Black Hills Corp（BKH）资讯与事件BKHBlack Hills Corp

Black Hills Stock Rises 9.7% to $77.61

Black Hills is up 9.7%, or $6.87 to $77.61.

Black Hills Signs Data Center Agreement with Google

Black Hills (BKH) announced it has signed definitive agreements effective Sept. 30, with terms through 2048, to serve a planned Google (GOOG) data center to be constructed in Cheyenne, Wyoming. The negotiated agreements include a large power contract services agreement, or LPCSA, and a generation facilities agreement, or GFA. The project, exclusive of additional transmission system expansion investments, is anticipated to be served by a total resource mix of 2.7 GW, including reserve margins, and is planned to begin taking energy service in late 2027 and ramp to the project's peak load in 2030. Black Hills will provide up to 590 MW of grid-connected energy service through company-owned generation and market energy. In addition, Black Hills will manage the output of approximately 2.1 GW of Wyoming-based, third-party contracted resources through a privately managed microgrid under the company's LPCS tariff. To support the project, Black Hills plans to invest $1.8B between 2027 and 2029 to construct 564 MW of company-owned generation. The company expects to begin earning a return on its generation investment when construction begins in 2027. Revenue from microgrid management fees is anticipated to begin in late 2027 and increase based upon a contractually defined ramp schedule included in the LPCSA. The project is expected to provide approximately $150M of net income in 2030. Beyond 2030 and as contracted, the company will continue to earn MGMF and a return on its capital investment to be fully depreciated by 2048. The project is expected to deliver approximately $2.4B of unlevered free cash flow, net of $1.8 billion of generation capital investment.

Company Reports Q2 Revenue of $452.8M

Reports Q2 revenue $452.8M, consensus $490.89M.