Black Hills Q2 adjusted EPS rises, 2026 outlook reaffirmed

Black Hills

05/08/2026 22:11

Overview
US utility's Q2 revenue rose slightly, adjusted EPS increased to $0.54 from $0.38
Company reaffirmed 2026 adjusted EPS guidance, excluding merger-related costs
Progressing toward closing merger with NorthWestern Energy, pending final approval

Outlook
Black Hills reaffirms 2026 adjusted EPS guidance of $4.25 to $4.45, excluding merger costs
Company expects to close NorthWestern Energy merger in second half of 2026, pending approval

Result Drivers
NEW RATES AND RIDER RECOVERY - Co said increased operating income was primarily due to new rates and rider recovery in electric and gas utilities
LARGE-LOAD DEMAND - Co said Wyoming Electric served new all-time peak load driven by growth in large-load data center demand
COST MANAGEMENT - Co said cost management activities contributed to year-to-date results

Company press release: ID:nGNX8t0Tx6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.50
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 $86.00, about 19% above its August 4 closing price of $72.24
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 4 - ONE Gas beats Q2 revenue estimates on new rates and customer growth, raises 2026 earnings outlook
Aug 4 - Duke Energy's profit beats as higher power demand offsets rising expenses
Aug 4 - Texas governor orders pause on new data center approvals pending audit

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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.)