Black Hills Corporation BKH R2KR3K
Company Overview
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
Why Investors Should Care
Trades at a P/E of 18.4, below the sector median of 21.3.
Operating margin of 21.4% supports profitability.
Offers a dividend yield of 3.87%.
Recent Developments
- Dec 2025 Revenue of $2.29B (+9.0% YoY); net profit $291.60M.
- Trailing 12 Months Year-on-year growth — revenue +3.1%, earnings +31.6%.
- 5-Year Trend Long-term compounding — revenue CAGR 5.0%, profit CAGR 6.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 4.95% |
| 1 Year: | 3.10% |
Compounded Profit Growth
| 5 Years: | 6.19% |
| 1 Year: | 31.60% |
Stock Price Performance
| 1 Year: | +23.91% |
| 6 Months: | +1.50% |
| 3 Months: | +1.55% |
| 1 Month: | +1.59% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)52.26 · Neutral
P/E of 18.44 is below the sector median of 21.26 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Attractive dividend yield of 3.87%.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BKH Black Hills Corporation R2KR3K | 73.21 | 18.44 | $5.57B | 3.87% | 5.31% | 7.63% | 4.95% | 6.19% |
| 2 | NEE NextEra Energy, Inc. SPXR3K | 83.43 | 18.75 | $174.00B | 2.95% | 4.36% | 11.68% | 4.12% | 8.76% |
| 3 | CEG Constellation Energy Corporation NDXSPXR3KAI | 298.96 | 29.20 | $106.76B | 0.65% | 6.26% | 15.06% | 5.18% | 31.53% |
| 4 | SO The Southern Company SPXR3K | 88.11 | 21.23 | $101.36B | 3.27% | 5.25% | 11.48% | 3.71% | 5.23% |
| 5 | DUK Duke Energy Corporation SPXR3K | 120.22 | 18.11 | $93.74B | 3.50% | 4.94% | 9.86% | 5.53% | 6.88% |
| 6 | AEP American Electric Power Company, Inc. NDXSPXR3K | 124.50 | 21.58 | $67.78B | 3.03% | 5.32% | 10.13% | 2.93% | 7.23% |
| 7 | D Dominion Energy, Inc. SPXR3K | 65.84 | 22.78 | $57.91B | 4.00% | 4.19% | 8.28% | 0.61% | 0.93% |
| 8 | SRE Sempra SPXR3K | 84.04 | 24.36 | $54.95B | 3.12% | 3.46% | 6.68% | 3.05% | 3.18% |
| 9 | VST Vistra Corp. SPXR3KAI | 149.30 | 25.09 | $50.34B | 0.65% | 7.18% | 42.90% | 18.43% | 0.34% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 573.36M | 352.46M | 320.16M | - | 597.97M | 329.75M | 323.75M | - | 530.21M | 324.19M | 344.31M | 630.22M | 368.42M | 378.65M | 821.77M | 470.32M | 460.87M | 912.10M | 405.10M | 400.10M | 717.20M | 397.10M | 398.60M | 800.40M | 435.70M | 427.40M | 762.00M | 440.60M |
| Operating Income | 70.50M | -38.86M | -2.04M | 197.00K | 91.28M | 63.73M | 70.84M | 110.33M | 150.19M | 69.80M | 79.56M | 117.19M | 148.27M | 69.55M | 65.08M | 114.13M | 160.13M | 54.00M | 70.55M | 121.36M | 153.19M | 66.93M | 82.23M | 138.31M | 67.27M | 89.87M | 173.35M | 72.39M | 79.48M | 174.90M | 63.50M | 97.80M | 193.30M | 70.60M | 75.80M | 205.00M | 82.50M | 78.70M | 201.90M | 97.00M |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | 133.00M | 21.92M | 16.95M | 86.57M | 103.81M | 14.58M | 11.74M | 69.18M | 93.17M | 20.97M | 36.28M | 96.32M | 25.16M | 44.11M | 117.53M | 33.41M | 34.97M | 114.10M | 23.10M | 45.40M | 127.90M | 22.80M | 24.40M | 134.30M | 27.50M | 24.90M | 131.00M | 38.20M |
| Diluted EPS | 0.76 | -0.94 | -0.22 | -0.30 | 0.77 | 0.01 | 0.26 | 0.33 | 1.39 | 0.40 | 0.50 | 0.92 | 2.46 | 0.40 | 0.31 | 1.49 | 1.73 | 0.24 | 0.19 | 1.13 | 1.51 | 0.33 | 0.58 | 1.54 | 0.40 | 0.70 | 1.82 | 0.52 | 0.54 | 1.73 | 0.35 | 0.67 | 1.87 | 0.33 | 0.35 | 1.87 | 0.38 | 0.34 | 1.73 | 0.50 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.01B | 1.27B | 1.31B | 1.27B | 1.17B | 1.28B | 1.39B | 1.26B | 1.54B | 1.68B | 1.75B | 1.73B | 1.68B | 1.93B | 2.54B | 2.30B | 2.10B | 2.29B |
