BKH

Black Hills Corporation

BKH.US ir.blackhillscorp.com + Research + Basket
CIK 0001130464
Employees 2,795
Phone 605 721 1700
Fiscal year end December
IPO Sep 07, 1984
Address 7001 Mount Rushmore Road, Rapid City, SD, United States, 57702
80.41
-1.35 (-1.65%)
USD · NYSE
52-week range
59.93
81.96
Trading at 93% of the 52-week range
Market Cap
6.23B
P/E Ratio
20.59
Forward P/E
16.84
Book Value
51.71
Div. Yield
3.44%
% Institutions
104.36%
% Insiders
0.482%

1 Year

+28.8%

3 Year

+93.8%

10 Year

+89.3%
Description

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

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People

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Directors & Officers

Name Title Year Born
Mr. Linden R. Evans J.D. President, CEO & Director 1963
Ms. Kimberly F. Nooney Senior VP & CFO 1972
Mr. Don L. Redden Senior VP and Chief Information & Transformation Officer 1972
Ms. Sarah A. Wiltse Senior VP & Chief Human Resources Officer 1979
Ms. Marne M. Jones Senior VP & Chief Utility Officer 1974
Mr. Salvador Diaz Director of Investor Relations NA
Mr. Darren Nakata Senior VP, Chief Legal Officer, Chief Compliance Officer & Corporate Secretary 1974
Mr. Courtney Hebert VP, Corporate Controller & Chief Risk Officer NA
Mr. Tom Stevens VP & Treasurer NA

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Nov 10, 2025 Kimberly F Nooney N/A Sale 14.50K $70.70 $1.03M SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 12.48M Jun 30, 2026 16.37% $0.01 2.91%
Vanguard Portfolio Management, LLC 5.14M Jun 30, 2026 6.74% $0.02 2.01%
State Street Corp 3.82M Jun 30, 2026 5.01% $0.01 5.50%
Vanguard Capital Management, LLC 3.43M Jun 30, 2026 4.50% $0.01 1.75%
Delaware Management Holdings Inc 2.50M Jun 30, 2026 3.27% $0.28 -6.80%
AQR Capital Management LLC 2.23M Jun 30, 2026 2.93% $0.06 39.89%
Point72 Asset Management, L.P. 2.16M Jun 30, 2026 2.83% $0.18 11.22%
Geode Capital Management, LLC 2.13M Jun 30, 2026 2.80% $0.01 6.85%
Franklin Templeton Inc 1.96M Jun 30, 2026 2.57% $0.03 24.54%
Capital Research Global Investors 1.83M Jun 30, 2026 2.39% $0.02 -19.77%
Two Sigma Investments LLC 1.66M Jun 30, 2026 2.18% $0.09 -24.95%
Cohen & Steers Inc 1.61M Jun 30, 2026 2.11% $0.19 26.79%
Covalis Capital LLP 1.48M Jun 30, 2026 1.94% $6.22 -15.49%
Engineers Gate Manager LP 1.44M Jun 30, 2026 1.89% $1.39 35.68%
The Goldman Sachs Group Inc 1.43M Jun 30, 2026 1.88% $0.01 -9.68%
Citadel Advisors Llc 1.26M Jun 30, 2026 1.65% $0.01 39.50%
Charles Schwab Investment Management Inc 1.21M Jun 30, 2026 1.59% $0.01 -0.21%
Adage Capital Partners Gp LLC 1.19M Jun 30, 2026 1.55% $0.12 -42.75%
Dimensional Fund Advisors, Inc. 1.17M Jun 30, 2026 1.54% $0.02 2.62%
Amvescap Plc. 1.17M Jun 30, 2026 1.53% $0.01 10.34%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Mid-Cap ETF 2.72M 3.56% ▼ 0.04% Sep 30, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 2.43M 3.18% ▲ 0.29% Sep 30, 2026
3 iShares Russell 2000 ETF 2.03M 2.66% ▼ 1.14% Sep 30, 2026
4 American Funds SMALLCAP World A 1.78M 2.33% ▲ 0.00% Sep 30, 2026
5 Vanguard Small Cap Index 1.72M 2.25% ▼ 2.16% Sep 30, 2026
6 iShares Select Dividend ETF 1.47M 1.92% ▼ 0.03% Sep 30, 2026
7 Vanguard MStar Small Cap Value Index 1.12M 1.46% ▲ 0.41% Sep 30, 2026
8 Franklin Small Cap Value A 851.71K 1.12% ▲ 52.11% Sep 30, 2026
9 Fidelity Small Cap Index 850.99K 1.12% ▲ 0.84% Jul 31, 2026
10 Pictet Glbl Sel Fd Glbl Utilities Eq P 759.33K 1.00% ▲ 14.92% May 31, 2026

Financial Highlights

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Market Cap: $6.23B
EBITDA: $839.20M
P/E Ratio: $20.59
PEG Ratio: $1.83
Book Value: $51.71
Dividend/Share: $2.76
Dividend Yield: 3.44%
Earnings/Share: $3.97
Profit Margin: 13.01%
Operating Margin: 21.42%
ROA (TTM): 3.22%
ROE (TTM): 7.96%
Revenue (TTM): $2.30B
Revenue/Share (TTM): $30.72
Earnings Growth (YOY): 31.60%
Revenue Growth (YOY): 3.10%

Valuation Metrics

Enterprise Value: $10.54B
Trailing P/E: 20.59
Forward P/E: 16.84

Shares Statistics

Shares Outstanding: 76.25M
Shares Float: 75.88M
% Insiders: 0.482%
% Institutions: 104.36%
Short % Float: 19.46%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$2.31B
Cost of Goods Sold
adjust
$-1.42B
Gross Profit
subtotal
$888.70M
SG&A
adjust
$-11.80M
Other Operating Expense
adjust
$-339.40M
Operating Income
subtotal
$537.50M
Other / Non-Operating Items
adjust
$-245.90M
Net Income
subtotal
$291.60M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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