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Black Hills(NYSE) BKH

Market Cap$5.59BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1980)+22,357%
5 Year+24%
1 Year+27%
1 Month-0%
Premium Feature
Moneyball Superscore
65/100
$71.99
-1.77%
-1.30Today
Black Hills last closing stock price
MetricPriceDate
Last closeUSD 73.292026-08-20
Black Hills stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.07%USD 73.242026-08-13
1 month-0.42%USD 73.602026-07-21
3 month-0.4%USD 73.592026-05-22
Year to date+8.63%USD 67.472025-12-31
1 year+26.85%USD 57.782025-08-20
3 year+52.01%USD 48.212023-08-21
5 year+23.77%USD 59.212021-08-20
Since inception+22,356.76%USD 0.331980-07-09

Black Hills Financials at a Glance

Market Cap

$5.59BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.30B

Net Income (TTM)

$299.00M

EPS (TTM)

$3.97

P/E Ratio

18.47

Dividend

$2.79

Beta (Volatility)

0.41 (Low)

Price

$71.99

Volume

430,579.446

Open

$73.42

Previous Close

$73.29

Daily Range

$71.62 - $73.66

52-Week Range

$58.06 - $78.69

Estimated Earnings Date

Nov 4, 2026

BKH News

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Dividend Kings of 2026

Matt DiLalloAug 7, 2026
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3 Dividend-Paying AI Stocks for 2026

James BrumleyApr 13, 2026
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Black Hills Stock Up 22% This Past Year as One Fund Makes $37 Million Utility Bet

Jonathan PoncianoMar 2, 2026
24_12_05 A closeup of Warren Buffett _MF Dload SOURCE Motley Fol Buffett13 TMF

Collect Dividends Like Warren Buffett -- With a High-Yield Utility Stock He Won't Buy

Reuben Gregg BrewerApr 28, 2025
24_11_14 A pile of money with a sticky note that says passive income on it _MF Dload GettyImages-1346786874-1200x800-5b2df79

The Ultimate High-Yield Utility Stock to Buy With $1,000 Right Now

Reuben Gregg BrewerNov 17, 2024
23_11_06 A person looking at a stock trading phone app _MF Dload GettyImages-1436743497

Is the Stock Market Going to Crash? I Don't Know. That's Why I Own This High-Yield Stock.

Reuben Gregg BrewerAug 25, 2024
23_02_10 A compass with the arrow pointing to the word strategy _MF Dload

Forget NextEra Energy, Buy This Magnificent Dividend King Instead

Reuben Gregg BrewerApr 20, 2024
23_02_01 A hand drawing a scale showing price vs. value _MF Dload

2 Incredibly Cheap Dividend King Stocks to Buy Now

Reuben Gregg BrewerApr 17, 2024
Page 1

BKH: Motley Fool Moneyball Superscore

65

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About Black Hills

Black Hills Corporation delivers electricity and natural gas. It helps people heat homes and power businesses. It serves over 1 million customers in eight states.

Powering Homes and Businesses

  • Electric Utilities: Generates and delivers power through 8,892 miles of lines; revenue was $226.3 million in the three months ended June 30, 2026.
  • Gas Utilities: Supplies natural gas through 41,644 miles of pipelines; revenue was $230.5 million in the three months ended June 30, 2026.
  • Nonregulated Services: Offers appliance repair plans and electrical construction; serves residential homeowners and large industrial customers.

Strategic Moves and Expansions

  • Entered into a merger agreement with NorthWestern on Aug. 18, 2025.
  • Signed a generation agreement for a 1.8-gigawatt data center in Wyoming on April 22, 2026. A gigawatt is 1 billion watts.
  • Commenced construction on a 50-megawatt battery storage project in Colorado during the fourth quarter of 2025.
  • Applied for a $320 million cost recovery rider on Aug. 4, 2026. A rider is a price adjustment mechanism.
  • Entered into a 200-megawatt solar power purchase agreement (PPA) on Feb. 18, 2026. A PPA is an energy-buying contract.