| Gross Profit | - | 603.47M | 652.72M | 697.20M | 766.82M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 55.88M | 124.16M | 183.42M | 186.24M | 243.71M | 259.44M | 263.87M | 300.42M | 336.18M | 416.74M | 397.04M | 406.04M | 428.30M | 409.40M | 455.20M | 472.70M | 503.10M | 537.50M |
| Net Income | 105.08M | 81.56M | 68.69M | 49.73M | 81.53M | 114.96M | 130.89M | -32.11M | 72.97M | 177.03M | 258.44M | 199.31M | 227.61M | 236.70M | 258.40M | 262.20M | 273.10M | 291.60M |
| Diluted EPS | 2.75 | 2.11 | 1.76 | 1.24 | 1.85 | 2.64 | 2.93 | -0.71 | 1.37 | 3.21 | 4.66 | 3.28 | 3.65 | 3.74 | 3.97 | 3.91 | 3.91 | 3.98 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.32B | 3.71B | 4.13B | 3.73B | 3.88B | 4.25B | 4.63B | 6.54B | 6.66B | 6.96B | 7.56B | 8.09B | - | 9.62B | 9.62B | 10.02B | 10.87B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07B | 826.60M | 742.30M | 995.90M |
| Cash & Equivalents | 81.25M | 168.53M | 112.90M | 16.44M | 21.63M | 15.46M | 7.84M | 21.22M | 440.86M | 13.52M | 15.42M | 20.78M | 9.78M | 6.36M | - | 21.40M | 86.60M | 16.10M | 182.80M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 207.40M | 160.90M | 153.90M | 172.40M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 267.60M | 198.50M | 201.50M | 223.30M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.53B | 6.31B | 6.44B | 6.96B |
| Current Liabilities | - | - | 644.86M | 793.61M | 878.07M | 734.89M | 378.39M | 651.28M | 406.36M | 527.93M | 649.10M | 648.23M | 811.29M | 696.53M | - | 1.67B | 1.19B | 763.40M | 740.00M |
| Long Term Debt | - | - | 1.02B | 1.19B | 1.28B | 938.88M | 1.40B | 1.27B | 1.85B | 3.21B | 3.11B | 2.95B | 3.14B | 3.53B | - | 3.61B | 3.80B | 4.25B | 4.70B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.67B | 4.40B | 4.38B | 4.70B |
| Total Equity | 969.86M | 1.05B | 1.08B | 1.10B | 1.21B | 1.21B | 1.28B | 1.35B | 1.47B | 1.61B | 1.71B | 2.18B | 2.36B | 2.56B | - | 2.99B | 3.22B | 3.50B | 3.82B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.14M | 68.27M | 71.68M | 75.52M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 145.64M | 270.50M | 147.75M | 223.70M | 316.97M | 324.63M | 315.32M | 424.38M | 320.48M | 428.26M | 488.81M | 505.51M | 541.86M | -64.60M | 584.80M | 944.40M | 719.30M | 673.40M |
| Investing Cash Flow | -457.05M | -269.82M | -389.17M | -447.01M | 11.17M | -349.28M | -401.15M | -476.39M | -1.59B | -317.12M | -465.85M | -816.21M | -761.66M | -664.20M | -603.90M | -536.70M | -746.00M | -828.20M |
| Financing Cash Flow | 398.69M | -56.31M | 160.95M | 249.63M | -371.45M | 17.03M | 91.07M | 483.70M | 841.00M | -108.69M | -17.06M | 300.21M | 216.88M | 731.90M | 32.30M | -341.70M | -42.90M | 321.80M |
| Capital Expenditure | - | - | - | -440.70M | -349.13M | -354.75M | -398.49M | -266.38M | -454.95M | -326.01M | -457.52M | -818.38M | -767.40M | -677.50M | -604.40M | -555.60M | -744.20M | -819.80M |
| Free Cash Flow | - | - | - | -216.99M | -32.16M | -30.12M | -83.18M | 158.01M | -134.47M | 102.25M | 31.29M | -312.86M | -225.54M | -742.10M | -19.60M | 388.80M | -24.90M | -146.40M |
