Black Hills Corporation
BKH
NYSE·Utilities·Regulated Gas·Mkt cap $5.6B
$73.21
▼ -0.12%
P/E
18.44
Mkt Cap
$5.6B
52-Wk Range
$58.06–$78.69
52-Week Range
$58.06 - $78.69
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 25.2% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Regulated utility business model with stable, predictable cash flows and rate-base growth
- Diversified geographic footprint across eight states reduces regulatory and weather-related risks
- Integrated electric and gas operations create operational synergies and cross-selling opportunities
- Owned generation assets and coal mine provide supply chain control and cost advantages
- Extensive pipeline and transmission infrastructure creates high barriers to entry
Bear Case
1 risk
- Low volatility (beta 0.7).
Growth
Stable outlook
Population and economic growth in Mountain West and Great Plains service territories
Value
Fairly valued vs Multi-Utilities peers
Momentum
Stable
+1.4% over 3m
Quality
Strong
Strong fundamentals
Dividend
Solid
3.80% yield
Smart-money signal
Who's buying BKH right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 4, 2026
AUG 5, 2026
Reported EPS of $0.54 vs $0.41 consensus (+33.0% surprise). Revenue of $452.8M vs $490.9M expected (-7.8%).
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+33.0%
Revenue trend · last 8Q
—
+1%
+11%
+9%
+7%
+6%
-3%
+3%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$401.6M
$597.1M
$805.2M
$439.0M
$430.2M
$635.5M
$780.7M
$452.8M
Margins · last 8Q
Gross
-48.1%
Operating
21.9%
Profit
-29.9%
Wall Street consensus
2 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Bank of America · Jun 11, 2026
vs Industry
How BKH stacks vs Regulated Gas
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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