Black Hills (BKH) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:20 PM CDT 28 min read

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Date

Thursday, May 7, 2026 astatine 11 a.m. ET

Call participants

• Chief Executive Officer — Linden R. Evans

• Chief Financial Officer — Kimberly F. Nooney

• Vice President, Regulatory and Governmental Affairs — Marne M. Jones

Full Conference Call Transcript

Linden R. Evans: Thank you, Sal. Good morning, and convey you each for joining america today. I volition supply a summary of our Q1 2026 results, our strategical progress, and our advancement with our pending merger with NorthWestern Energy. Kimberly volition supply our fiscal update, and Marne volition supply our concern update, including cardinal projects, our advancement with ample load opportunities, and our coagulated regulatory execution. In April, our manufacture recognized Line Mechanic Appreciation Month. Let maine commencement by pausing to admit our singular squad of men and women, galore of whom are tuning successful today.

You are often the look of our institution and industry, which our customers and communities respect, admire, and trust on—ensuring our strategy is operating reliably, and restoring interrupted work arsenic safely and efficiently arsenic possible. When astir question structure during a upwind event, you are the squad that heads retired into the storm. Thank you for each you bash and the sacrifices you and often your families marque to support the lights connected and for what you bash each time to support our customers safe. Our archetypal 4th strategical achievements are outlined connected descent three.

Following an fantabulous twelvemonth of results for our stakeholders successful 2025, I americium precise arrogant of our team’s continued success, carrying our affirmative momentum into 2026. We proceed to present safe, reliable, and affordable vigor to our customers and communities portion executing connected our strategical maturation opportunities. We are disconnected to a coagulated commencement with reaffirming our net guidance scope and maintaining our coagulated fiscal presumption and recognition ratings. We made regulatory advancement advancing our Arkansas complaint reappraisal and requesting our archetypal complaint reappraisal successful much than a decennary for South Dakota Electric.

We besides continued operation of our 99-megawatt Lang Two procreation project, which is connected docket to beryllium placed successful work aboriginal this year, and the ongoing operation of our 50-megawatt artillery retention task arsenic portion of our cleanable vigor program successful Colorado that we commenced successful Q4 2025. Large load customers, including hyperscale information centers, proceed to connection important maturation opportunities representing much than 3 gigawatts of imaginable demand, including 600 megawatts by 2030 wrong our existent five-year fiscal plan. We are besides negotiating with high-quality partners to scope agreements to service this pipeline.