Update: Black Hills Shares Rise After Agreements to Serve Google Data Center

MT newswire2026/10/07 19:21

03:21 PM EDT, 10/07/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.) Black Hills (BKH) shares rose 8.1% in Wednesday trading, a day after the company said it signed agreements to provide energy service to Google's (GOOG, GOOGL) planned data center in Cheyenne, Wyoming, and plans to invest $1.8 billion in new natural gas generation. The company will provide up to 590 megawatts of grid-connected energy service and manage about 2.1 gigawatts of third-party contracted resources through a privately managed microgrid. Energy service is expected to begin in late 2027 and ramp to the project's peak load in 2030. The project is expected to provide about $150 million of net income in 2030 and approximately $2.4 billion of unlevered free cash flow through 2048, net of the $1.8 billion expenditures. Price: 76.47, Change: +5.73, Percent Change: +8.10

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