Black Hills posts Q3 earnings and reaffirms 2026 guidance as Google data‑center deal adds long‑term upside
Black Hills Corp. reported third‑quarter 2026 results with GAAP net income of $41.0 million and GAAP EPS of $0.54, while adjusted EPS rose to $0.57. The utility signed definitive agreements to supply power to a planned Google data‑center in Wyoming, a contract that is expected to begin generating earnings in mid‑2027 and add about $150 million of net income by 2030. The company also reaffirmed its full‑year adjusted EPS guidance of $4.25‑$4.45, excluding merger‑related costs, and is awaiting final regulatory approval for its merger with NorthWestern Energy.
Why it matters
The Google agreement creates a new revenue stream that could lift earnings by $150 million in 2030, enhancing long‑term profitability (the company says). Reaffirming guidance signals that the firm expects to meet its 2026 earnings targets despite pending merger approval ().
Key facts
- 1GAAP net income for Q3 2026 was $41.0 million, up from $24.9 million a year earlier (). stocktitan.net
- 2GAAP diluted EPS for Q3 2026 was $0.54, compared with $0.34 in Q3 2025 (). stocktitan.net
- 3Adjusted EPS for Q3 2026 was $0.57, versus $0.45 in Q3 2025 (). stocktitan.net
- 4Adjusted EPS guidance for full‑year 2026 was reaffirmed at $4.25‑$4.45 per share, excluding merger costs (). stocktitan.net
- 5The company signed definitive agreements to serve a Google data‑center project in Wyoming, with earnings expected to start in mid‑2027 (). stocktitan.net
- 6The Google project is projected to contribute $150 million of net income in 2030 (). fool.com
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.