Black Hills Corporation reports developments for a regulated energy utility serving natural gas and electric customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. News about BKH commonly covers quarterly and annual earnings, common-stock dividend declarations, rate review applications, infrastructure investment recovery and utility operations across its gas and electric businesses.
Company updates also address board actions, shareholder matters, capital-structure activity and regulatory proceedings tied to service reliability, grid investment and customer costs.
Black Hills (NYSE: BKH) reported third-quarter adjusted earnings of $0.57 per share and reaffirmed its full-year adjusted earnings guidance. Quarterly adjusted EPS rose from $0.45 a year earlier; GAAP EPS increased to $0.54 from $0.34. Guidance remains $4.25–$4.45, excluding merger-related costs and the expected NorthWestern Energy merger.
Definitive agreements through 2048 cover Google's planned Wyoming data center. Black Hills expects $150 million of net income in 2030 from generation investment and resource-management fees, with earnings beginning in 2027. It plans $1.8 billion of generation investment and has requested approval for $686 million of transmission projects. Approved utility rate settlements provide new annual revenue in South Dakota, Wyoming and Arkansas. The all-stock NorthWestern merger is expected to close by year-end 2026, pending satisfactory final Montana regulatory approval.
Black Hills (NYSE: BKH) declared a quarterly common-stock dividend of $0.703 per share, payable Dec. 1, 2026. Shareholders of record at the close of business on Nov. 17, 2026, will receive the payment.
The company will release third-quarter 2026 earnings after the market closes on Nov. 4, 2026. A live conference call and webcast to discuss the results will follow at 11 a.m. EST on Nov. 5, 2026.
Black Hills (BKH) plans to become Bright Horizon Energy if its proposed merger with NorthWestern Energy receives satisfactory final regulatory approval and closes. Upon completion, Black Hills common stock would trade on the NYSE under HZN, and NorthWestern Energy would become a wholly owned subsidiary of the renamed company.
The Montana Public Service Commission is expected to consider the merger before Nov. 12, 2026; completion remains subject to its satisfactory final regulatory approval. Shareholders of both companies, Nebraska and South Dakota regulatory commissions, and the Federal Energy Regulatory Commission have already approved the merger. It has also received clearance under the Hart-Scott-Rodino Act. While the merger is pending, Black Hills shares will continue trading as BKH on the NYSE and NorthWestern Energy shares as NWE on Nasdaq.
Black Hills (BKH) received approval for new rates at its Arkansas natural gas utility, effective October 12, 2026.
The Arkansas Public Service Commission approved rates that will generate approximately $17.9 million in new annual revenues. They provide recovery of approximately $147 million in system investments since the utility’s last general rate filing in 2023, along with operational costs required to deliver natural gas service. The approved rates are based on a 9.8% return on equity.
Black Hills (NYSE: BKH) will release its third-quarter 2026 earnings after the market closes on Nov. 4, 2026.
A live conference call and webcast to discuss the results will follow at 11 a.m. EST on Nov. 5, 2026. A replay will be available through the webcast link and the company’s investor relations website for up to one year.
Black Hills (NYSE: BKH) signed definitive agreements through 2048 to supply energy for Google’s planned data center in Cheyenne, Wyoming. Effective Sept. 30, 2026, the agreements cover up to 590 MW of grid-connected service and management of approximately 2.1 GW of third-party resources through a private microgrid. Energy service is planned to start in late 2027, reaching peak load in 2030.
Black Hills plans to invest $1.8 billion during 2027–2029 in 564 MW of company-owned natural gas generation. It expects investment returns to begin in 2027 and management fees in late 2027, with approximately $150 million in net income in 2030 and approximately $2.4 billion in unlevered free cash flow, before debt financing effects, through 2048, net of generation investment. Contract protections include cost pass-through, full generation investment recovery, early termination safeguards and collateral requirements.
Black Hills (NYSE: BKH) reported 2026 second-quarter net income of $38.2 million and GAAP EPS of $0.50, up from $0.38 in 2025. Adjusted earnings were $41.5 million with adjusted EPS of $0.54, excluding $0.04 per share of merger-related costs. Revenue was $452.8 million versus $439.0 million, and operating income rose to $97.0 million from $82.5 million.
Year to date, GAAP EPS was $2.23 versus $2.24, while adjusted EPS increased to $2.33 from $2.24, excluding $0.10 per share of merger costs. The company reaffirmed 2026 adjusted EPS guidance of $4.25–$4.45, excluding merger-related costs and the planned merger with NorthWestern Energy, which is expected to close by year-end 2026 pending final approval from the Montana Public Service Commission.
Operationally, the company recorded new all-time peak load of 439 MW at Wyoming Electric driven by large data center demand, progressed definitive agreements for a prospective 1.8 GW data center supported by $377 million of refundable advances, and filed or advanced multiple rate and rider mechanisms across South Dakota, Colorado, Wyoming, Kansas and Arkansas. South Dakota and Wyoming operations completed regulatory steps to obtain new wildfire liability protections. The board declared a quarterly dividend of $0.703 per share, extending the company’s 56-year dividend increase streak, and BKH issued 0.7 million shares year to date for $50 million under its at-the-market program.
Dakota Gold (NYSE American: DC) announced a leadership transition to support development of its Richmond Hill Gold Project. CEO Dr. Robert Quartermain will retire on August 18, 2026, after serving since November 2024, and will remain Co-Chair and Director. President and COO Jack Henris will become CEO upon Dr. Quartermain’s retirement.
According to Dakota Gold, the company has advanced Richmond Hill to pre-feasibility and secured funding for planned programs through 2028, reporting $107 million in cash in its March 2026 financial statements. Shawn Campbell will be appointed Chief Development Officer, focused on shareholder engagement and sourcing construction financing, while Amy Koenig continues as SVP, Chief Legal Officer and Corporate Secretary and will oversee permitting as Dakota Gold prepares to file a large-scale mine permit later in 2026. Dakota Gold is advancing Richmond Hill toward potential production as soon as 2029 and continues work at its Maitland Gold Project in South Dakota’s Homestake District.
Black Hills Corp. (NYSE: BKH) declared a quarterly common stock dividend of $0.703 per share, for shareholders of record on Aug. 17, 2026, payable Sept. 1, 2026. The company will release its second-quarter 2026 earnings on Aug. 5, 2026 and host a conference call and webcast on Aug. 6, 2026 at 11 a.m. EDT to discuss financial results, with live participation via phone and a listen-only webcast plus replay available through its investor relations website.
Black Hills (NYSE:BKH) will release its 2026 second-quarter earnings after market close on Wednesday, Aug. 5, 2026. Management will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 6, 2026, to review financial results and take questions.
Investors can register online to receive dial-in details, including a personal identification number, or access a listen-only webcast with presentation slides. A replay will be available on the investor relations website for up to one year.