Filing Flows › Black Hills (BKH) › Guidance history
Black Hills (BKH) guidance history: what it guided and what it reported
Black Hills gave guidance in 12 earnings releases on file since Feb 7, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Tax rate: 1 of 1, on average -0.3 pts against the guided midpoint. Its releases raised guidance twice and lowered it 0 times.
Tax rate
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 14.0% (Feb 4, 2026) → reaffirmed 14.0% (May 6, 2026) → reaffirmed 14.0% (Aug 5, 2026) → reaffirmed 14.0% (Nov 4, 2026) | — | to be reported | — |
| FY2025 | 13.0% (May 8, 2025) → reaffirmed 13.0% (Jul 30, 2025) → reaffirmed 13.0% (Nov 5, 2025) | 12.7% | within the range | -0.3 pts |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $4.00–$4.20 (Feb 5, 2025) → reaffirmed $4.00–$4.20 (May 8, 2025) → reaffirmed $4.00–$4.20 (Jul 30, 2025) | — | — | — |
| FY2024 | $3.80–$4.00 (Feb 7, 2024) → reaffirmed $3.80–$4.00 (May 8, 2024) → reaffirmed $3.80–$4.00 (Jul 31, 2024) → reaffirmed $3.80–$4.00 (Nov 6, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $170M–$190M (May 8, 2024) → reaffirmed $170M–$190M (Jul 31, 2024) | $744M (GAAP) | not judged | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $4.2M (Nov 5, 2025) | — | — | — |
Other income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.8M (Feb 4, 2026) | — | to be reported | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.25–$4.45 (Feb 4, 2026) → reaffirmed $4.25–$4.45 (May 6, 2026) → reaffirmed $4.25–$4.45 (Aug 5, 2026) → reaffirmed $4.25–$4.45 (Nov 4, 2026) | — | to be reported | — |
| FY2025 | $4.00–$4.20 (Nov 5, 2025) | — | — | — |
The latest quarter
Black Hills, Q3 2026: revenue $466M (+8% year over year), operating margin 21.0%, net earnings $41.0M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
Questions
Does Black Hills beat its guidance?
Black Hills gave guidance in 12 earnings releases on file since Feb 7, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Tax rate: 1 of 1, on average -0.3 pts against the guided midpoint.
How often does Black Hills raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Feb 7, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.