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Black Hills Corp. Reports 2017 Fourth Quarter and Full Year Results

BLACK HILLS (BKH)  More Company Research Source: GlobeNewswire
Last black hills earnings: 2/1 08:30 pm Check Earnings Report
PDF Board of directors approves quarterly dividend of $0.475 per share 2018 earnings guidance revised RAPID CITY, S.D., Feb. 01, 2018 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) today announced 2017 fourth quarter and full year financial results. GAAP income from continuing operations for the fourth quarter and full year of 2017 was $71 million and $201 million, or $1.30 and $3.65 per diluted share, respectively, compared to $52 million and $137 million, or $0.96 and $2.57 per diluted share, respectively, for the same periods in the prior year. The three and 12 months ending Dec. 31, 2017 included a $15 million or $0.26 per share tax benefit resulting from the impact of the Tax Cuts and Jobs Act enacted on Dec. 22, 2017. This impact from the TCJA is discussed in more detail below. GAAP net income for the fourth quarter and full year of 2017 was $58 million and $184 million, or $1.05 and $3.34 per diluted share, respectively, compared to $18 million and $73 million, or $0.33 and $ [Read more]

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