Black Hills Corp Completes $350 Million Ready Wyoming Electric Transmission Project in 3 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
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.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
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 80.00 USD with a low forecast of 73.00 USD and a high forecast of 87.00 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: 72.160
Low
73.00
Averages
80.00
High
87.00
Current: 72.160
Low
73.00
Averages
80.00
High
87.00
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.
Black Hills Corp. Increases Quarterly Dividend to $0.703, Marking 56 Years of Growth
- Dividend Increase: Black Hills Corp. announces an increase in its quarterly dividend to $0.703 per share, up $0.027 from the previous quarter, reflecting the company's confidence in its long-term strategy and growth, which is expected to attract more investor interest.
- Sustained Record: This dividend adjustment marks 56 consecutive years of dividend increases for Black Hills, making it the second-longest record in the electric and natural gas utility industry, further solidifying its leadership position in the sector.
- Historical Legacy: Having paid annual dividends since 1942, Black Hills has maintained this practice for 84 consecutive years, demonstrating a strong commitment to shareholder returns, which enhances investor trust.
- Customer Base: Serving 1.35 million natural gas and electric utility customers across eight states, including Arkansas and Colorado, Black Hills' robust customer base provides solid support for its continued growth.
Continue Reading
BLACK HILLS CORP RAISES QUARTERLY DIVIDEND TO $0.703 PER SHARE
- Dividend Increase: Black Hills Corp has raised its quarterly dividend to $0.703 per share.
- Financial Performance: The increase reflects the company's strong financial performance and commitment to returning value to shareholders.
Continue Reading