Black Hills Corporation stock falls 1.76 percent after Q2 results

Black Hills Corporation stock fell 1.76 percent to USD 70.51 on the NYSE on September 23, 2026, while the utility's latest quarterly earnings beat the consensus estimate. According to MarketBeat, Black Hills reported quarterly EPS of USD 0.54 against a USD 0.41 consensus estimate and reaffirmed its fiscal 2026 guidance.

EPS beat contrasts with revenue

Black Hills generated USD 452.8 million in revenue in the second quarter of fiscal 2026, up 3.1 percent from the same period a year earlier. The comparison is important because revenue growth was modest, yet EPS increased from USD 0.38 in the prior-year quarter to USD 0.54.

The earnings beat was USD 0.13 per share versus consensus, but revenue fell short of the USD 490.89 million estimate cited by MarketBeat. That split leaves earnings efficiency as the clearest positive in the quarterly numbers, while demand and rate recovery remain tied to the revenue outlook.

Guidance stays at USD 4.25 to USD 4.45

Black Hills maintained its fiscal 2026 EPS guidance at USD 4.25 to USD 4.45, according to MarketBeat. The company also pays a quarterly dividend of USD 0.703 per share, equal to an annualized USD 2.81 payout and a 3.9 percent yield.

Analyst expectations moved higher in September. Bank of America raised its Black Hills price target from USD 87 to USD 97 and kept a Buy rating, as reported by MarketBeat. The higher target sits above the September 23 market price, but it remains an analyst assessment rather than a company forecast.

Stock remains below yearly high

Black Hills stock was trading at USD 70.51 on the NYSE on September 23, 2026 at 4:00 p.m. ET, down USD 1.26 or 1.76 percent from the prior close. Its 52-week range was USD 59.33 to USD 78.69, leaving the price USD 8.18 below the yearly high and USD 11.18 above the low.