$4.6B All-Stock Merger: Black Hills Files Pro Forma Financials, Revealing $1.28B Q1 Combined Revenue
BKH sits 31% above its 52-week low of $55.485.
Summary
Black Hills Corp. has filed pro forma combined financials and NorthWestern historical statements related to their pending all-stock merger. The filing reveals pro forma combined Q1 2026 revenue of $1.278 billion and a preliminary estimated merger consideration of $4.6 billion. This provides significant new financial detail following previous announcements of the merger's progress in the company's recent Q1 earnings 8-K and 10-Q filings. The substantial estimated merger consideration, relative to Black Hills' market cap, makes these pro forma figures critical for investors to evaluate the financial implications and valuation of the combined entity. The transaction remains subject to regulatory approvals and is anticipated to close in H2 2026, with traders now focused on these upcoming milestones.
At the time of this announcement, BKH was trading at $72.84 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $55.49 to $78.69. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.