$BKH

BLACK HILLS CORP /SD/

AlphAI earnings readsecond quarter 2026 · AUG 5Black Hills Corp. Reports 2026 Second-Quarter Results and Reaffirms 2026 Earnings GuidanceVerdict: solid

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High

BKH Stock Jumps As Google Data Center Deal Rewrites Outlook

Black Hills Corporation (BKH) shares rose 9.85% after announcing a long-term deal with Google to supply power for a data center, driving revenue and cash flow expectations. BKH reported Q3 revenue of $452.8M, EBIT margin of 24.2%, and EPS of $0.50. Analysts have mixed views, with BofA raising its target to $97 and Freedom Broker initiating a Hold rating.

Freedom Broker upgrades Black Hills stock rating on Google data center deal

Freedom Broker upgraded Black Hills Corp (BKH) to Buy, raising its price target to $78 from $69 after the company's Google data center deal. The contract, effective 2026-2048, includes $1.8B in gas-fired generation and is expected to generate $150M net income in 2030. BKH stock jumped to $76.24, near its 52-week high. The company reported Q2 adjusted earnings of $0.54 per share, beating estimates, but revenue missed expectations.

BKH sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 18 news stories mentioning BKH (BLACK HILLS CORP /SD/). Coverage has skewed bullish: 16 bullish, 1 neutral, and 1 bearish.

Recent BKH coverage spans financial news, earnings and market movers.

What's driving BKH

AlphAI scores every news story that mentions BKH with an AI model for sentiment and relevance, and aggregates insider trades from BLACK HILLS CORP /SD/'s SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $BKH

Score
$BKHHighAI 8/10

BKH Stock Jumps As Google Data Center Deal Rewrites Outlook

Black Hills Corporation (BKH) shares rose 9.85% after announcing a long-term deal with Google to supply power for a data center, driving revenue and cash flow expectations. BKH reported Q3 revenue of $452.8M, EBIT margin of 24.2%, and EPS of $0.50. Analysts have mixed views, with BofA raising its target to $97 and Freedom Broker initiating a Hold rating.

$BKHHighAI 8/10

Freedom Broker upgrades Black Hills stock rating on Google data center deal

Freedom Broker upgraded Black Hills Corp (BKH) to Buy, raising its price target to $78 from $69 after the company's Google data center deal. The contract, effective 2026-2048, includes $1.8B in gas-fired generation and is expected to generate $150M net income in 2030. BKH stock jumped to $76.24, near its 52-week high. The company reported Q2 adjusted earnings of $0.54 per share, beating estimates, but revenue missed expectations.

$BKHMedAI 8/10

Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming

Black Hills Corp. (BKH) signed agreements to serve Google's planned data center in Wyoming, investing $1.8B in natural gas generation. The project, starting in 2027, is expected to generate $150M net income by 2030 and $2.4B unlevered free cash flow by 2048. Costs will not shift to existing customers, and the company plans to finance the investment through debt and other options.

$BKHLow

Freedom Broker initiates Black Hills stock coverage with Hold rating

Freedom Broker initiated coverage on Black Hills Corp (NYSE:BKH) with a Hold rating and $69 price target, citing steady earnings and a 4% dividend yield. The stock trades at $70.08. The firm expects 6.2% rate base growth post-merger with NorthWestern Energy. Q2 2026 earnings beat estimates, but revenue missed. BofA raised its target to $97, maintaining a Buy rating.

$BKHHigh

Black Hills (BKH) Posts Higher Profit While Wall Street Stays Skeptical

Black Hills Corp. (BKH) reported Q2 adjusted EPS of $0.54, up from $0.38 YoY, and reaffirmed its 2026 guidance of $4.25-$4.45. Growth is driven by data center demand in Wyoming, with 3GW of large-load demand in the pipeline. However, costs rose due to debt funding and merger-related expenses. Revenue slipped to $1.23B YoY due to mild weather. The company maintained its 56-year dividend increase streak, raising the quarterly payout to $0.703.

$BKHLow

Average Black Hills Energy customer faces potential $45 increase in monthly bill

Black Hills Energy seeks a $45 monthly bill increase for South Dakota customers, including a $19.70 surcharge for the Lange II plant and a $25 rate hike. The company cites infrastructure investments and inflation. The state Public Utilities Commission will review the requests, with interim charges starting in August. If approved, the average bill would rise from $98.96 to $143.70.

$BKHMedAI 8/10

1 High-Yield Dividend Stock Worth Loading Up On Right Now

Black Hills Corp (BKH) reported Q2 2026 revenue of $452.8M (+3%) and EPS of $0.50 (+31%). The company benefits from data center demand in Wyoming, with Microsoft and Meta driving growth. BKH has a 3.8% forward yield, a 'Strong Buy' rating, and a 21% upside target. It trades at 18x P/E, below the sector median.

$BKHMedAI 8/10

Black Hills (BKH) Q2 2026 Earnings Call Transcript

Black Hills Corp (NYSE:BKH) reported Q2 2026 adjusted EPS of $0.54 versus $0.38 a year earlier, and revenue of $452.8 million versus $439 million, citing new rates and rider recovery. It reaffirmed 2026 adjusted EPS guidance of $4.25 to $4.45. Management discussed Wyoming large-load growth, rate reviews, and the Northwestern Energy merger timeline.

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