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Black Hills Corporation (BKH)

NYSE: BKH · USD

$80.7

-1.03 (-1.3%)· Recorded snapshot

Market cap	6.2B
Revenue (ttm)	2.3B
Net income (ttm)	299.1M
EPS (ttm)	$3.98
Shares out	76.3M
P/E (trailing)	20.3x
P/E (forward)	18.0x
Dividend	$2.81 (3.48%)
Volume	827,012
Beta	0.66

Market data

Price

Recent price action with selectable time range.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	Trzymaj
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Trzymaj
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Sprzedaj

Metric	Value
Amount currency	USD
CIK code	0001130464
Company name	Black Hills Corporation
Country	United States
Country code	US
CUSIP number	092113109
Earnings date	2026-11-04
Earnings time	amc
Employees	2,795
Employees change	-46
Employees growth	-1.62%
Enterprise value	$10.6B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1941
In index	RUSSELL2000
Industry	Utilities - Regulated Gas
Is primary listing	Yes
Is SPAC	No
ISIN number	US0921131092
Last 10-K release date	2026-02-11
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split date	1998-03-11
Last stock split type	Forward
Market cap	$6.2B
Market cap category	Mid-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$80.72
Price currency	USD
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	BKH
U.S. state	South Dakota
Website	https://ir.blackhillscorp.com

Metric

Value

Amount currency

USD

CIK code

0001130464

Company name

Black Hills Corporation

Country

United States

Country code

CUSIP number

092113109

Earnings date

2026-11-04

Earnings time

amc

Employees

2,795

Employees change

-46

Employees growth

-1.62%

Enterprise value

$10.6B

Exchange

NYSE

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

December

Founded

1941

In index

RUSSELL2000

Industry

Utilities - Regulated Gas

Is primary listing

Yes

Is SPAC

ISIN number

US0921131092

Last 10-K release date

2026-02-11

Last earnings date

2026-08-05

Last refreshed

2026-10-28

Last stock split date

1998-03-11

Last stock split type

Forward

Market cap

$6.2B

Market cap category

Mid-Cap

Next earnings date

2026-11-04

Options

Yes

Price

$80.72

Price currency

USD

Sector

Utilities

SIC code

4911

Stock price date

2026-10-28

Symbol

BKH

U.S. state

South Dakota

Website

https://ir.blackhillscorp.com

Metric	Value
Adjusted P/E ratio	19.26x
Average P/E ratio (10Y)	20.1x
Average P/E ratio (3Y)	15.62x
Average P/E ratio (5Y)	16.38x
Earnings yield	4.93%
EV/Earnings	35.43x
EV/EBIT	19.47x
EV/EBITDA	12.63x
EV/Sales	4.61x
FCF / EV yield	-2.88%
FCF yield	-4.94%
Forward EV/Sales	3.09x
Forward P/E	18.01x
Forward P/S	1.8x
Graham number	68.07207
Graham upside	-15.92%
Industry forward P/E	17.92x
Industry P/E	19.53x
Lynch fair value	$19.91
Lynch upside	-75.41%
P/(OCF - SBC) ratio	10.03x
P/B ratio	1.58x
P/E ratio	20.27x
P/OCF ratio	9.83x
P/S ratio	2.69x
PEG ratio	2.36x
Price / tangible book value	2.34x
Price/EBITDA ratio	7.36x
Sector forward P/E	17.04x
Sector P/E	19.79x

Metric

Value

Adjusted P/E ratio

19.26x

Average P/E ratio (10Y)

20.1x

Average P/E ratio (3Y)

15.62x

Average P/E ratio (5Y)

