BKH
Black Hills Corporation70.67
-1.40-1.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.33BP/E (TTM)
17.85Basic EPS (TTM)
3.96Dividend Yield
0.04%Recent Filings
8-K
8-K
Debt offering completed
Black Hills Corporation completed a $450 million debt offering of 4.550% notes due January 31, 2031, on October 2, 2025. The notes, unsecured senior obligations with semi-annual interest payments starting January 31, 2026, will primarily repay $300 million of 3.950% notes maturing January 15, 2026, with remaining proceeds for general corporate purposes. This refinancing extends maturities while slightly raising borrowing costs. Events of default include nonpayment and bankruptcy triggers.
8-K
Black Hills-NorthWestern merger update
Black Hills Corporation disclosed historical financials of NorthWestern Energy Group and pro forma combined statements for their pending all-stock merger, announced August 18, 2025, and unanimously approved by both boards. The deal, converting each NorthWestern share into 0.98 Black Hills shares, awaits shareholder votes, HSR clearance, FERC approval, and state commission nods, with risks of delays from regulatory hurdles or termination events. Merger completion could enhance scale in regulated utilities, yet integration challenges loom.
8-K
Black Hills-NorthWestern merger announced
Black Hills Corporation announced an all-stock merger with NorthWestern Energy on August 19, 2025, creating a $7.8 billion market cap utility serving 2.1 million customers across eight states with a doubled $11.4 billion rate base. The deal, offering NorthWestern shareholders 0.98 Black Hills shares for a 4% premium, promises EPS accretion in year one and boosts long-term growth targets to 5-7%, while unlocking over $7 billion in 2025-2029 infrastructure investments. Yet regulatory approvals pose closure risks.
8-K
Black Hills-NorthWestern merger announced
Black Hills Corporation announced an all-stock merger with NorthWestern Energy Group on August 18, 2025, exchanging 0.98 Black Hills shares for each NorthWestern share, creating a $7.8 billion utility serving 2.1 million customers across eight states with a doubled $11.4 billion rate base. The deal, unanimously board-approved, targets 5-7% long-term EPS growth and first-year accretion for both, while enhancing scale for infrastructure investments amid rising energy demand. Brian Bird steps in as CEO post-close, succeeding retiring Linden Evans. Regulatory hurdles loom large.
IPO
Employees
Sector
Industry
CMS
CMS Energy Corporation
69.91-0.85
DUK
Duke Energy Corporation (Holdin
115.59-1.14
MDU
MDU Resources Group, Inc.
19.51-0.05
NJR
NewJersey Resources Corporation
46.31+0.02
NWE
NorthWestern Energy Group, Inc.
65.46-1.15
PCG
Pacific Gas & Electric Co.
15.27-0.09
PPL
PPL Corporation
33.98-0.28
SO
Southern Company (The)
85.71-0.29
UGI
UGI Corporation
38.13-0.06
XEL
Xcel Energy Inc.
73.73-1.99