Earnings Releases·Nov 4, 2026, 5:21 PM ET

Black Hills Corp. — Third Quarter 2026 Earnings Summary

GAAP net income rose to $41.0 million for the quarter (vs. $24.9 million prior year) and $210.2 million year-to-date (vs. $186.6 million), while adjusted diluted EPS reached $0.57 for the quarter and $2.89 year-to-date, up from $0.45 and $2.68 respectively.
Reaffirmed 2026 adjusted EPS guidance of $4.25 to $4.45 per share, excluding merger-related costs, with expectations to deliver in the upper half of its 4% to 6% long-term EPS growth target.
Executed a definitive agreement to serve Google's Cheyenne data center, involving $1.8 billion in new generation and 2.1 GW of contracted resources, with earnings anticipated to begin mid-2027 and reach approximately $150 million net income by 2030.
Completed rate reviews generating $49.3 million in new annual revenue across South Dakota, Wyoming, and Arkansas, while issuing $69 million in new equity and approving a quarterly dividend of $0.703 per share.
Pending merger with NorthWestern Energy awaits final Montana Public Service Commission approval to close by year-end 2026, with 2026 guidance excluding the impact of this transaction.