secwatch.observer — SEC 8-K summary
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Issuer:     BLACK HILLS CORP /SD/ (BKH)
CIK:        0001130464
Form:       8-K
Filed at:   2026-08-17T20:34:22+00:00
Accession:  0001193125-26-354167
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Hills-NorthWestern merger advances; NWE Q2 EPS $0.40, closing expected by year-end 2026
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- NWE Q2 2026 revenue $392.6M, net income $25.0M, diluted EPS $0.40; H1 revenue $890.2M, EPS $1.43.
- Merger terms: each NWE share converts to 0.98 BKH share; all-stock merger of equals.
- FERC, Nebraska PSC, and South Dakota PUC approved merger; Montana PSC order pending, closing targeted by year-end 2026.
- Shareholders approved merger in April 2026; HSR waiting period expired; NWE incurred $6.7M merger costs in H1 2026.
- NWE completed Colstrip Unit 3/4 acquisitions from Avista and Puget on Jan 1, 2026 for $0.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130464/000119312526354167/0001193125-26-354167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130464/000119312526354167/bkh-20260817.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-354167

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