Black Hills Corporation

Black Hills Corporation

BKH · NYSE · Utilities / Utilities - Regulated Gas

86.70USD-0.83 (-0.95%)

Price History

Full chart

Market Stats

Previous Close87.53
Open87.83
Day Range86.50 – 88.03
52-Week Range57.10 – 77.21
Volume1.46M
Market Cap5.37B
P/E (TTM)17.75
Forward P/E15.04
EPS3.97
Dividend Yield4.02%
Beta0.69
50-Day Avg72.84
200-Day Avg72.66

About

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.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Gas
  • CEOMr. Linden R. Evans J.D.
  • Employees2.79K
  • Headquarters7001 Mount Rushmore Road, Rapid City, SD, United States, 57702, USA
  • Websitehttps://ir.blackhillscorp.com

Leadership

  • Mr. Linden R. Evans J.D.President, CEO & Director · b. 1963
  • Ms. Kimberly F. NooneySenior VP & CFO · b. 1972
  • Mr. Don L. ReddenSenior VP and Chief Information & Transformation Officer · b. 1972
  • Ms. Sarah A. WiltseSenior VP & Chief Human Resources Officer · b. 1979
  • Ms. Marne M. JonesSenior VP & Chief Utility Officer · b. 1974
  • Mr. Salvador DiazDirector of Investor Relations
  • Mr. Darren NakataSenior VP, Chief Legal Officer, Chief Compliance Officer & Corporate Secretary · b. 1974
  • Mr. Courtney HebertVP, Corporate Controller & Chief Risk Officer
  • Mr. Tom StevensVP & Treasurer

