
Black Hills Corporation
BKHNYSEUtilitiesRegulated Gas
Previous close
$71.69
−$1.60 · -2.18%
Pre-market
$71.11
−$0.58 · -0.81%
Aug 24, 6:10 AM ET
BKH company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
67
Undervalued
Momentum
49
Neutral
Sentiment
68
Bullish
Risk resilience
75
Moderate Risk
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Company profile
Company websiteBlack Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
- Industry
- Regulated Gas
- Sector
- Utilities
- Headquarters
- US
- CEO
- Linden R. Evans
- Listed since
- Feb 22, 1973
- Employees
- 2,795
Market position
Day range
Current $71.69
52-week range
Current $71.69
- Open
- $73.66
- Previous close
- $73.29
- Volume
- 594.76K
- 0.66× average
- Average volume
- 900.6K
- Average daily volume
- Market cap
- 5.46B USD
- Beta
- 0.7
- Market reference 1
- 50-day average
- $73.6908
- -2.72% below average
- 200-day average
- $72.4649
- -1.07% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 9.59B USD
- P/E (TTM)
- 18.01×
- P/B (TTM)
- 1.38×
- P/S (TTM)
- 2.37×
- EV / EBITDA
- 11.59×
- Earnings yield
- 5.75%
- Free cash flow yield
- -2.89%
- Dividend yield
- 3.88%
Profitability & efficiency
- Gross margin
- 42.92%
- Operating margin
- 23.79%
- Net margin
- 13.00%
- Return on equity
- 7.63%
- Return on assets
- 2.68%
- Return on invested capital
- 4.63%
Financial health
- Debt / equity
- 1.14×
- Current ratio
- 1.35×
- Altman Z-score
- 0.95
- Piotroski F-score
- 5 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 2.31B USD | 2.13B USD | 2.33B USD | 2.55B USD | 1.95B USD |
| Cost of goods sold | 1.42B USD | 1.29B USD | 1.53B USD | 1.78B USD | 1.24B USD |
| Gross profit | 888.7M USD | 840.4M USD | 796.4M USD | 772.8M USD | 705.5M USD |
| Operating expenses | 351.2M USD | 337.3M USD | 323.7M USD | 317.6M USD | 296.1M USD |
| Interest income | 6.8M USD | 13.5M USD | 12.1M USD | 1.6M USD | 1.7M USD |
| Interest expense | 206.9M USD | 195.2M USD | 180M USD | 162.6M USD | 154.1M USD |
| Depreciation and amortization | 283.8M USD | 270.1M USD | 256.8M USD | 250.9M USD | 236M USD |
| Operating income | 537.5M USD | 503.1M USD | 472.7M USD | 455.2M USD | 409.4M USD |
| Net income | 291.6M USD | 273.1M USD | 262.2M USD | 258.4M USD | 236.7M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 55%
- 6 beats, 3 misses, 2 met estimates
- Average EPS surprise
- +4.34%
- 11 comparable reports
- Latest EPS result
- 0.54
- Estimate 0.41 · Beat by 32.97%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Annual dividends per share
Cash distributions grouped by calendar year; partial years are marked.
$2.704
2025 complete year+18.1% since 2021
2026 partial: $2.109
$2.29
2,021
$2.41
2,022
$2.50
2,023
$2.60
2,024
$2.704
2,025
$2.109
2,026*
* Partial calendar year in the available dividend history.
Corporate action history
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Aug 17, 2026 | $0.703Quarterly | Aug 17, 2026 | Sep 1, 2026 |
Dividend | May 15, 2026 | $0.703Quarterly | May 15, 2026 | Jun 1, 2026 |
Dividend | Feb 17, 2026 | $0.703Quarterly | Feb 17, 2026 | Mar 1, 2026 |
Dividend | Nov 17, 2025 | $0.676Quarterly | Nov 17, 2025 | Dec 1, 2025 |
Dividend | Aug 18, 2025 | $0.676Quarterly | Aug 18, 2025 | Sep 2, 2025 |
Dividend | May 16, 2025 | $0.676Quarterly | May 16, 2025 | Jun 1, 2025 |
Ex-dividend Aug 17, 2026
$0.703
Quarterly
Record Aug 17, 2026 · Payment Sep 1, 2026
Ex-dividend May 15, 2026
$0.703
Quarterly
Record May 15, 2026 · Payment Jun 1, 2026
Ex-dividend Feb 17, 2026
$0.703
Quarterly
Record Feb 17, 2026 · Payment Mar 1, 2026
Ex-dividend Nov 17, 2025
$0.676
Quarterly
Record Nov 17, 2025 · Payment Dec 1, 2025
Ex-dividend Aug 18, 2025
$0.676
Quarterly
Record Aug 18, 2025 · Payment Sep 2, 2025
Ex-dividend May 16, 2025
$0.676
Quarterly
Record May 16, 2025 · Payment Jun 1, 2025
BKH peers
ETFs holding BKH
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Mid-Cap ETFIJH193.25M0.15%125.92B USD0.05%$76.77+0.52%
Vanguard Morningstar Total Stock Market ETFVTI172.57M0.01%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM146.53M0.18%81.62B USD0.19%$299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB124.66M0.07%183.4B USD0.03%$304.76+0.64%
iShares Select Dividend ETFDVY106.38M0.45%23.86B USD0.38%$164.09-0.16%
Vanguard Morningstar Small-Cap Value ETFVBR79.15M0.12%68.3B USD0.05%$249.18+0.68%
Vanguard Extended Market ETFVXF62.39M0.06%93.7B USD0.05%$245.53+0.82%
iShares Russell 2000 Value ETFIWN54.02M0.37%14.66B USD0.24%$224.81+0.45%
iShares Core S&P Mid-Cap ETFIJH- Market value
- 193.25M
- Weight
- 0.15%
- AUM
- 125.92B USD
- Expense ratio
- 0.05%
- Price / 1D
- $76.77+0.52%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 172.57M
- Weight
- 0.01%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 146.53M
- Weight
- 0.18%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 124.66M
- Weight
- 0.07%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
iShares Select Dividend ETFDVY- Market value
- 106.38M
- Weight
- 0.45%
- AUM
- 23.86B USD
- Expense ratio
- 0.38%
- Price / 1D
- $164.09-0.16%
Vanguard Morningstar Small-Cap Value ETFVBR- Market value
- 79.15M
- Weight
- 0.12%
- AUM
- 68.3B USD
- Expense ratio
- 0.05%
- Price / 1D
- $249.18+0.68%
Vanguard Extended Market ETFVXF- Market value
- 62.39M
- Weight
- 0.06%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
iShares Russell 2000 Value ETFIWN- Market value
- 54.02M
- Weight
- 0.37%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
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