tradingview.comNov 5$BKH

BKH: Reaffirmed guidance as Google data-center agreements unlock significant long-term growth

Black Hills Corporation (BKH) reported Q3 adjusted EPS of $0.57 and $2.89 YTD. The company reaffirmed 2026 guidance, citing Google data-center agreements as a major growth driver. These agreements are expected to generate $150M in net income by 2030 and $2.4B in unlevered free cash flow through 2048, according to the company.

Original reporting

tradingview.com

Published Nov 5, 2026, 5:09 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Nov 5, 2026, 6:05 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

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BKH: Reaffirmed guidance as Google data-center agreements unlock significant long-term growth — source image — Source · tradingview.com

Decision brief

The 30-second read

$BKHBullishMed

Why it matters

Earnings and guidance reaffirmation provide a clear data point for traders; the Google agreement adds a growth narrative.

Market read

First earnings release with new partnership details offers actionable insight for BKH traders.

What to watch

Potential regulatory or construction risks for the Wyoming data‑center project.

Relevance 7/10Novelty 7/10Timing: after-hours release

Background

Black Hills Corp (BKH) is a U.S. utility company focusing on power generation and transmission.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$BKHBullishHigh confidence

Context

Q3 2026 earnings released with adjusted EPS $0.57 and reaffirmed 2026 guidance, plus new Google data-center agreements.

Expected impact

likely modest upside as market prices in the reaffirmed guidance and Google partnership.

Evidence & confidence

First report of earnings and guidance for Black Hills Corp, with concrete growth opportunity from Google.

Market effects

Sector

Utility sector may benefit from increased data-center demand.

Regional

U.S. power infrastructure investors could see modest interest.

Global

Limited to U.S. utility and tech‑infrastructure overlap.

Counterpoint

What could challenge this read

Reaffirmed guidance may already be priced in; growth from Google could be delayed.

Key entities

Company
Black Hills Corp
U.S. utility company reporting Q3 2026 results.
Company
Google
Partnering with Black Hills on Wyoming data‑center projects.

Read at source ← All news

$BKHMedAI 8/10

Black Hills Corporation Projects About $150M in 2030 Net Income From Google Agreements

Black Hills Corporation expects $150M in 2030 net income from Google data center deals, projecting $2.4B in unlevered free cash flow by 2048. The company reaffirmed 2026 EPS guidance of $4.25-$4.45 and aims for 4%-6% long-term EPS growth. Management highlighted strong Q3 operational and financial performance.

tokenpost.comNov 7

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What Black Hills (BKH) Said on Its Q3 Earnings Call

Black Hills (BKH) reported $685M available under its revolving credit facility, issued $70M in equity, and is evaluating refinancing options. The company plans $1.8B investment in natural gas generation and expects $2.4B in unlevered free cash flow from a Google data center project by 2048. Additional investments include $700M in transmission by 2029. Regulatory approvals and merger updates were also discussed.

finance.yahoo.comNov 6

$BKHMed

Scotiabank raises Black Hills stock price target on data center growth

Scotiabank raised its price target on Black Hills Corp (BKH) to $95 from $84, citing data center growth opportunities. The company's stock trades at $84.63 with a $6.45B market cap. Black Hills reported Q3 2026 EPS of $0.57, beating estimates, and expects $150M net income from a Google contract by 2030. The company also plans additional data center opportunities beyond its current projects.

investing.comNov 6

$BKHHighAI 8/10

Black Hills Corp (BKH) (Q3 2026) Earnings Call Highlights: Google Data Center Deal Anchors

Black Hills Corp (BKH) reported Q3 2026 adjusted EPS of $0.57, up from $0.45 in Q3 2025. The company signed a deal to serve Google's Wyoming data center, representing a significant growth opportunity. BKH has a strong pipeline of large load projects and maintains solid financial health with $685M in liquidity. However, it faces regulatory uncertainty, higher costs, and a $400M debt maturity in 2027. The company reaffirmed its 2026 guidance of $4.25-$4.45 adjusted EPS.

finance.yahoo.comNov 5

$BKHHighAI 8/10

Black Hills (BKH) Q3 2026 Earnings Call Transcript

Black Hills (BKH) reported Q3 2026 adjusted EPS of $0.57, up from $0.45 in 2025, driven by new utility rates and favorable weather. Total revenue was $466.1 million, up from $430.2 million. The company announced a $1.8 billion Google data center project, expected to generate $150 million in annual net income by 2030.

fool.comNov 5

$GOOGLLowAI 9/10

Google to build first Wyoming data center in $17 billion investment

Alphabet's Google plans a $17B data center in Wyoming, partnering with AEP, Black Hills Energy, and others. The facility will use air cooling and natural gas with carbon capture. AEP will invest $4B in a fuel cell plant, while Black Hills will invest $1.8B in natural gas generation. Google expects the project to generate local tax revenue and jobs, with operations starting in late 2027.

qz.comNov 5