US utility's Q2 revenue rose slightly, adjusted EPS increased to $0.54 from $0.38
Increased operating income was primarily due to new rates and rider recovery in electric and gas utilities
Wyoming Electric served new all-time peak load driven by growth in large-load data center demand
Cost management activities contributed to year-to-date results
Analyst coverage and valuation
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
2026 outlook and merger update
Black Hills reaffirms 2026 adjusted EPS guidance of $4.25 to $4.45, excluding merger costs
Company expects to close the NorthWestern Energy merger in the second half of 2026, pending final approval
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