A Century of Energy Service

The company maintains a 142-year history of service dating back to the 1883 gold rush. It operates as a regulated utility, which means government commissions approve the prices it charges customers.

The Latest Financial Results

  • Net income reached $38.2 million in the second quarter of 2026. This rose $10.7 million year over year.
  • Electric Utilities operating income was $61.1 million in the second quarter of 2026. This rose $12.1 million year over year.
  • Total debt reached $4.8 billion as of June 30, 2026. This was up from $4.7 billion on Dec. 31, 2025.
  • Market capitalization reached $5.6 billion in the second quarter of 2026. This was up 39% year over year.
  • The price-to-earnings (P/E) ratio reached 37.2 in the second quarter of 2026. This was up 0.8% year over year.

Bottom Line

Black Hills has evolved from its mining-era roots into a multistate utility provider. Its focus on infrastructure expansion and new industrial contracts supports its role as a regional energy partner.

AI Generated • Aug 7, 2026

Industry

Multi-Utilities

Sector

Utilities

Employees

2,795

CEO

Linden R. Evans

Website

www.ir.blackhillscorp.com

Headquarters

Rapid City, SD 57702, US

BKH Financials

Key Financial Metrics (TTM)

Gross Margin

42.92%

Operating Margin

23.79%

Net Income Margin

13.00%

Return on Equity

7.73%

Return on Capital

6.31%

Return on Assets

2.71%

Earnings Yield

5.41%

Dividend Yield

3.80%

Payout Ratio

69.20%

Stock Overview

Market Cap

$5.59BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

76.25M

Volume

430.58K

Avg. Volume

910.15K

Financials (TTM)

Gross Profit

$986.80M

Operating Income

$547.00M

EBITDA

$773.80M

Operating Cash Flow

$628.30M

Capital Expenditure

-$933.50M

Free Cash Flow

-$305.20M

Cash & ST Invst.

$71.50M

Total Debt

$4.49B

Black Hills Performance Analysis

Black Hills annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,551,816,00030.9%
20232023-12-31USD 2,331,300,000-8.6%
20242024-12-31USD 2,127,700,000-8.7%
20252025-12-31USD 2,310,000,0008.6%
Black Hills sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-2.0%
Q42025-12-3147.7%
Q12026-03-3122.8%
Q22026-06-30-42.0%
Black Hills annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 3.976.3%
20232023-12-31USD 3.91-1.7%
20242024-12-31USD 3.91-0.0%
20252025-12-31USD 3.982.0%
Black Hills sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-10.5%
Q42025-12-31308.8%
Q12026-03-3124.5%
Q22026-06-30-71.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$452.80M

+3.1%

Gross Profit

$339.30M

+102.7%

Gross Margin

74.93%

N/A

Market Cap

$5.59BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.00M

N/A

Employees

2,795

N/A

Net Income

$38.20M

+38.9%

EBITDA

$97.20M

-36.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$71.50M

+782.7%

Total Debt

$4.49B

+2.7%

Accounts Receivable

$306.40M

+8.8%

Inventory

$157.90M

+8.7%

Long Term Debt

$3.99B

+1.0%

Short Term Debt

$500.00M

+18.0%

Return on Assets

2.71%

N/A

Return on Invested Capital

5.69%

N/A

Free Cash Flow

-$23.00M

+24.1%

Operating Cash Flow

$195.10M

+3.4%

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Questions About BKH

What is the current price of Black Hills?

Black Hills is trading at $72.03 per share.

What is the 52-week range for Black Hills?

Over the past 52 weeks, Black Hills has traded between $58.06 and $78.69.

How much debt does Black Hills have?

As of the most recent reporting period, Black Hills reported total debt of $4.78B.

How much cash does Black Hills have on hand?

Black Hills reported $79.50M in cash and cash equivalents in its most recent financial results.

What is Black Hills’s dividend yield?

Black Hills currently has a dividend yield of 3.80%.

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