Quarterly ResultMay 6, 2026, 04:47 PM
Black Hills Reaffirms 2026 EPS Guidance; Reports Q1 Results
AI Summary
Black Hills Corp. reaffirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 per share, excluding merger-related costs. The company reported Q1 2026 GAAP EPS of $1.73 and adjusted EPS of $1.79, both lower than Q1 2025, primarily due to mild weather, higher financing and depreciation costs, partially offset by new rates and lower operations and maintenance expenses. Strategic progress includes shareholder approval for the merger with NorthWestern Energy, an agreement for a 1.8 GW data center project in Wyoming, and new wildfire liability legislation in South Dakota.
Key Highlights
- Reaffirms 2026 adjusted EPS guidance in the range of $4.25 to $4.45.
- Q1 2026 GAAP EPS was $1.73, down from $1.87 in Q1 2025.
- Q1 2026 Adjusted EPS was $1.79, down from $1.87 in Q1 2025.
- Shareholders approved merger with NorthWestern Energy; regulatory settlements reached in three states.
- Executed agreement for a 1.8 GW data center project in Wyoming, with $201M in contributions.
- Wyoming Electric set a new all-time peak load of 393 MW, a 4% increase over 2025.
- South Dakota enacted wildfire liability legislation, effective July 1, 2026.
- Board approved a quarterly dividend of $0.703 per share, payable June 1, 2026.
Price Impact
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