Black Hills Q3 adjusted EPS $0.45, up 29% YoY; reaffirms FY2025 guidance $4.00-$4.20

BLACK HILLS CORP /SD/

2025-Q3 EPS reported $2.58 revenue$1,674,500,000

GAAP EPS $0.34 vs $0.35 YoY; net income $24.9M vs $24.4M.
Completed equity/debt financing for 2025; filed settlement for Nebraska gas rates.
Ready Wyoming 260-mile transmission project on track for year-end completion.
Commenced construction of 99 MW Lange II facility in SD for H2 2026 service.
Filed regulatory applications for NorthWestern Energy merger in MT, NE, SD.

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