16.38x

Earnings yield

4.93%

EV/Earnings

35.43x

EV/EBIT

19.47x

EV/EBITDA

12.63x

EV/Sales

4.61x

FCF / EV yield

-2.88%

FCF yield

-4.94%

Forward EV/Sales

3.09x

Forward P/E

18.01x

Forward P/S

1.8x

Graham number

68.07207

Graham upside

-15.92%

Industry forward P/E

17.92x

Industry P/E

19.53x

Lynch fair value

$19.91

Lynch upside

-75.41%

P/(OCF - SBC) ratio

10.03x

P/B ratio

1.58x

P/E ratio

20.27x

P/OCF ratio

9.83x

P/S ratio

2.69x

PEG ratio

2.36x

Price / tangible book value

2.34x

Price/EBITDA ratio

7.36x

Sector forward P/E

17.04x

Sector P/E

19.79x

Metric	Value
EBIT margin	23.67%
EBITDA margin	36.5%
Effective tax rate	12.5%
Gross margin	39.72%
Operating margin	23.67%
Pretax margin	15.31%
Profit margin	13.01%
Profit per employee	$107,013
Profitable quarters	42
Profitable years	10
Revenue per employee	$822,648
ROA	3.22%
ROA (5Y)	3.08%
ROCE	5.66%
ROE	7.96%
ROE (5Y)	8.6%
ROIC	4.1%
SBC / revenue	0.54%
Tax / revenue	1.91%

Metric

Value

EBIT margin

23.67%

EBITDA margin

36.5%

Effective tax rate

12.5%

Gross margin

39.72%

Operating margin

23.67%

Pretax margin

15.31%

Profit margin

13.01%

Profit per employee

$107,013

Profitable quarters

Profitable years

Revenue per employee

$822,648

ROA

3.22%

ROA (5Y)

3.08%

ROCE

5.66%

ROE

7.96%

ROE (5Y)

8.6%

ROIC

4.1%

SBC / revenue

0.54%

Tax / revenue

1.91%

Metric	Value
EPS growth	0.28%
EPS growth (Q)	31.64%
EPS growth (QoQ)	-71.1%
EPS growth 10Y	27.89%
EPS growth 3Y	2.43%
EPS growth 5Y	1.22%
EPS growth quarters	1
EPS growth years	1
Net income growth	5.24%
Net income growth (Q)	38.91%
Net income growth (QoQ)	-70.84%
Net income growth 3Y	6.94%
Net income growth 5Y	4.95%
Net income growth quarters	1
Net income growth years	6
OCF growth	-6.46%
OCF growth (Q)	3.45%
OCF growth (QoQ)	10.73%
OCF growth 10Y	5.92%
OCF growth 3Y	-5.64%
Revenue growth	2.52%
Revenue growth (Q)	3.14%
Revenue growth (QoQ)	-42%
Revenue growth 10Y	5.35%
Revenue growth 3Y	-3.85%
Revenue growth 5Y	4.57%
Revenue growth quarters	1
Revenue growth years	1

Metric

Value

EPS growth

0.28%

EPS growth (Q)

31.64%

EPS growth (QoQ)

-71.1%

EPS growth 10Y

27.89%

EPS growth 3Y

2.43%

EPS growth 5Y

1.22%

EPS growth quarters

EPS growth years

Net income growth

5.24%

Net income growth (Q)

38.91%

Net income growth (QoQ)

-70.84%

Net income growth 3Y

6.94%

Net income growth 5Y

4.95%

Net income growth quarters

Net income growth years

OCF growth

-6.46%

OCF growth (Q)

3.45%

OCF growth (QoQ)

10.73%

OCF growth 10Y

5.92%

OCF growth 3Y

-5.64%

Revenue growth

2.52%

Revenue growth (Q)

3.14%

Revenue growth (QoQ)

-42%

Revenue growth 10Y

5.35%

Revenue growth 3Y

-3.85%

Revenue growth 5Y

4.57%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	$-933.5M
Depreciation and amortization	$294.9M
EBIT	$544.3M
EBITDA	$839.2M
EPS	$3.98
FCF per share	$-4.00
Financing cash flow	$379.5M
Free cash flow	$-305.2M
Free cash flow minus SBC	$-317.7M
Gross profit	$913.2M
Income taxes	$44M
Investing cash flow	$-944.1M
Net borrowing	$116.3M
Net cash flow	$63.7M
Net income	$299.1M
Operating cash flow minus SBC	$615.8M
Operating income	$544.3M
Revenue	$2.3B
Stock-based compensation	$12.5M

