Quarterly ResultAug 5, 2026, 04:34 PM
Black Hills Q2 EPS $0.50, Reaffirms 2026 Guidance
AI Summary
Black Hills Corp. reported strong financial results for the second quarter of 2026, with GAAP EPS increasing to $0.50 and Adjusted EPS reaching $0.54, both up from the prior year. The company reaffirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 per share. Key highlights include significant progress on a 1.8 GW data center project in Wyoming, which has already secured $377 million in refundable advances, and continued advancement of the merger with NorthWestern Energy, with only one regulatory approval remaining. The company also noted increased operating income for both its Electric and Gas Utilities segments.
Key Highlights
- Q2 2026 GAAP EPS was $0.50, up from $0.38 in Q2 2025.
- Q2 2026 Adjusted EPS was $0.54, excluding $0.04 merger costs, up from $0.38 in Q2 2025.
- Reaffirmed 2026 adjusted EPS guidance in the range of $4.25 to $4.45 per share.
- Progressing toward completion of definitive agreements for a 1.8 GW data center project in Wyoming.
- Wyoming Electric recorded four new all-time customer load peaks, with the most recent at 439 MW.
- Received $377 million in refundable advances for generation equipment for a prospective data center customer.
- Board approved a quarterly dividend of $0.703 per share, marking 56 consecutive years of increases.
- Electric Utilities' operating income increased by $12.1 million in Q2 2026.
Price Impact
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