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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.

Original reporting
fool.com
Published Nov 5, 2026, 9:54 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 5, 2026, 10:26 PM UTC. Informational, not investment advice.
How this was made
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Black Hills (BKH) Q3 2026 Earnings Call Transcript — source image
Source · fool.com
Decision brief

The 30-second read

$BKHBullishHigh
01

Why it matters

Earnings beat and contract provide upside; regulatory and debt cost risks moderate the view.

02

Market read

Strong earnings and a major tech contract could drive BKH stock higher, with sector ripple effects.

03

What to watch

Higher interest expense and O&M costs may offset some upside.

Relevance 8/10Novelty 8/10Timing: post-market today

Background

Black Hills Corporation reported Q3 2026 results, including earnings beat, new Google data center contract, and ongoing merger with NorthWestern Energy.

Company-level read

Ticker impact

$BKHBullishHigh confidence
Context

Q3 2026 earnings released with adjusted EPS $0.57, revenue $466.1M and new Google data center contract.

Expected impact

likely upward pressure as market prices in higher earnings and contract revenue.

Evidence & confidence

Guidance raised, EPS beat, and a $150M annual net income from Google contract provide clear upside catalysts.

Market effects

Sector

Utility sector may see renewed interest due to higher rates and data center demand.

Regional

Western U.S. utilities could benefit from similar contracts.

Global

Highlights growing utility involvement in tech data center infrastructure.

Counterpoint

What could challenge this read

Potential regulatory delays in Montana could stall merger benefits.

Key entities

  • Company
    Black Hills Corporation

    Utility holding company reporting Q3 2026 earnings.

  • Company
    Google

    Partner in data center contract delivering $150M annual net income.

Read at source← All news

StoryBlack Hills posts Q3 earnings and reaffirms 2026 guidance as Google data‑center deal adds long‑term upside

Also covered by

3 outlets

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