Metric

Value

Capital expenditures

$-933.5M

Depreciation and amortization

$294.9M

EBIT

$544.3M

EBITDA

$839.2M

EPS

$3.98

FCF per share

$-4.00

Financing cash flow

$379.5M

Free cash flow

$-305.2M

Free cash flow minus SBC

$-317.7M

Gross profit

$913.2M

Income taxes

$44M

Investing cash flow

$-944.1M

Net borrowing

$116.3M

Net cash flow

$63.7M

Net income

$299.1M

Operating cash flow minus SBC

$615.8M

Operating income

$544.3M

Revenue

$2.3B

Stock-based compensation

$12.5M

Metric	Value
Book value per share	$51.71
Debt / EBITDA	5.35
Debt / equity	1.12
Goodwill	$1.3B
Interest coverage	2.74
Long-term assets	$10.3B
Long-term liabilities	$5.6B
Net cash (debt)	$-4.4B
Net cash / market cap	-71.63%
Net debt / EBITDA	5.27
Net debt / equity	1.1
Piotroski F-Score	4
Property, plant and equipment	$8.6B
Shareholders' equity	$4B
Tangible book value	$2.6B
Tangible book value per share	$34.60
Total assets	$11B
Total cash	$71.5M
Total debt	$4.5B
Total liabilities	$7B
WACC	6.19%

Metric

Value

Book value per share

$51.71

Debt / EBITDA

5.35

Debt / equity

1.12

Goodwill

$1.3B

Interest coverage

2.74

Long-term assets

$10.3B

Long-term liabilities

$5.6B

Net cash (debt)

$-4.4B

Net cash / market cap

-71.63%

Net debt / EBITDA

5.27

Net debt / equity

1.1

Piotroski F-Score

Property, plant and equipment

$8.6B

Shareholders' equity

$4B

Tangible book value

$2.6B

Tangible book value per share

$34.60

Total assets

$11B

Total cash

$71.5M

Total debt

$4.5B

Total liabilities

$7B

WACC

6.19%

Metric	Value
Asset turnover	0.22
Current assets	$745.1M
Current liabilities	$1.4B
Current ratio	0.52
Inventory turnover	9.15
Net working capital	$-251.6M
Quick ratio	0.27
Working capital	$-680.1M
Working capital turnover	-4.48

Metric

Value

Asset turnover

0.22

Current assets

$745.1M

Current liabilities

$1.4B

Current ratio

0.52

Inventory turnover

9.15

Net working capital

$-251.6M

Quick ratio

0.27

Working capital

$-680.1M

Working capital turnover

-4.48

Metric	Value
Buyback yield / dilution	-4.89%
Dividend growth	4%
Dividend growth (10Y)	5.28%
Dividend growth (3Y)	3.66%
Dividend growth (5Y)	4.27%
Dividend growth years	55
Dividend payment date	2026-09-01
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$2.81
Dividend yield	3.48%
Ex-dividend date	2026-08-17
Last dividend	$0.70
Payout ratio	70.61%
Shareholder yield	-1.42%

Metric

Value

Buyback yield / dilution

-4.89%

Dividend growth

Dividend growth (10Y)

5.28%

Dividend growth (3Y)

3.66%

Dividend growth (5Y)

4.27%

Dividend growth years

Dividend payment date

2026-09-01

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

$2.81

Dividend yield

3.48%

Ex-dividend date

2026-08-17

Last dividend

$0.70

Payout ratio

70.61%

Shareholder yield

-1.42%

Metric	Value
10Y price change	33.6%
10Y return CAGR	6.71%
10Y total return	91.39%
150-day SMA	$73.55
15Y price change	136.02%
15Y return CAGR	9.72%
15Y total return	302.06%
1D price change	-1.26%
1M price change	14.56%
1M total return	14.56%
1W price change	2.76%
1W total return	2.76%
1Y price change	22.45%
1Y return CAGR	27.25%
1Y total return	27.23%
20-day SMA	$76.36
200-day SMA	$73.27
20Y price change	134.99%
20Y return CAGR	8.44%
20Y total return	405.21%
3M price change	8.12%
3M total return	9.15%
3Y price change	67.12%
3Y return CAGR	23.93%
3Y total return	90.37%
50-day SMA	$73.63
50-day SMA vs 200-day SMA	50over200
52-week high	$81.96
52-week high date	2026-10-27
52-week low	$62.27
52-week low date	2025-11-03
5Y price change	22.06%
5Y return CAGR	8.4%
5Y total return	49.63%
6M price change	7.31%
6M total return	9.37%
All-time high	$87.12
All-time high date	2020-02-07
All-time low	$2.28
All-time low date	1981-11-09
Average true range (ATR)	$1.71
Average volume	1.4M
Beta (1Y)	0.39
Beta (2Y)	0.33
Beta (5Y)	0.66
Change from 52-week high	-1.51%
Change from 52-week low	29.64%
Change from all-time high	-7.35%
Change from all-time low	3,443.46%
Change from open	-1.2%
Day's gap	-0.06%
Dollar volume	$66.8M
High price	$81.70
Low price	$80.23
Monthly RSI	65.23
Open price	$81.70
Position in 52-week range	33.33%
Premarket change	-0.67%
Premarket close	$81.75
Premarket price	$81.20
Previous close	$81.75
Price vs 150-day SMA	9.75%
Price vs 20-day SMA	5.72%
Price vs 200-day SMA	10.16%
Price vs 50-day SMA	9.62%
Relative volume	0.61
RSI	70.86
Sharpe ratio	0.96
Sharpe ratio (3Y)	0.92
Sharpe ratio (5Y)	0.31
Sortino ratio	1.78
Sortino ratio (3Y)	1.69
Sortino ratio (5Y)	0.69
Volume	827K
Weekly RSI	66.31
YTD price change	16.28%
YTD total return	19.64%

