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Inferra AI / Company / BKH

Black Hills Corp

BKH · Utilities

Last earnings Aug 17, 2026

Key results

Revenuequarter

$10.8 million

The black box settlement provides approximately $10.8 million of new annual revenue, with new rates effective Aug.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The rate review requested $35 million of new annual revenue based on a capital structure of 50.5% equity and 49.5% debt and a return on equity of 10.5%.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

AI analysis

Q2 2025 · reported Jul 30, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$10.8M
EX-99 · Jul 30, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Jul 30, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$10.8 million——

EX-99 · Jul 30, 2025

Guidance · company-stated

Direction: Raised

Revenue$10.8 million

“Reaffirms 2025 Earnings Guidance and Reports 2025 Second-Quarter Results • Reaffirms 2025 earnings guidance range of $4.00 to $4.20 per share • Established Emergency Public Safety Power Shutoff (PSPS) program • Received approval for new rates at Kansas Gas providing $10.8 million of new annual revenues • Received CPCN for South Dakota Electric’s 99-megawatt generation project • Served new all-time peak load of 379 megawatts at Wyoming Electric, reflecting an increase of 21% over the 2024 peak RAPID CITY, S.”

EPS

“2025 EARNINGS GUIDANCE REAFFIRMED Black Hills reaffirms its guidance for 2025 earnings per share available for common stock to be in the range of $4.00 to $4.20, based on the following assumptions issued on Feb.”

Midpoint vs latest-quarter revenue0.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Revenue$35M
Dividend$0.676

The rate review requested $35 million of new annual revenue based on a capital structure of 50.5% equity and 49.5% debt and a return on equity of 10.5%.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

EX-99 2 bkh-ex99.htm EARNINGS RELEASE EX-99 Black Hills Corp

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “Reaffirms 2025 Earnings Guidance and Reports 2025 Second-Quarter Results • Reaffirms 2025 earnings guidance range of $4.00 to $4.20 per share • Established Emergency Public Safety Power Shutoff (PSPS) program • Received approval for new rates at Kansas Gas providing $10.8 million of new annual revenues • Received CPCN for South Dakota Electric’s 99-megawatt generation project • Served new all-time peak load of 379 megawatts at Wyoming Electric, reflecting an increase of 21% over the 2024 peak RAPID CITY, S.”

EPS: “2025 EARNINGS GUIDANCE REAFFIRMED Black Hills reaffirms its guidance for 2025 earnings per share available for common stock to be in the range of $4.00 to $4.20, based on the following assumptions issued on Feb.”

Revenue — Raised (“increase”)
“Reaffirms 2025 Earnings Guidance and Reports 2025 Second-Quarter Results • Reaffirms 2025 earnings guidance range of $4.00 to $4.20 per share • Established Emergency Public Safety Power Shutoff (PSPS) program • Received approval for new rates at Kansas Gas providing $10.8 million of new annual revenues • Received CPCN for South Dakota Electric’s 99-megawatt generation project • Served new all-time peak load of 379 megawatts at Wyoming Electric, reflecting an increase of 21% over the 2024 peak RAPID CITY, S.”

EPS — Reiterated (“REAFFIRMED”)
“2025 EARNINGS GUIDANCE REAFFIRMED Black Hills reaffirms its guidance for 2025 earnings per share available for common stock to be in the range of $4.00 to $4.20, based on the following assumptions issued on Feb.”

Classified from the release's primary full-year outlook statement.

Capital allocation

The rate review requested $35 million of new annual revenue based on a capital structure of 50.5% equity and 49.5% debt and a return on equity of 10.5%.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Corporate and Other • On July 22, Black Hills’ board of directors approved a quarterly dividend of $0.676 per share payable on Sept.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

On an annualized basis, the dividend represents 55 consecutive years of increases, the second-longest track record in the electric and natural gas industry.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

• On June 2, the company utilized one of two one-year extension options available for its Revolving Credit Facility, extending the maturity to May 31, 2030, with all other terms unchanged.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Capital being consolidated net worth (excluding non-controlling interest) plus consolidated indebtedness (including letters of credit and certain guarantees issued) as defined within the current Revolving Credit Facility.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

Revolving Credit Facility Our $750 million credit facility used to fund working capital needs, letters of credit and other corporate purposes, which was amended on May 31, 2024, and will terminate on May 31, 2030.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

Strategy & priorities

“We delivered strong earnings and achieved key milestones for our regulatory and growth initiatives,” said Linn Evans, president and CEO of Black Hills Corp.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

“We are maintaining our solid financial credit metrics and executing on our $1 billion capital plan for this year to serve our customers and support our long-term growth strategy.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

I'm pleased with the relentless focus of our team in advancing our strategy and remaining on track to achieve our 2025 earnings guidance that represents 5% year-over-year growth at the midpoint.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

“We are successfully executing on our plan to deliver in the upper half of our long-term 4% to 6% growth target as we complete and advance our pipeline of key regulatory and growth initiatives.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

• During the second quarter, Wyoming Electric continued construction of its 260-mile, $350-million Ready Wyoming electric transmission expansion project.

SEC original ↗Black Hills Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Risks & headwinds

Legal Proceedings 44 Item 1A.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

, a direct, wholly-owned subsidiary of Black Hills Corporation (doing business as Black Hills Energy) Blockchain Interruptible Service (BCIS) Tariff A WPSC-approved tariff applicable to prospective new Wyoming Electric blockchain customers.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

The tariff allows customers to negotiate rates and terms and conditions for interruptible electric utility service of 10 MW or greater that would be interconnected with Wyoming Electric s system.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

Agreements under the BCIS tariff must be filed with the WPSC prior to the first customer billing, be at least 2 years in duration and include specific pricing for all electricity purchased (with pricing terms subject to renegotiation every three years).

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

BCIS customers shall not participate in the PCA to the extent of service received under the tariff.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

LCTCAM Large Customer Transmission Cost Adjustment Mechanism Large Power Contract Service (LPCS) Tariff Wyoming Electric offers service under the LPCS tariff approved by the Wyoming Public Service Commission.

SEC original ↗Black Hills Corp — 10-Q Quarterly report10-QAug 6, 2026

Documents

Earnings deck slides

0 decks with slide view

Black Hills Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Black Hills Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Fortis (FTS) UtilitiesAmerican Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) Utilities

Filings

31 documents

Earnings releases

15 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Black Hills Corp are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention Black Hills Corp by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.