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AI brief of an SEC Form 8-K · Black Hills (BKH)

Black Hills Q4 adjusted EPS rises to $1.41; 2026 adjusted EPS guidance set at $4.25 to $4.45

Positive Impact 3 of 5 earnings Written later

Black Hills Corp. reported fourth-quarter 2025 GAAP EPS of $1.39 and adjusted EPS of $1.41, up from $1.37 in the year-earlier quarter, and full-year 2025 adjusted EPS of $4.10, up from $3.91. The company initiated 2026 adjusted EPS guidance of $4.25 to $4.45, which excludes the pending merger with NorthWestern Energy expected to close in the second half of 2026.

Key points

  • Q4 2025 revenue was $635.5 million, up from $597.1 million; full-year revenue was $2.31 billion, up from $2.13 billion.
  • Full-year 2025 GAAP EPS was $3.98 and adjusted EPS was $4.10, which excludes $0.12 of merger-related costs.
  • 2026 adjusted EPS guidance of $4.25 to $4.45 reflects 6% growth over 2025, assuming normal weather and excluding merger-related costs.
  • Shareholders vote on the NorthWestern merger at special meetings scheduled for April 2, 2026.

The filing

CompanyBlack Hills (BKH)
Form8-K, current report
Filed with the SECFeb 4, 2026, 4:28 PM ET
Accession number0001193125-26-037663

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.