Electric and gas utility Black Hills Q3 adjusted EPS beats estimates

Black Hills

05/11/2025 22:45

Overview

Black Hills Q3 revenue missed analyst expectations, adjusted EPS exceeded estimates

Company reaffirms 2025 adjusted earnings guidance, excluding merger-related costs

Company advances key projects and regulatory filings, including merger with NorthWestern Energy

Outlook

Black Hills reaffirms 2025 adjusted EPS guidance of $4.00 to $4.20 per share

Company expects Ready Wyoming transmission project completion by year-end 2025

Result Drivers

NEW RATES AND RIDER RECOVERY - Adjusted EPS benefited from new rates and rider recovery, offsetting higher costs and unfavorable weather

TRANSMISSION EXPANSION - Completion of Ready Wyoming transmission expansion project expected by year-end, enhancing grid reliability

MERGER PROGRESS - Filed joint applications for regulatory approval of merger with NorthWestern Energy in multiple states

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$430.20 mln
$445.48 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.45
$0.39 (3 Analysts)
Q3 EPS
$0.34


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $67.00, about 3.6% above its November 4 closing price of $64.62

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX3WMmKd

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)