BKH
Black Hills Corporation
October 6, 2026 · after-hours
- Rarity
- 1.70
- Peak move
- +4.76%
- Float cap
- $5.3B
Black Hills Corporation is a regulated electric and natural gas utility holding company headquartered in Rapid City, South Dakota, serving roughly 1.35 million customers across eight states including South Dakota, Wyoming, Colorado, Montana, Arkansas, Iowa, Kansas and Nebraska. Its Electric Utilities segment generates, transmits and distributes power, while its Gas Utilities segment distributes natural gas and operates pipelines and storage. It also sells power to large industrial and data center customers.
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What we found
4 events · 0 from SEC or newswire · 2 timed with the move- Key eventTimed with the move
major_contractBlack Hills Corp. signed definitive agreements effective Sept. 30, 2026, through 2048, to serve Google's planned Cheyenne, Wyoming data center, including a Large Power Contract Services Agreement and a Generation Facilities Agreement, with up to 590 MW of grid-connected service, management of about 2.1 GW of third-party contracted resources via a private microgrid, and a $1.8 billion investment in 564 MW of company-owned natural gas generation, expecting about $150 million of net income in 2030.
- Key eventTimed with the move
debt_financingBlack Hills plans to invest $1.8 billion in 2027-2029 to build 564 MW of company-owned natural gas generation at its Cheyenne Prairie Generating Station for the Google data center, with Google providing $399 million of refundable advances for long lead-time equipment to be reimbursed by June 30, 2027.
- Key event
reg_fd_disclosureBlack Hills filed an 8-K on Oct. 6, 2026 disclosing the Google Cheyenne data center agreements, noting Google provided $399 million of refundable advances for long lead-time equipment to be reimbursed by June 30, 2027, and the project is expected to contribute about $150 million of net income in 2030.
analyst_ratingFreedom Broker initiated coverage of Black Hills Corporation (BKH) with a Hold rating and a $69 price target, citing rising electricity demand from data centers and the pending NorthWestern Energy merger alongside a high cost of capital.