Black Hills Q2 adjusted EPS rises to $0.54 from $0.38; 2026 guidance reaffirmed
Black Hills reported second-quarter 2026 GAAP net income available for common stock of $38.2 million, or $0.50 per diluted share, up from $27.5 million, or $0.38, a year earlier. Excluding $0.04 per share of merger-related costs, adjusted EPS was $0.54. The company reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45 per share, and the pending NorthWestern Energy merger now needs only Montana Public Service Commission approval to close.
Key points
- Q2 2026 GAAP diluted EPS was $0.50 versus $0.38 in Q2 2025; adjusted EPS was $0.54 versus $0.38
- Q2 2026 revenue was $452.8 million versus $439.0 million in Q2 2025
- 2026 adjusted EPS guidance of $4.25 to $4.45 per share was reaffirmed, excluding merger-related costs
- The NorthWestern Energy merger is expected to close by year-end 2026, pending Montana Public Service Commission approval
The filing
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 August 05, 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.