Black Hills released a Q2 2026 earnings call transcript attended by CEO Linn Evans, CFO Kimberly Nooney, Chief Utility Officer Marne Jones, analysts and investors.
Adjusted EPS was $0.54 vs. $0.38; the company reaffirmed 2026 adjusted EPS guidance of $4.25-$4.45.
The large-load pipeline exceeds 3 GW; 600 MW is in plan through 2030, led by Microsoft expansion, with Meta AI data center ramping later in 2026.
For the 1.8 GW data center project, management said Crusoe’s exit did not affect talks; the company is targeting definitive agreements in Q3.
The merger with NorthWestern Energy has six of seven approvals; a Montana decision is expected mid-October, or by mid-November with an extension.
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