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue111.90M122.40M283.90M120.00M127.50M133.40M135.30M139.40M145.50M149.90M162.60M313.70M679.30M791.90M1.62B737.83M908.48M1.25B445.54M613.54M542.59M574.84M1.01B1.27B1.22B1.27B1.17B1.28B1.39B1.26B1.54B1.68B1.75B1.73B1.70B1.95B2.55B2.33B2.13B2.31B
Growth (%)-+9.38%+131.94%-57.73%+6.25%+4.63%+1.42%+3.03%+4.38%+3.02%+8.47%+92.93%+116.54%+16.58%+105.06%-54.56%+23.13%+37.60%-64.36%+37.71%-11.56%+5.94%+74.97%+26.23%-3.93%+4.30%-7.73%+8.69%+9.23%-9.49%+22.01%+9.19%+4.40%-1.10%-2.19%+14.86%+30.92%-8.64%-8.73%+8.57%
Cost of Revenue--------42.00M39.30M34.20M177.10M531.50M637.30M1.37B382.91M580.97M718.45M82.92M189.75M191.65M161.01M449.74M652.73M566.97M915.94M735.26M837.83M940.88M780.70M925.74M1.02B1.11B1.07B987.81M1.24B1.78B1.53B1.29B1.42B
Gross Profit111.90M122.40M283.90M120.00M127.50M133.40M135.30M139.40M103.50M110.60M128.40M136.60M147.80M154.60M252.00M354.92M327.50M531.60M362.62M423.79M350.93M413.83M556.05M616.85M652.72M356.25M438.62M438.02M452.69M480.63M613.18M662.37M646.95M668.08M709.13M705.50M772.80M796.40M840.40M888.70M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%71.13%73.78%78.97%43.54%21.76%19.52%15.52%48.10%36.05%42.53%81.39%69.07%64.68%71.99%55.28%48.59%53.52%28.00%37.36%34.33%32.48%38.10%39.84%39.42%36.88%38.51%41.79%36.20%30.28%34.16%39.50%38.47%
Operating Expense0000000064.70M68.40M74.10M77.60M98.40M92.80M137.25M213.88M214.79M400.43M233.95M341.94M248.80M288.12M500.17M490.02M469.30M170.01M162.18M178.58M188.82M180.21M277.00M245.64M249.91M262.04M280.83M296.10M317.60M323.70M337.30M351.20M
Operating Income111.90M122.40M283.90M120.00M127.50M133.40M135.30M139.40M38.80M42.20M54.30M59.00M49.40M61.80M114.75M141.03M112.72M131.17M128.67M81.85M102.14M125.72M55.88M126.83M183.42M186.24M276.44M259.44M263.87M300.42M336.18M416.74M397.04M406.04M428.30M409.40M455.20M472.70M503.10M537.50M
Operating Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%26.67%28.15%33.39%18.81%7.27%7.80%7.07%19.11%12.41%10.49%28.88%13.34%18.82%21.87%5.56%9.99%15.04%14.64%23.55%20.34%18.93%23.82%21.85%24.80%22.63%23.40%25.24%21.00%17.84%20.28%23.65%23.27%
EBITDA111.90M122.40M283.90M120.00M127.50M133.40M135.30M139.40M56.50M61.90M77.10M81.30M73.40M86.90M147.61M195.09M176.58M211.96M216.50M169.97M196.22M225.41M75.59M316.71M311.65M284.44M429.16M430.55M413.22M431.39M517.54M608.11M593.83M591.31M645.07M648.50M709.50M738.40M785.30M827.40M
EBITDA Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%38.83%41.29%47.42%25.92%10.81%10.97%9.09%26.44%19.44%16.96%48.59%27.70%36.16%39.21%7.52%24.95%25.55%22.36%36.56%33.75%29.65%34.20%33.63%36.19%33.85%34.08%38.01%33.27%27.80%31.67%36.91%35.82%
Net Income15.80M20.40M21.90M21.10M22.90M22.70M23.60M22.90M23.80M25.60M30.30M32.40M25.80M37.10M52.85M88.08M61.45M61.22M57.97M33.42M81.02M98.77M105.08M81.56M68.69M49.73M102.44M117.42M130.89M-32.11M72.97M177.03M258.44M199.31M227.61M236.70M258.40M262.20M273.10M291.60M
Net Income Margin14.12%16.67%7.71%17.58%17.96%17.02%17.44%16.43%16.36%17.08%18.63%10.33%3.80%4.68%3.25%11.94%6.76%4.90%13.01%5.45%14.93%17.18%10.45%6.42%5.63%3.91%8.73%9.20%9.39%-2.55%4.74%10.54%14.73%11.49%13.41%12.14%10.13%11.25%12.84%12.62%
R&D------------------------000000000-------
