AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue of $440.6M, up from $439.0M YoY, driven by new rate recovery in Electric and Gas Utilities partially offset by lower customer usage and unfavorable weather.
Biggest Revenue Drivers
Electric Utilities$226.3M+2.9% YoY
New rates and rider recovery from Ready Wyoming project and improved industrial loads under LPCS tariff
Gas Utilities$230.5M+3.4% YoY
New rates from Nebraska Gas and Kansas Gas settlements offset by unfavorable weather and lower retail usage
Biggest Revenue Drivers
Total revenue: $440.6M+0.4% YoY
Electric Utilities$226.3M+2.9% YoY
New rates and rider recovery from Ready Wyoming project and improved industrial loads under LPCS tariff
Gas Utilities$230.5M+3.4% YoY
New rates from Nebraska Gas and Kansas Gas settlements offset by unfavorable weather and lower retail usage
Largest Expense Items
Fuel, purchased power and cost of natural gas sold$113.5M-8.6% YoY
Lower natural gas prices and commodity costs; reduced generation fuel needs
Operations and maintenance$150.5M+1.9% YoY
Lower outside services and prior-year unplanned outages offset by higher compensation and office costs
Depreciation and amortization$75.3M+7.9% YoY
Higher asset base from capital expenditures including Ready Wyoming and Lange II projects
Interest expense, net$52.7M+5.4% YoY
Higher interest rates and increased debt balances
Watch Items from the Filing
Wyoming Electric data center customer concentration risk: $377M refundable advances maturing August 31, 2026 for 1.8 GW capacity contingent on definitive agreement execution; failure to close would require alternate financing.
Pending NorthWestern merger approval: FERC approved May 29, 2026; NPSC and SDPUC approved; MPSC hearings held Q2 2026 awaiting settlement approval; transaction expected to close by end-2026.
Capital expenditure acceleration: First half 2026 capex of $583M vs. $370M YoY; full-year forecast $905M driven by Lange II generation project and Wyoming transmission upgrades.
Wyoming Electric system peak demand reached record 439 MW on July 20, 2026, up from 379 MW prior all-time high June 20, 2025, driven by large LPCS customers.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Beard Robert F.Reporting ownerGrant or award · May 1, 2026
Granger Barry MReporting ownerGrant or award · May 1, 2026
Jensen Tony AReporting ownerGrant or award · May 1, 2026
McAllister Kathleen SReporting ownerGrant or award · May 1, 2026
Mills Steven RichardReporting ownerGrant or award · May 1, 2026
Prochazka Scott MReporting ownerGrant or award · May 1, 2026
Taylor TeresaReporting ownerGrant or award · May 1, 2026
Waleski Anne GReporting ownerGrant or award · May 1, 2026
Evans Linden RPresident and CEOGift · Feb 17, 2026
Congress trading in BKH
2 transactions in BKH reported by 1 member of Congress under the STOCK Act, most recent trade Jul 16, 2025. Reported transactions, not recommendations.
About BLACK HILLS CORP /SD/ (BKH): stock profile, AI score and financials
BLACK HILLS CORP /SD/ (BKH) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores BKH at 49.0/100 on a composite quality score built from its SEC filings, placing it at rank #1,704 of 2,925 stocks — the bottom half of the AI-ranked universe. Areas of concern include free cash flow (16.1) and revenue growth (38.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), BLACK HILLS CORP /SD/ reports quarterly revenue of $452.8M, net income of $38.2M, an operating margin of 21.4%. Top institutional holders of BKH by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. BKH trades on the NYSE exchange and files with the SEC under CIK 1130464. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BKH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BLACK HILLS CORP /SD/ directly from SEC EDGAR.