the company's competitive position in energy markets.
- Economic Growth Support: By enhancing system resiliency and access to power markets, the project will support local economic growth and facilitate future development of energy resources in Wyoming, demonstrating the company's commitment to regional development.
- Team Execution Excellence: Black Hills Corp executives praised the team's remarkable planning and execution capabilities, achieving the project vision in just three years, which showcases the company's ability to overcome challenges and deliver for its customers and communities.
Analyst Views on BKH
Wall Street analysts forecast BKH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKH is 77.00 USD with a low forecast of 73.00 USD and a high forecast of 81.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 71.920
Low
73.00
Averages
77.00
High
81.00
Current: 71.920
Low
73.00
Averages
77.00
High
81.00
About BKH
Black Hills Corporation is a customer-focused, growth-oriented utility company. It serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its segments include Electric Utilities and Gas Utilities. Its Electric Utilities segment generates, transmits and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,196 miles of electric transmission and distribution lines. Its Gas Utilities segment serves over 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. Its Gas Utilities own and operate 4,648 miles of intrastate gas transmission pipelines and 44,524 miles of gas distribution mains and service lines, seven natural gas storage sites, over 50,000 horsepower of compression, and 516 miles of gathering lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