| Dividends Paid | 53.66M | 55.15M | 56.47M | 59.20M | 65.26M | 67.59M | 69.64M | 72.60M | 87.57M | 96.74M | 106.59M | 124.65M | 135.44M | 145.00M | 156.70M | 168.10M | 182.30M | 197.90M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | 47.5% | 49.9% | 54.8% | 65.3% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.6% | 9.8% | 14.0% | 14.6% | 20.8% | 20.3% | 18.9% | 23.8% | 21.8% | 24.8% | 22.7% | 23.5% | 25.5% | 21.2% | 17.9% | 20.5% | 24.0% | 23.5% |
| Net Margin % | 10.4% | 6.4% | 5.3% | 3.9% | 6.9% | 9.0% | 9.4% | -2.5% | 4.7% | 10.5% | 14.8% | 11.5% | 13.5% | 12.3% | 10.2% | 11.4% | 13.0% | 12.8% |
| ROE % | 10.0% | 7.5% | 6.2% | 4.1% | 6.8% | 9.0% | 9.7% | -2.2% | 4.5% | 10.4% | 11.8% | 8.4% | 8.9% | - | 8.6% | 8.2% | 7.8% | 7.6% |
| ROCE % | - | 4.6% | 6.3% | 5.7% | 8.1% | 7.4% | 7.3% | 7.1% | 5.6% | 6.9% | 6.3% | 6.0% | 5.8% | - | 5.7% | 5.6% | 5.4% | 5.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 16.37% | 12.48M | $908.70M |
| 2 | Vanguard Portfolio Management LLC | 6.74% | 5.14M | $374.27M |
| 3 | State Street Corporation | 5.01% | 3.82M | $278.06M |
| 4 | Vanguard Capital Management LLC | 4.50% | 3.43M | $249.59M |
| 5 | Nomura Asset Management International Inc | 3.27% | 2.50M | $181.78M |
| 6 | AQR Capital Management, LLC | 2.93% | 2.23M | $162.49M |
| 7 | Point72 Asset Management, L.P. | 2.83% | 2.16M | $157.34M |
| 8 | Geode Capital Management, LLC | 2.80% | 2.13M | $155.16M |
| 9 | Franklin Resources, Inc. | 2.57% | 1.96M | $142.92M |
| 10 | Capital Research Global Investors | 2.39% | 1.83M | $132.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BKH
Black Hills (BKH) Posts Higher Profit While Wall Street Stays Skeptical - Yahoo Finance
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Black Hills (BKH) Could Be 12% Undervalued As Rate Base Growth Comes Into Focus - simplywall.st
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Black Hills (BKH) slides 6.1% as utilities weaken and equity-issuance overhang resurfaces | BKH Stock News - quiverquant.com
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Corient Private Wealth LP Makes New Investment in Black Hills Corporation $BKH - marketbeat.com
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Black Hills: A 439 MW Utility With A Three GW Data Center Pipeline - Seeking Alpha
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Black Hills (BKH), What Is Drawing Fresh Attention Now? - webull.com
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BKH — Frequently Asked Questions
What is the current share price of Black Hills Corporation (BKH)?
As of 2026-09-07 16:24 PDT, Black Hills Corporation (BKH) trades at $73.21 on NYSE. Its 52-week range is $56.15 to $75.38.
What is the market capitalisation of BKH?
Black Hills Corporation (BKH) has a market capitalisation of $5.57B on NYSE.
What is the P/E ratio of BKH?
BKH trades at a trailing price-to-earnings (P/E) ratio of 18.44. The industry average P/E is 21.26. Its price-to-book (P/B) ratio is 1.44.
Does BKH pay a dividend?
Black Hills Corporation (BKH) currently offers a dividend yield of 3.87%.
What is the return on equity (ROE) of BKH?
BKH has a return on equity (ROE) of 7.63%. Its return on capital employed (ROCE) is 5.31%.
Is BKH a good stock to buy?
This page provides a data-driven analysis of Black Hills Corporation (BKH), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.