Black Hills Corporation Projects About $150M in 2030 Net Income From Google Agreements

Black Hills Corporation projects about $150 million in 2030 net income from its Google data center agreements, which are forecast to produce $2.4 billion in unlevered free cash flow through 2048. The cash-flow estimate follows $1.8 billion in generation investment.

The company reaffirmed adjusted earnings per share guidance of $4.25 to $4.45 for 2026. Management expressed confidence in the upper half of its long-term earnings-per-share growth range of 4% to 6%.

President and CEO Linden Evans said, “We delivered excellent operational and financial results as we successfully advanced our strategic initiatives through the third quarter.”