StockWatch
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Electric Utilities: Central
Quarterly ResultAug 5, 2026, 04:18 PM

Black Hills Q2 Adjusted EPS $0.54; Reaffirms 2026 Guidance

AI Summary

Black Hills Corp. announced strong financial results for Q2 2026, with adjusted EPS rising to $0.54 from $0.38 in the prior year, and reaffirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 per share. The company is making significant progress on a 1.8 GW data center project in Wyoming and served a new all-time peak load at Wyoming Electric. The merger with NorthWestern Energy is on track, awaiting final regulatory approval from Montana, and the company also completed regulatory requirements for new wildfire liability protections in South Dakota and Wyoming.

Key Highlights

  • Q2 2026 Adjusted EPS was $0.54, up from $0.38 in Q2 2025.
  • Q2 2026 GAAP EPS was $0.50, up from $0.38 in Q2 2025.
  • Reaffirmed 2026 adjusted EPS guidance in the range of $4.25 to $4.45.
  • Progressing toward definitive agreements for a 1.8 GW data center project in Wyoming.
  • Wyoming Electric served new all-time peak load of 439 MW on July 20, 2026, a 16% increase YoY.
  • Merger with NorthWestern Energy is on track, pending final Montana regulatory approval.
  • Board approved a quarterly dividend of $0.703 per share.
  • Electric utilities achieved a 43% reduction in emissions intensity compared to 2005.