RAPID CITY, S.D., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:BKH) announced that it executed a block equity trade through its at-the-market ("ATM") equity offering program to satisfy its equity needs for 2024.
For the year, the company received net proceeds of $181.6 million, for a total issuance of 3.3 million shares, which are being used to fund its capital expenditure program and for general corporate purposes. The completion of this transaction achieved the company's previously stated 2024 equity needs of $170 million to $190 million.
"Fulfilling our 2024 equity needs supports the execution of our long-term strategic plan," said Linn Evans, president and CEO of Black Hills Corp. "The financing is being used to fund our capital requirements for growth initiatives, such as the Ready Wyoming electric transmission expansion project, and other safety and integrity investments to provide safe, reliable, and cost-effective energy for ...
