Black Hills Q3 adjusted EPS rises on new rates and rider recovery
BKH•BKH•BKH•BKH•Black Hills said third-quarter adjusted EPS rose to $0.57, driven by new rates and rider recovery. It reaffirmed 2026 adjusted EPS guidance of $4.25 to $4.45.
Black Hills said higher third-quarter adjusted EPS was driven by new rates and rider recovery, particularly from projects at South Dakota Electric and Wyoming Electric. Favorable weather contributed $0.06 per share, while higher operating, financing and depreciation costs partially offset the gains.
The company reaffirmed its 2026 adjusted EPS guidance range of $4.25 to $4.45, excluding merger costs. Black Hills anticipates delivering in the upper half of its 4%-6% long-term EPS growth target for 2026-2030 and expects earnings from Google data center agreements to begin in mid-2027.
Black Hills is awaiting final regulatory approval to close its merger with NorthWestern Energy.
