BLACK HILLS CORP /SD/ (BKH) Form 8-K — Nov 4, 2026
Black Hills Corp. reported strong Q3 2026 results: GAAP EPS of $0.54 vs $0.34 last year and adjusted EPS of $0.57 vs $0.45, driven by $0.15 per share of new rates and rider recovery plus $0.06 of weather favorability. The company reaffirmed 2026 adjusted EPS guidance of $4.25-$4.45 and expects to deliver in the upper half of its 4-6% long-term growth target. The headline growth story is a definitive agreement (signed Sept.
Key figures
- Eps
- Q3 GAAP $0.54 vs $0.34; Q3 adjusted $0.57 vs $0.45
- Revenue
- 466100000
- Guidance
- 2026 adjusted EPS reaffirmed at $4.25-$4.45, excluding merger-related costs; expects upper half of 4-6% long-term EPS growth target
- Net Income
- Q3 GAAP net income $41.0M vs $24.9M; adjusted $43.6M vs $32.5M
- Revenue Yoy
- Q3 revenue $466.1M vs $430.2M (+8.4%); nine-month $1,699.6M vs $1,674.5M
- Quarterly dividend
- $0.703 per share (56 consecutive years of increases)
- Atm shares issued ytd
- 1.0 million shares for $69 million net proceeds
- Arkansas gas new revenue
- $17.9 million
- Total large load investment
- $2.5 billion
- Google project unlevered fcf
- ~$2.4 billion through 2048
- Google data center investment
- $1.8 billion in 564 MW new generation
- Wyoming transmission projects
- $686 million ($80M South Cheyenne + $606M Aeolus)
- Google project net income 2030
- $150 million
- Wyoming rate settlement revenue
- $4.0 million
- South dakota rate settlement revenue
- $27.4 million
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