Black Hills Corporation (NYSE:BKH) Q3 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 11:00 am ET


Black Hills Corporation (NYSE:BKH) Q3 2019 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen and welcome to the Black Hills Corporation Third Quarter 2019 Earnings Conference Call. My name is Daniel and I will be your coordinator for today. [Operator Instructions] Following the prepared remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the presentation over to Mr. Jerome Nichols, Director of Investor Relations of Black Hills Corporation. Please proceed sir.

Jerome E. Nichols

Thank you, Daniel. Good morning, everyone. Welcome to Black Hills Corporation's third quarter 2019 earnings conference call. Before we begin today, we would like to note that Black Hills will be attending the EEI Financial Conference starting November 10th in Orlando, Florida. Our leadership will be making a presentation at the conference and the materials and webcast information will be posted on our website at, under the Investor Relations heading.

Leading our quarterly earnings discussion today are Linn Evans, President and Chief Executive Officer and Rich Kinzley, Senior Vice President and Chief Financial Officer. During our earnings discussion today, some of the comments we make may contain forward-looking statements as defined by the Securities and Exchange Commission. And there are a number of uncertainties inherent in such comments. Although we believe that our expectations and beliefs are based on reasonable assumptions, actual results may differ materially. We direct you to our earnings release slide two of the investor presentation on our website and our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission for a list of some of the factors that could cause future results to differ materially from our expectations.

I will now turn the call over to Linn Evans.

Linden Evans

Thank you. Jerome. Good morning everyone and thank you for joining us this morning and for your interest in Black Hills. Before I dive into the quarter's results, I'd like to start this meeting as we do all the meetings at Black Hills with a safety focus. First I'd like to personally thank the teams who have been maintaining and hardening our infrastructure systems over the past several years. This winter has already hit much of our service territory within the past several weeks. In a recent snow storm, our system sustained some pretty stiff winds here in South Dakota, with wind gust greater than 80 mph at one point. It's noteworthy that despite those conditions, we did not experience a single customer outage related to the storm. I believe that says a lot about the team of men and women who are designing, constructing and maintaining our systems.

Many of that team are listening to this call today or will later on and I'm going to take a moment to say thank you for your focus on safety, while you maintain a persistent focus on keeping yourself, your fellow teammates and our customers and our communities safe every day, well done.

I'll start on slide 5. I am pleased with our solid third quarter results, earnings met our expectations. Our operations team performed well