Black Hills files NWE audited and Q2 2025 financials for pending all-stock merger

BLACK HILLS CORP /SD/

NWE H1 2025 net income $98.168M ($1.60 diluted EPS) vs $96.740M ($1.58) in 2024.
NWE Q2 2025 net income $21.228M ($0.35 EPS) down from $31.654M ($0.52) in Q2 2024.
NWE H1 2025 revenue $809.343M (+1.8% YoY); electric $614.951M, gas $194.392M.
Black Hills files unaudited pro forma combined financials (Ex 99.3) for the pending merger.
Supplementary risk factors (Ex 99.4) filed regarding the merger with NorthWestern.

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