John makes a deal with Governor Perry, Beth is uneasy about a hospitality company's presence near the ranch, Monica asks for a favor, and Jamie gets a new opportunity.

Jamie plays cover-up and damage control with Hendon. Governor Perry hears a $6 billion pitch for a development right on the Yellowstone, and later makes some political maneuvers. Jimmy competes in a rodeo competition.

Jamie calls a meeting, Beth retaliates, Thomas Rainwater makes John an offer, Mia gives Jimmy an ultimatum, and Kayce receives a surprising endorsement.

The Yellowstone recovers and begins planning revenge. Rainwater receives an offer from a newcomer. Rip gets a surprise.

Jamie receives some surprising news; Beth receives an offer; Jimmy settles in on the road; tensions boil over in the bunkhouse.

John is put in an awkward position by Gov. Perry; Carter works to earn back Beth's trust; Jamie is in for a big surprise.

Tensions escalate with the protestors, but Beth has a plan. Jimmy and Emily get closer. Monica and Kayce share a special moment.

John is sworn in as governor of Montana, settles into the powers of his office and makes bold moves to protect the Yellowstone, and the bunkhouse and the Duttons enjoy the Governor's Ball.

John makes a passionate speech to the state of Montana, a formidable new opponent from Market Equities arrives on a private jet, and the cowboys on the Yellowstone deal with a new problem.

Beth heads to Salt Lake City to take care of unfinished business, a trap's set for Jamie, Kayce makes an important decision for his family, and Thomas Rainwater deals with mounting pressure.

John deals with a herd problem, Senator Perry delivers news to Thomas Rainwater, Jamie and Sarah plan their next move, and Beth discusses a new business plan with the ranch in mind.

Beth comes to a chilling realization. Kayce reaches out to an old friend in search of information. Jamie meets with Market Equities.

Beth discusses the fate of the ranch with an unlikely ally. Kayce takes the investigation into his own hands. Jamie looks to advance his political agenda.

Jamie begins to spiral, and later seeks advice. Beth and Travis make a deal. Kayce has an idea about the future of the ranch.