Brief: Black Hills Q2 Operating Income USD 82.5 Million

Black Hills

30/07/2025 21:27

Overview

Black Hills Q2 revenue of $439 mln, missed analyst expectations, per LSEG data

EPS for Q2 was $0.38, reflecting an increase from last year

Co reaffirmed 2025 earnings guidance and established PSPS program

Outlook

Black Hills reaffirms 2025 EPS guidance of $4.00 to $4.20

Company expects 2025 EPS growth of 5% at midpoint

Company forecasts 10% EPS contribution from data centers by 2028

Result Drivers

NEW RATES - Increased operating income driven by new rates and rider recovery, partially offset by higher expenses

PEAK LOAD - Wyoming Electric served new all-time peak load of 379 megawatts, up 21% from 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$439 mln
$442.60 mln (2 Analysts)
Q2 EPS
$0.38
Q2 Operating income
$82.50 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "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 $65.50, about 13.7% above its July 29 closing price of $56.53

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNXbgHPtL

(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.)