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.

John makes swift changes at the Capitol, the venom between Jamie and Beth reaches a boiling point, Rip updates John on his solution to the wolves, and the Yellowstone cowboys brand calves.

Jamie goes through with his plan, John lends support to an unexpected friend, the Yellowstone cowboys embark on a journey, and a flashback reveals the source of Rip's loyalty.