News · Yahoo Finance

Black Hills Corp. Reports 2026 Third-Quarter Results and Reaffirms 2026 Earnings Guidance

Black Hills (BKH) reported third-quarter adjusted EPS of $0.57, up from $0.45 a year earlier, and GAAP EPS of $0.54. The company reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45 per share, excluding merger-related costs. It has signed agreements to serve Google's planned Wyoming data center, with earnings expected to begin in mid-2027 and reach about $150 million of net income in 2030. It also requested approval for $686 million of transmission expansion investments, bringing total large-load investment to $2.5 billion. The NorthWestern Energy merger awaits final approval from the Montana Public Service Commission.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

earningselectricitydata centersmergers and acquisitions

Open a keyword to see other news on the same topic.

Related news

  • This Dividend King Is Getting In on the AI Energy Boom With Its Recent Deal with Google. Is It a Buy?

    Black Hills (BKH), a regulated utility with 56 years of consecutive dividend increases, has signed agreements with Google to provide energy infrastructure for its hyperscale data center campus in Cheyenne, Wyoming, running through 2048. The deal includes 2.7 GW of power: 590 MW grid-connected and 2.1 GW from a privately managed off-grid microgrid. Black Hills will invest $1.8 billion to build 564 MW of natural gas generation between 2027 and 2029, while Google provided $399 million in refundable advances. At peak load in 2030, the company projects $150 million in annual net income, compared with $292 million in 2025 net income. Wyoming has become a data center hub, with Wyoming Electric's peak load reaching a record 439 MW, and Microsoft and Meta are also building there.

    Yahoo Finance·dividendsdata centerselectricity
  • GE Vernova's $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy

    GE Vernova has agreed to buy Trench Group from Triton Partners for $9 billion, paying half in cash and half in debt, with closing expected in late 2027. In the third quarter, orders rose 96% organically and backlog grew $20 billion in a single quarter to $197 billion, with management expecting it to pass $200 billion in Q4. Trench makes bushings, instrument transformers and coils, serves more than 800 utilities and hyperscalers, has a backlog of nearly $5 billion, and already supplies GE Vernova as well as Siemens Energy and Hitachi Energy. The article argues the deal gives GE Vernova control of a bottleneck in grid equipment needed for AI data centers. The company also raised its full-year targets, generated $5.4 billion in free cash flow versus $732 million a year earlier, and doubled its stock buyback plan to $20 billion.

    Yahoo Finance·mergers and acquisitionsGE Vernovadata centers
  • EQT Is Building a $50 Billion Natural Gas Giant as AI Power Demand Surges

    EQT is acquiring Range Resources in an all-stock deal that will create a company with a $50 billion enterprise value, expected to close in the first quarter of 2027. EQT shareholders will own 73% of the combined company and Range holders 27%, making it the largest U.S. gas producer at more than 9 billion cubic feet equivalent per day, 88% of it natural gas. EQT is also signing long-term supply contracts tied to power demand, such as a 10-year deal to supply 325,000 dekatherms of gas per day to a West Virginia power plant, priced against PJM power prices. The article cites a Rabobank estimate that U.S. power demand could rise 20% by 2030 as AI data centers grow, but warns that slower AI spending could affect future gas demand and the value of the deal.

    Yahoo Finance·natural gasmergers and acquisitionselectricity
  • 9 , 762 Shares in NextEra Energy , Inc . $NEE Bought by Cornerstone Enterprises LLC

    Cornerstone Enterprises LLC bought a new position of 9,762 shares in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, valued at about $739,000 according to its SEC filing. Institutional investors and hedge funds hold 78.72% of the stock, and several other funds also changed their stakes. Recent news includes a Wells Fargo upgrade to “strong buy”, a roughly $100 billion Kentucky AI hub with Brookfield, and a proposed shareholder litigation settlement in which insurers would pay $15.5 million. Uncertainty remains over NextEra's proposed $67 billion acquisition, and KeyCorp cut its 2026 EPS forecast to $3.96 from $4.02. MarketBeat data shows an average rating of “Moderate Buy” with a $99.65 average target, and the stock opened at $79.02 on Friday.

    dailypolitical.com·NEEelectricitymergers and acquisitions
  • Stocktwits Power Watch: CEG Bags Google Deal, VST Secures Government Funding, Utility Merger Draws Fire

    Constellation Energy (CEG) signed a long-term nuclear power deal with Google covering 3,590 MW, including a 20-year contract for 890 MW of additional capacity and a 15-year agreement for 2,700 MW, and plans to invest more than $4.3 billion to upgrade 11 reactors. Vistra (VST) received a conditional loan commitment of up to $4.2 billion from the U.S. Department of Energy to add 433 MW of nuclear capacity and preserve nearly 4 GW of existing generation, subject to final approval conditions. NextEra Energy's proposed $67 billion merger with Dominion Energy faced criticism in Virginia over electricity bills and competition. Duke Energy proposed an agreement with Amazon, Google, Meta, Microsoft and others requiring large users, including new data centers, to pay upfront for dedicated grid infrastructure and provide financial guarantees.

    Yahoo Finance·• GOOGLelectricitynuclear powerdata centers
  • GE Vernova shares slip despite a beat-and-raise. What the sellers are getting wrong

    GE Vernova shares fell on Wednesday despite the gas turbine maker beating expectations and raising its full-year outlook. Third-quarter revenue rose about 27% to $12.64 billion, above the $11.99 billion LSEG estimate, while EPS jumped 193% to $4.81 versus a consensus of $3.94. The company also agreed to buy Trench Group, a privately held maker of electric-grid equipment. The sell-off appears linked to guidance that fourth-quarter gas turbine pricing per kilowatt will be below third-quarter levels and to uneven quarterly growth in Gas Power in 2027, even as backlog rose from 116 GW to 122 GW and management expects 130 GW by year-end. The author argues the decline is too critical and does not reflect the company's underlying business strength.

    CNBC·earningsGE Vernovaelectricity

Related markets

US stocks →

Latest news

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.