RAPID CITY, S.D., Nov. 01, 2023 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced financial results for the third quarter of 2023. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2023, compared to the three and nine months ended Sept. 30, 2022, were:
Earnings of $0.67 per share for the third quarter were driven by new rates and rider recovery, recapture of lost revenue from a 2021 generation outage, expense management and a gain on a strategic sale of land in Wyoming to a customer to support continued load growth. These positive drivers more than offset impacts of inflation on operating expenses and interest expense and the impact of new shares of common stock issued.     CONSOLIDATED FINANCIAL RESULTSCONFERENCE CALL AND WEBCASTThree Months Ended Sept. 30, 2023, Compared with Three Months Ended Sept. 30, 2022Operations and maintenance expenseexpenditures.Operations and maintenance expenseexpenditures.Gas UtilitiesThree Months Ended Sept. 30, 2023, Compared with Three Months Ended Sept. 30, 2022Operations and maintenance expenseOperations and maintenance expenseCorporate and OtherThree Months Ended Sept. 30, 2023, Compared with Three Months Ended Sept. 30, 2022Three Months Ended Sept. 30, 2023, Compared with Three Months Ended Sept. 30, 2022costs for our non-qualified benefit plans which were driven by market performance.           CONSOLIDATING INCOME STATEMENTS
(GlobeNewsWire)