---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-059379"
form_type: "8-K"
ticker: "BKH"
cik: "0001130464"
company_name: "BLACK HILLS CORP /SD/"
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:39:32.091864+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Black Hills issues pro forma Merger financials: rev $3.9B, EPS $3.22

## Summary
- Pro forma combined revenue $3,921M, net income $429M, basic EPS $3.22 for year ended Dec 31, 2025.
- Estimated merger consideration ~$4.4B; exchange ratio 0.98 shares of BKH per NWE share.
- Pro forma goodwill $3.1B; total assets $20.7B; combined company to be named Bright Horizon Energy Corp.
- Pro forma based on Black Hills as acquirer; reflects preliminary purchase price allocation and does not include cost synergies.

## SEC filing metadata
- accession: 0001193125-26-059379
- form_type: 8-K
- ticker: BKH
- cik: 0001130464
- company_name: BLACK HILLS CORP /SD/
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130464/000119312526059379/0001193125-26-059379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130464/000119312526059379/bkh-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-059379
- JSON: https://secwatch.observer/filing/0001193125-26-059379.json
- Plain text: https://secwatch.observer/filing/0001193125-26-059379.txt

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