The earnings call reflects a positive sentiment with strong financial performance, effective regulatory execution, and notable growth in data center demand. Despite challenges with higher operating costs and unplanned outages, the company's strategic initiatives and capital projects are on track, and insurance costs are stable.

Company Guidance

During the Black Hills Corporation's Second Quarter 2025 Earnings Conference Call, the company reaffirmed its financial guidance, projecting a 5% year-over-year earnings growth at the midpoint of its $4 to $4.20 EPS range for 2025. The company highlighted its strategic initiatives, including a $1 billion capital plan and regulatory progress, such as the recently approved Kansas Gas rate review that contributed to the recovery of over $1.3 billion in new system investments. Operationally, Black Hills made solid progress on key projects like the Ready Wyoming transmission expansion and the Lange II generation project. The company also emphasized its ongoing customer growth, particularly from data center and blockchain demands, which significantly increased peak loads in Wyoming Electric by 21% over last year. Despite challenges such as unplanned outages, the company maintained a strong financial position with liquidity exceeding $600 million and continued to target long-term EPS growth in the upper half of the 4% to 6% range starting in 2026.

Earnings Growth and Financial Stability

Achieved a year-over-year earnings growth of 5% at the midpoint of guidance for 2025. Maintained a healthy balance sheet with a strong liquidity position of more than $600 million.

Regulatory and Growth Initiatives

Successfully executed regulatory strategy with the completion of 7 rate reviews since 2024, representing over $1.3 billion of new system investments. Approved Kansas Gas rate review and ongoing Nebraska rate review.

Data Center and Blockchain Demand

Significant growth in data center demand, contributing to industrial growth of 19% for the quarter. New customer Meta expected to begin data center load in 2026, with data center demand potentially contributing over 10% of EPS by 2028.

Major Capital Projects

Progress on Ready Wyoming transmission expansion, Lange II generation project, and Colorado Clean Energy Plan. $4.7 billion capital plan to support growth, including $1 billion investment in 2025.

Insurance Cost Stability

Insurance costs expected to remain flat from July 2025 through June 2026, providing financial stability.

Black Hills (BKH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BKH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.46 / -	0.35	―	―	―
Jul 30, 2025	2025 (Q2)	0.36 / 0.38	0.33	15.15% (+0.05)
May 07, 2025	2025 (Q1)	1.94 / 1.87	1.87	0.00% (0.00)
Feb 05, 2025	2024 (Q4)	1.34 / 1.37	1.17	17.09% (+0.20)
Nov 06, 2024	2024 (Q3)	0.49 / 0.35	0.67	-47.76% (-0.32)
Jul 31, 2024	2024 (Q2)	0.29 / 0.33	0.35	-5.71% (-0.02)
May 08, 2024	2024 (Q1)	1.70 / 1.87	1.73	8.09% (+0.14)
Feb 07, 2024	2023 (Q4)	1.08 / 1.17	1.11	5.41% (+0.06)
Nov 01, 2023	2023 (Q3)	0.51 / 0.67	0.54	24.07% (+0.13)
Aug 02, 2023	2023 (Q2)	0.38 / 0.35	0.52	-32.69% (-0.17)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BKH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$56.48	$57.15	+1.19%
May 07, 2025	$60.37	$57.55	-4.67%
Feb 05, 2025	$58.06	$57.90	-0.28%
Nov 06, 2024	$57.74	$56.98	-1.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Black Hills Corp. (BKH) report earnings?

Black Hills Corp. (BKH) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Black Hills Corp. (BKH) earnings time?

Black Hills Corp. (BKH) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BKH EPS forecast?

BKH EPS forecast for the fiscal quarter 2025 (Q3) is 0.46.

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