Black Hills Q1 revenue, profit fall on mild winter

Black Hills

06/05/2026 21:54

Overview

U.S. utility's Q1 revenue and adjusted EPS declined yr/yr due to mild winter weather

Company reaffirmed 2026 adjusted EPS guidance range of $4.25 to $4.45

Progress made on NorthWestern Energy merger and large data center customer agreements

Outlook

Black Hills reaffirms 2026 adjusted EPS guidance of $4.25 to $4.45, excluding merger costs

Company expects merger with NorthWestern Energy to close in second half of 2026

Result Drivers

MILD WINTER WEATHER - Co said Q1 results included $0.18 per share of negative weather impacts from mild winter temperatures

HIGHER FINANCING AND DEPRECIATION COSTS - Co said increased financing and depreciation costs weighed on Q1 results

NEW RATES AND RIDER RECOVERY - Co said new rates and rider recovery partially offset negative impacts in Q1

Company press release: ID:nGNX14krDR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$1.79


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for Black Hills Corp is $82.00, about 11.1% above its May 5 closing price of $73.84

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)