Black Hills Corporation

BKH • Regulated Gas

$73.21

▼ -0.09 (-0.12%)

Current price

EarningsLatest report: Jun 30, 2026

BALANCED PROFILENeutralConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Mixed profile. The company is not automatically unattractive, but valuation, growth, or balance-sheet evidence does not yet justify a stronger signal.

Market Cap

$5.57B

Growth

4.4%

Cash Flow

1/5

Trend

Volatile

Evidence

Stable or improving margins · 12.6%Reasonable earnings multiple · 17.38Healthy liquidity · 1.35Negative growth trend

Financial data as of: Jun 30, 2026, 12:00 AM UTCLast earnings update: Jun 30, 2026, 12:00 AM UTCLast profile update: Aug 7, 2026, 12:41 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$73.21

Change-0.12%

Shares Out76.10M

Market Cap$5.57B

Enterprise Value$9.99B

52W Range58.06 - 78.69

Beta0.70

P/E18.63

P/S2.42

P/B1.41

P/FCF31.04

EV/Sales4.35

Price$73.21

Change-0.12%

Shares Out76.10M

Market Cap$5.57B

Enterprise Value$9.99B

52W Range58.06 - 78.69

Beta0.70

P/E18.63

P/S2.42

P/B1.41

P/FCF31.04

EV/Sales4.35

EV/EBITDA12.97

EV/FCF55.68

Earnings Yield5.37%

FCF Yield3.22%

Dividend Yield2.81%

Gross Margin38.47%

Oper. Margin23.27%

Profit Margin12.62%

Debt/Eq1.23

Current Ratio1.35

Quick Ratio1.11

Revenue 5Y4.40%

Target$84.50

Target Upside15.42%

Target Median$84.50

Target Range78.00 - 91.00

Volume1.03M

Avg Volume924.24K

EPS Surprise-0.09

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

83/100

Financial Strength

Debt, cash, stability

57/100

Growth Potential

Revenue and expansion

27/100

Price Attractiveness

Cheap or expensive today

82/100

Why this score▼

Stable or improving margins · 12.6%Reasonable earnings multiple · 17.38Healthy liquidity · 1.35Negative growth trend

Analyst view

Analyst sentiment and price target

BKH

Analyst sentiment

Based on 15 analyst votes · 2026-09-05

77/100

Bullish

Hold

Bearish

Price Target

2026-08-07

Low

$78.00

Mean

$84.50

Median

$84.50

High

$91.00

Company Overview

IPO: 2/22/1973

Industry: Regulated Gas

P/B i: 1.41

Debt / Equity i: 1.23

Operating Margin: 23.27%

Net Margin: 12.62%

ROE i: -

ROIC: -

Financial Health

Score11 / 20

Debt / Equity: 1.23

Current Ratio: 1.35

Quick Ratio: 1.11

Status: Moderate

Insider Transactions

Recent executive and insider activity

Otto Robert P

Transaction: 05/27/2026

SELL

Change

-4,109

Price

$74.22

Filing

05/28/2026

Type

SELL

Beard Robert F.

Transaction: 05/01/2026

BUY

Change

+1,921

Price

Not reported

Filing

05/04/2026

Type

BUY

Granger Barry M

Transaction: 05/01/2026

BUY

Change

+1,921

Price

Not reported

Filing

05/04/2026

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
Otto Robert P	SELL	-4,109	$74.22	05/27/2026	05/28/2026
Beard Robert F.	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Granger Barry M	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Jensen Tony A	BUY	+1,921	Not reported	05/01/2026	05/04/2026
McAllister Kathleen S	BUY	+1,921	Not reported	05/01/2026	05/04/2026
MILLS STEVEN RICHARD	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Otto Robert P	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Prochazka Scott M	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Taylor Teresa	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Waleski Anne G	BUY	+1,921	Not reported	05/01/2026	05/04/2026
Evans Linden R	SELL	-3,731	Not reported	02/17/2026	02/18/2026
Evans Linden R	BUY	—	$72.45	12/01/2025	02/18/2026
Evans Linden R	SELL	—	$73.21	02/12/2026	02/13/2026
Nooney Kimberly F	SELL	—	$73.21	02/12/2026	02/13/2026
Jones Marne M	SELL	—	$73.21	02/12/2026	02/13/2026
Nooney Kimberly F	SELL	—	$71.48	02/09/2026	02/10/2026
Jones Marne M	SELL	—	$71.48	02/09/2026	02/10/2026
Evans Linden R	SELL	—	$71.48	02/09/2026	02/10/2026
Wiltse Sarah	SELL	—	$72.30	02/07/2026	02/10/2026
Nooney Kimberly F	SELL	—	$72.30	02/07/2026	02/10/2026

About the Company

Black Hills Corporation

Black 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.

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Peers

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Size reflects market cap · color matches the chart line

1Y peer performance

Top performers + selected company

Latest news

Black Hills: A 439 MW Utility With A Three GW Data Center Pipeline

Black Hills Corporation is rated Buy, supported by a robust 600 MW data center load from Microsoft and Meta already in the financial plan. BKH expects the initial 600 MW to drive over 10% of consolidated EPS growth from 2028, with minimal capital outlay required for this tranche. The remaining 2.5+ GW prospective pipeline, including a 1.8 GW hyperscale project, offers significant optionality but is not yet included in earnings estimates.

Seeking Alpha

Analyzing Unitil (NYSE:UTL) & Black Hills (NYSE:BKH)

Black Hills (NYSE: BKH - Get Free Report) and Unitil (NYSE: UTL - Get Free Report) are both utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, valuation, risk and analyst recommendations. Earnings and Valuation This table compares Black Hills and

Defense World

I'd Rather Bet on AI's Electric Bill Than Its Chips. Here's Why.

Nvidia is seen as the AI chip winner today, but many companies are gunning for it. Electricity will be needed to power whatever AI chips are used in this technological revolution.

The Motley Fool

1 High-Yield Dividend Stock Worth Loading Up On Right Now

Here's why Black Hills stands out in 2026.

Fool - Investing News

Deutsche Bank AG Invests $5.83 Million in Black Hills Corporation $BKH

Deutsche Bank AG bought a new stake in Black Hills Corporation (NYSE: BKH) in the quarter, according to its most recent disclosure with the SEC. The fund bought 78,413 shares of the utilities provider's stock, valued at approximately $5,834,000. Deutsche Bank AG owned approximately 0.10% of Black Hills at the end of

Defense World

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-06	1.88	1.79	-0.09
2026-02-04	1.37	1.41	0.04
2025-11-05	0.45	0.45	0
2025-07-30	0.38	0.38	0
2025-05-07	1.92	1.87	-0.05
2025-02-05	1.2	1.37	0.17
2024-11-06	0.48	0.35	-0.13
2024-07-31	0.29	0.33	0.04
2024-05-08	1.7	1.87	0.17
2024-02-07	1.08	1.17	0.09
2023-11-01	0.53	0.67	0.14
2023-08-02	0.38	0.35	-0.03