Quarterly ResultMay 6, 2026, 04:18 PM
Black Hills Q1 Adjusted EPS $1.79; Reaffirms 2026 Guidance $4.25-$4.45
AI Summary
Black Hills Corp. reported Q1 2026 adjusted EPS of $1.79, down from $1.87 in Q1 2025, primarily due to mild winter weather and higher costs, partially offset by new rates. The company reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45 per share, excluding merger-related costs. Significant progress was made on the merger with NorthWestern Energy, with shareholder approval and settlement agreements reached, and the company secured an agreement for a 1.8 GW data center project in Wyoming.
Key Highlights
- Q1 2026 GAAP diluted EPS was $1.73, down from $1.87 in Q1 2025.
- Q1 2026 adjusted diluted EPS was $1.79, compared to $1.87 in Q1 2025, excluding $0.05 merger costs.
- Reaffirmed 2026 adjusted EPS guidance in the range of $4.25 to $4.45 per share.
- Shareholders approved all merger proposals with NorthWestern Energy; transaction expected to close H2 2026.
- Secured agreement for a 1.8 GW data center project in Wyoming, with $201M in contributions.
- Wyoming Electric served a new all-time peak load of 393 MW, a 4% increase over 2025.
- South Dakota enacted wildfire liability legislation, effective July 1, 2026, protecting utilities.
- Declared a quarterly dividend of $0.703 per share, marking 56 consecutive years of increases.