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

Black Hills Q1 EPS falls to $1.73 from $1.87; 2026 adjusted EPS guidance reaffirmed

Negative Impact 3 of 5 earnings Written later

Black Hills Corp. reported first-quarter 2026 GAAP diluted EPS of $1.73, down from $1.87 a year earlier, and adjusted EPS of $1.79, excluding $0.05 of merger-related costs. Revenue fell to $780.7 million from $805.2 million, with unfavorable weather cited as a key factor. The company reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45, which excludes the pending NorthWestern Energy merger.

Key points

  • Q1 2026 GAAP net income available for common stock was $131.0 million, versus $134.3 million in Q1 2025.
  • Q1 2026 revenue was $780.7 million, versus $805.2 million; weather reduced results by $0.18 per share.
  • 2026 adjusted EPS guidance of $4.25 to $4.45 was reaffirmed, assuming normal weather and excluding merger-related costs.
  • The NorthWestern Energy merger is expected to close in the second half of 2026.

The filing

CompanyBlack Hills (BKH)
Form8-K, current report
Filed with the SECMay 6, 2026, 4:44 PM ET
Accession number0001193125-26-209210

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 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 May 06, 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.