Black Hills Corporation Q3 2025 Earnings Recap

BKH Q3 2025 November 7, 2025

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Black Hills Corp. reported strong Q3 2025 results, reaffirming its earnings guidance with a solid adjusted EPS of $0.45, reflecting strategic progress in regulatory and capital initiatives.

Earnings Per Share Beat

$0.45 vs $0.45 est.

+0.0% surprise

Revenue Miss

430200000 vs 440963300 est.

-2.4% surprise

Market Reaction

1-Day +2.02%

5-Day +0.32%

30-Day +2.14%

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Key Takeaways

Adjusted EPS increased to $0.45 from $0.35 year-over-year, aided by new rates and rider recoveries.
Concluded seven rate reviews since 2024, reinforcing regulatory strategy and customer growth.
Advancing a $1 billion capital plan, including completion of the Ready Wyoming transmission expansion by year-end.
Merger with NorthWestern Energy is progressing, expected to enhance competitiveness and unlock additional value for stakeholders.
Confidently reaffirming 2025 earnings guidance of $4 to $4.20 per share, aiming for upper-range EPS growth through 2026.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit BKH on AllInvestView.

Next Q1 2026