Black Hills Q2 EPS Jumps 42% to $0.54 Adjusted, Reaffirms 2026 Guidance
BKH sits 24% above its 52-week low of $58.06.
Summary
Black Hills delivered a strong Q2, with adjusted EPS of $0.54 beating last year's $0.38 by 42%, driven by new rates and rider recovery. Year-to-date adjusted EPS of $2.33, excluding merger costs, keeps the company on track to hit the upper half of its 4-6% long-term growth target. The reaffirmed 2026 guidance and progress on the NorthWestern merger—now needing only Montana PSC approval—add confidence. Large-load demand pipeline of over 3 GW, including a 1.8 GW data center project, provides upside optionality. The $320M Lange II generation facility is on schedule for year-end service, with cost recovery filed.
At the time of this announcement, BKH was trading at $71.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $58.06 to $78.69. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.