Metric

Value

10Y price change

33.6%

10Y return CAGR

6.71%

10Y total return

91.39%

150-day SMA

$73.55

15Y price change

136.02%

15Y return CAGR

9.72%

15Y total return

302.06%

1D price change

-1.26%

1M price change

14.56%

1M total return

14.56%

1W price change

2.76%

1W total return

2.76%

1Y price change

22.45%

1Y return CAGR

27.25%

1Y total return

27.23%

20-day SMA

$76.36

200-day SMA

$73.27

20Y price change

134.99%

20Y return CAGR

8.44%

20Y total return

405.21%

3M price change

8.12%

3M total return

9.15%

3Y price change

67.12%

3Y return CAGR

23.93%

3Y total return

90.37%

50-day SMA

$73.63

50-day SMA vs 200-day SMA

50over200

52-week high

$81.96

52-week high date

2026-10-27

52-week low

$62.27

52-week low date

2025-11-03

5Y price change

22.06%

5Y return CAGR

8.4%

5Y total return

49.63%

6M price change

7.31%

6M total return

9.37%

All-time high

$87.12

All-time high date

2020-02-07

All-time low

$2.28

All-time low date

1981-11-09

Average true range (ATR)

$1.71

Average volume

1.4M

Beta (1Y)

0.39

Beta (2Y)

0.33

Beta (5Y)

0.66

Change from 52-week high

-1.51%

Change from 52-week low

29.64%

Change from all-time high

-7.35%

Change from all-time low

3,443.46%

Change from open

-1.2%

Day's gap

-0.06%

Dollar volume

$66.8M

High price

$81.70

Low price

$80.23

Monthly RSI

65.23

Open price

$81.70

Position in 52-week range

33.33%

Premarket change

-0.67%

Premarket close

$81.75

Premarket price

$81.20

Previous close

$81.75

Price vs 150-day SMA

9.75%

Price vs 20-day SMA

5.72%

Price vs 200-day SMA

10.16%

Price vs 50-day SMA

9.62%

Relative volume

0.61

RSI

70.86

Sharpe ratio

0.96

Sharpe ratio (3Y)

0.92

Sharpe ratio (5Y)

0.31

Sortino ratio

1.78

Sortino ratio (3Y)

1.69

Sortino ratio (5Y)

0.69

Volume

827K

Weekly RSI

66.31

YTD price change

16.28%

YTD total return

19.64%

Metric	Value
Float	75.9M
Float percentage	99.51%
Shares change (QoQ)	0.66%
Shares change (YoY)	4.89%
Shares held by insiders	0.44%
Shares held by institutions	104.14%
Shares outstanding	76.3M
Short % of float	14.69%
Short % of shares	14.62%
Short ratio	10.8 days

Metric

Value

Float

75.9M

Float percentage

99.51%

Shares change (QoQ)

0.66%

Shares change (YoY)

4.89%

Shares held by insiders

0.44%

Shares held by institutions

104.14%

Shares outstanding

76.3M

Short % of float

14.69%

Short % of shares

14.62%

Short ratio

10.8 days

Black Hills Corporation (BKH)

Price

Financial snapshot

Fair-value bridge

Latest news · BKH

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BKH indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BKH

Frequently asked questions