---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-037663"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T04:49:05.267804+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Black Hills Corp FY2025 GAAP EPS $3.98; 2026 adj. EPS guidance $4.25-$4.45

## Summary
- Full-year 2025 GAAP EPS of $3.98, adjusted EPS of $4.10 (at midpoint of guidance).
- Q4 2025 GAAP EPS $1.39 vs $1.37 YoY; adjusted EPS $1.41 vs $1.37.
- Initiated 2026 adjusted EPS guidance $4.25-$4.45, ~6% growth over 2025.
- Data center pipeline exceeds 3 GW; 600 MW included in five-year capital plan.
- Recorded $0.12/share merger costs in 2025 for pending NorthWestern Energy combination.

## SEC filing metadata
- accession: 0001193125-26-037663
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2026-02-04T23:59:59+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/1130464/000119312526037663/0001193125-26-037663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000119312526037663/bkh-20260204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-037663
- JSON: https://secwatch.observer/filing/0001193125-26-037663.json
- Plain text: https://secwatch.observer/filing/0001193125-26-037663.txt

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