The earnings call highlighted significant progress in achieving financial and strategic goals, including earnings growth, successful regulatory outcomes, and increasing demand from data centers and blockchain. Despite challenges with higher operating expenses, financing costs, and adverse weather impacts, the company's overall performance and future outlook remain strong.

Company Guidance -

Q3 2025

During the second quarter of 2025, Black Hills Corporation made significant progress on its financial and operational commitments, reaffirming its full-year earnings guidance range of $4 to $4.20 per share, representing a 5% growth rate at the midpoint over 2024 EPS. The company is focusing on several key initiatives, including a $1 billion capital plan aimed at supporting customer growth and achieving a long-term EPS growth target of 4% to 6% starting in 2026. Black Hills successfully completed several regulatory rate reviews, representing over $1.3 billion of new system investments, and is actively working on projects like the Ready Wyoming transmission expansion and the Lange II generation project. The company also highlighted its strong industrial growth, particularly driven by data center and blockchain demand, with Wyoming Electric recording new all-time peak loads. Additionally, Black Hills is implementing an emergency public safety power shutoff program to mitigate wildfire risks. Overall, the company remains on track to execute its strategic growth plan while maintaining a healthy balance sheet and strong customer demand.

Earnings Growth

Year-over-year earnings growth of 5% at the midpoint of guidance, reaffirming the 2025 earnings guidance range of $4 to $4.20, representing a 5% growth rate at the midpoint over 2024 EPS.

Successful Regulatory Strategy

Approval of the Kansas Gas rate review and active rate review in Nebraska, reflecting recovery of over $1.3 billion of new system investments.

Data Center and Blockchain Demand

Wyoming Electric recorded 4 distinct all-time peak loads, with a 21% increase over the peak recorded in 2024 due to growth in data center and blockchain demand.

Ready Wyoming Transmission Project

On track for completion by year-end, enhancing system resiliency and access to market energy, including renewables.

Colorado Clean Energy Plan Progress

Received approval for 350 megawatts of renewable resources to reduce emissions for Colorado customers by 80% by 2030.

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)	0.45 / -	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	$57.11	$57.78	+1.17%
May 07, 2025	$61.04	$58.19	-4.67%
Feb 05, 2025	$58.70	$58.54	-0.27%
Nov 06, 2024	$58.38	$57.61	-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 (BKH) report earnings?

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

What is Black Hills (BKH) earnings time?

Black Hills (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 0.45.

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