---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-267138"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:11:01.016703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-267138
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130464/000119312525267138/0001193125-25-267138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000119312525267138/bkh-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-267138
- JSON: https://secwatch.observer/filing/0001193125-25-267138.json
- Plain text: https://secwatch.observer/filing/0001193125-25-267138.txt

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