Black Hills (US:BKH)2025-11-06 16:00Financial Performance & Outlook - Black Hills Corp reaffirmed its full-year adjusted earnings guidance range of $400 to $420[14] - The company is targeting a long-term EPS growth of 4% to 6%, planning to deliver in the upper half of the range starting in 2026[14] - Black Hills Corp is forecasting $1 billion in capital investment for 2025 and $47 billion from 2025 to 2029[14] - The company completed a $220 million equity issuance in 2025[12] Strategic Initiatives & Merger - Black Hills Corp is progressing with its merger with NorthWestern Energy, having filed joint applications for transaction approval with regulatory commissions in Montana, Nebraska, and South Dakota[21, 22] - The company expects to file a joint application with FERC during Q4 2025[22] - Black Hills Corp is engaged with high-quality partners representing 3 GW+ of data center load requests[12] Capital Investments & Projects - The company's capital investment forecast is $47 billion from 2025-2029[16] - The Ready Wyoming transmission expansion project is on track to be placed in service by year-end, with the first phase completed in late 2024 at a cost of ~$40 million out of a total ~$350 million project[12, 58] - Construction has commenced on the 99 MW Lange II generation project in Rapid City, with an expected in-service date in the second half of 2026[12] Regulatory & Reliability - Black Hills Corp reached a settlement for the Nebraska Gas rate review[12] - The company was recognized by Escalent as the 2025 Most Trusted Utility Brand and 2025 Easiest Utilities to do Business With[12]