BKH

In the past six months, Black Hills Corp. (BKH) stock has decreased by 1.23%, though it has increased by 20.29% over the last 12 months. Key events include the Q1 2026 earnings report in May 2026, which showed a decrease in diluted EPS to $1.73 due to mild winter weather and higher costs, despite an adjusted EPS of $1.79. The Q2 2026 earnings report in August 2026 showed higher results with diluted EPS of $0.50 and an adjusted EPS of $0.54, exceeding analyst expectations, though revenue missed estimates; the company reaffirmed its 2026 adjusted EPS guidance. Black Hills Corp. also declared a quarterly cash dividend of $0.703 per share, extending its record of dividend increases to 56 consecutive years. The company is progressing with an all-stock merger of equals with NorthWestern Energy Group, expected to close by year-end 2026, with most regulatory and shareholder approvals obtained, pending only Montana Public Service Commission approval, which is viewed as a significant growth catalyst. In October 2025, Black Hills Corporation issued $450 million of 4.550% Notes due 2031 to refinance existing debt and for general corporate purposes. Furthermore, the company has highlighted significant growth from large-load data center customers in Wyoming, including Microsoft and a new Meta AI data center, which has tripled its demand pipeline to over 3 gigawatts and is expected to contribute to future EPS growth.