Black Hills Corp. announced the completion of its remaining 2025 equity needs by executing a block equity trade through its at-the-market (ATM) equity offering program. For the year, the company received net proceeds of $219.6 million from the issuance of 3.7 million shares.
These funds are being utilized to finance the company's $1.0 billion capital expenditure program in 2025 and for general corporate purposes. The completion of this transaction fulfilled the company’s previously stated 2025 equity issuance range of $215 million to $235 million.
The equity raise supports the execution of Black Hills' long-term strategic plan, including funding growth initiatives such as the Ready Wyoming electric transmission expansion project and the Lange II 99 MW dispatchable generation resource in South Dakota. These investments are critical for providing safe, reliable, and cost-effective energy to customers.
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