Black Hills reported Q1 adjusted EPS of $1.79, down from $1.87 year-over-year, citing $0.18 per share weather-related demand reduction.
Black Hills Corp reported first-quarter adjusted earnings per share of $1.79, excluding $0.05 in merger-related costs, compared with $1.87 in the same period last year. The company attributed the decline to unusually warm winter weather, which reduced demand by $0.18 per share year-over-year.
Executives reaffirmed the utility’s 2026 earnings guidance, citing progress on its pending merger with NorthWestern Energy and a growing pipeline of data center opportunities. The merger is expected to close in the second half of 2026, pending regulatory approvals.
GAAP earnings for the quarter were $1.73 per share, including $0.05 in transaction costs. The weather impact was $0.13 per share worse than the prior-year comparison period.