Every material Form 8-K Black Hills filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Black Hills reported third-quarter 2026 GAAP net income available for common stock of $41.0 million, or $0.54 per diluted share, up from $24.9 million, or $0.34, a year earlier. Adjusted EPS was $0.57, up from $0.45, and the company reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45, excluding merger-related costs. The pending merger with NorthWestern Energy still requires a final approval from the Montana Public Service Commission.
Q3 2026 revenue was $466.1 million, compared with $430.2 million in Q3 2025.
GAAP EPS was $0.54 versus $0.34; adjusted EPS was $0.57 versus $0.45.
2026 adjusted EPS guidance of $4.25 to $4.45 was reaffirmed, excluding merger-related costs.
The NorthWestern Energy merger is expected to close by year-end 2026, subject to Montana approval.
Black Hills Corp. announced the planned name and ticker for the combined company if its merger with NorthWestern Energy receives final Montana regulatory approval and closes. Shareholders need take no action, and BKH shares continue trading under their current symbol while the merger is pending.
Black Hills would be renamed Bright Horizon Energy Corporation and trade on the NYSE as HZN after the merger completes.
NorthWestern Energy would become a wholly owned subsidiary of Bright Horizon Energy.
The Montana Public Service Commission is expected to consider the merger before November 12, 2026.
Shareholders of both companies, the Nebraska and South Dakota commissions, FERC and Hart-Scott-Rodino clearance have already approved or cleared the merger.
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.
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
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.
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.
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Black Hills filing is on SEC EDGAR ↗. 8-K briefs of other companies →