Black Hills Corp. — Third Quarter 2026 Earnings Summary

Black Hills Corp. reported third-quarter 2026 net income of $41.0 million, or $0.54 per diluted share, compared to $24.9 million or $0.34 per share in the same period of 2025. The company reaffirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 per share and announced definitive agreements to serve a planned Google data center in Wyoming, with earnings expected to begin in mid-2027. Regulatory milestones included final rate approvals for South Dakota Electric, Arkansas Gas, and Wyoming Electric, alongside requests for transmission expansion certificates totaling nearly $700 million. Additionally, the company awaits a final regulatory decision from Montana to close its merger with NorthWestern Energy, which is expected to close by the end of 2026.