---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-066115"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:09:24.497984+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Black Hills Q1 EPS $1.87 flat YoY; reaffirms FY2025 guidance $4.00-$4.20

## Summary
- Q1 diluted EPS $1.87, flat YoY; net income $134.3M vs $127.9M; revenue $805.2M (+11%).
- Gas utilities operating income rose $20.7M on new rates and favorable weather; electric utilities fell $10.3M.
- Reaffirms 2025 EPS guidance $4.00-$4.20; targets 4-6% long-term EPS growth; expects to serve 500 MW data center demand by 2028.
- New Colorado electric rates provide $17.5M annual revenue; Nebraska gas rate review seeks $34.9M; Wyoming wildfire liability protections enacted.
- Quarterly dividend $0.676/share ($2.70 annualized), 55th consecutive year of increases.

## SEC filing metadata
- accession: 0000950170-25-066115
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130464/000095017025066115/0000950170-25-066115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000095017025066115/bkh-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-066115
- JSON: https://secwatch.observer/filing/0000950170-25-066115.json
- Plain text: https://secwatch.observer/filing/0000950170-25-066115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.