Black Hills Corporation·Utilities

Some people aren't trusting this market rally, which continues to move higher. Every portfolio should have some defensive plays in it in case of a market downturn.

NextEra Energy's (NYSE: NEE | NEE Price Prediction) agreement to acquire Dominion Energy (NYSE: D) in a roughly $67 billion all-stock deal has investors hunting for the next big utility consolidation targets.

Black Hills NYSE: BKH executives said the utility remained on track to meet its 2026 earnings targets despite unusually warm winter weather that weighed on first-quarter demand, while also outlining progress on its pending merger with NorthWestern Energy and a growing pipeline of large-load data center opportunities.

Black Hills Corporation (BKH) Q1 2026 Earnings Call Transcript

RAPID CITY, S.D., May 06, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced financial results for the first quarter ended March 31, 2026. Net income available for common stock and earnings per share, diluted (EPS) for the three months ended March 31, 2026, compared to the three months ended March 31, 2025, were:

Black Hills is one of a small number of utilities that have achieved Dividend King status. NextEra Energy is a utility that has an impressive history of dividend growth.
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
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