The consensus price target for Black Hills has increased to $68.50, primarily reflecting a sharp upward revision in forecast revenue growth despite a notable decline in net profit margin.
What's in the News
- Black Hills and NorthWestern Energy Group announced an all-stock, tax-free merger to create a leading regional regulated utility with a pro forma market capitalization of approximately $7.8 billion; CEO Linn Evans will retire following transaction close.
- Black Hills reaffirmed 2025 earnings guidance at $4.00 to $4.20 per share.
- Black Hills’ Kansas natural gas utility received approval for new rates, yielding $15.2 million in annual base rate revenue increase and continued use of the GSRS for pipeline upgrades.
- Black Hills' South Dakota electric utility subsidiary secured approval to begin constructing the $280 million Lange II Project, a 99 MW dispatchable generation resource expected to serve customers in the second half of 2026.
Valuation Changes
Summary of Valuation Changes for Black Hills
- The Consensus Analyst Price Target has risen from $65.20 to $68.50.
- The Consensus Revenue Growth forecasts for Black Hills has significantly risen from 0.1% per annum to 10.3% per annum.
- The Net Profit Margin for Black Hills has significantly fallen from 16.70% to 12.49%.
Disclaimer
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