R&D as % of Total Revenue------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000000000000000000000054.12M84.69M101.30M91.38M113.61M111.79M70.96M84.65M136.11M138.12M141.62M139.29M144.93M154.10M162.60M180.00M195.20M206.90M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%5.38%6.67%8.30%7.18%9.68%8.76%5.09%6.71%8.84%8.22%8.07%8.03%8.54%7.91%6.37%7.72%9.17%8.96%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--------436.90M448.80M467.40M508.70M559.40M674.80M1.32B1.66B2.04B2.06B2.06B2.12B2.24B2.47B3.38B3.32B3.71B4.13B3.73B3.88B4.28B4.66B6.52B6.66B6.96B7.56B8.09B9.13B9.62B9.62B10.02B10.87B
Total Liabilities--------261.50M266.50M274.20M303.30M352.70M458.20M1.00B1.12B1.49B1.35B1.32B1.38B1.45B1.50B2.33B2.23B2.61B2.92B2.50B2.57B2.90B3.19B4.79B4.84B4.68B5.09B5.43B6.24B6.53B6.31B6.44B6.96B
Total Equity--------175.40M182.30M193.20M205.40M206.70M216.60M282.35M515.16M535.16M709.75M735.76M738.88M790.04M969.86M1.05B1.08B1.10B1.21B1.23B1.31B1.38B1.47B1.61B1.71B2.18B2.36B2.56B2.79B2.99B3.22B3.50B3.82B
Cash--------12.20M8.20M13.30M16.80M14.80M16.50M24.91M29.67M79.81M172.77M64.51M34.20M36.94M86.40M168.49M112.90M32.44M21.63M15.46M7.84M21.22M456.54M13.58M15.42M20.78M9.78M6.36M8.92M21.40M86.60M16.10M182.80M
Total Debt--------168.00M168.10M166.40M164.80M168.40M259.60M532.73M812.94M642.31M886.12M773.75M736.96M790.95M744.55M1.21B1.22B1.44B1.63B1.32B1.48B1.62B1.94B3.31B3.33B3.14B3.50B3.77B4.55B4.67B4.40B4.38B4.70B
Net Debt--------155.80M159.90M153.10M148.00M153.60M243.10M507.82M783.28M562.50M713.35M709.24M702.77M754.01M658.15M1.04B1.10B1.41B1.61B1.30B1.47B1.60B1.49B3.30B3.31B3.12B3.49B3.76B4.54B4.65B4.31B4.37B4.52B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow48.90M45.30M55.40M56.00M54.70M75.70M74.47M177.40M218.77M170.57M136.68M174.85M259.69M252.08M145.64M270.50M147.75M223.70M316.97M324.63M323.46M428.00M320.46M428.26M488.81M505.51M541.86M-64.56M584.80M944.40M719.30M673.40M
Investing Cash Flow-95.60M-30.60M-29.10M-30.80M-35.90M-138.00M-167.03M-591.73M-305.15M77.84M-92.87M-109.71M-268.10M-260.27M-457.05M-269.82M-389.17M-447.01M11.17M-349.28M-401.15M-476.39M-1.59B-317.66M-465.85M-816.21M-761.66M-664.23M-603.88M-536.70M-746.00M-828.20M
Financing Cash Flow51.00M-18.70M-21.10M-21.80M-20.80M64.00M100.99M419.08M136.23M-150.69M-152.07M-95.45M11.73M51.92M398.69M-56.31M160.95M249.63M-371.45M17.03M91.07M483.70M841.00M-108.69M-17.06M300.21M216.88M731.87M32.25M-341.70M-42.90M321.80M
Capital Expenditure100.70M48.20M24.40M28.30M27.30M104.20M134.85M378.48M233.07M90.35M90.97M138.63M308.45M261.37M328.92M346.87M472.68M440.70M349.13M354.75M398.49M455.48M474.78M326.01M457.52M818.38M767.40M677.49M604.37M555.60M744.20M819.80M
Free Cash Flow-51.80M-2.90M31.00M27.70M27.40M-28.50M-60.38M-201.08M-14.30M80.22M45.71M36.22M-48.76M-9.29M-183.28M-76.37M-324.93M-216.99M-32.16M-30.12M-75.04M-27.48M-154.32M102.25M31.29M-312.86M-225.54M-742.06M-19.56M388.80M-24.90M-146.40M
Dividends Paid18.90M19.30M19.90M20.50M21.70M22.60M34.43M1.45M31.12M37.02M40.21M42.21M43.96M50.30M53.66M55.15M56.47M59.20M65.26M67.59M69.64M72.60M87.57M96.74M106.59M124.65M135.44M145.02M156.72M168.10M182.30M197.90M
FCF to OCF-105.93%-6.40%55.96%49.46%50.09%-37.65%-81.09%-113.35%-6.54%47.03%33.44%20.72%-18.77%-3.69%-125.84%-28.23%-219.92%-97.00%-10.15%-9.28%-23.20%-6.42%-48.16%23.88%6.40%-61.89%-41.62%1149.32%-3.35%41.17%-3.46%-21.74%
Dividend Paid to FCF-36.49%-665.52%64.19%74.01%79.20%-79.30%-57.01%-0.72%-217.59%46.16%87.97%116.54%-90.17%-541.33%-29.28%-72.22%-17.38%-27.28%-202.94%-224.39%-92.80%-264.24%-56.75%94.61%340.69%-39.84%-60.05%-19.54%-801.08%43.24%-732.13%-135.18%

Earnings

Report DateJan 31, 1996Apr 24, 1996Jul 24, 1996Oct 23, 1996Jan 30, 1998Apr 22, 1998Jul 23, 1998Oct 27, 1998Jan 28, 1999Apr 23, 1999Jul 23, 1999Sep 30, 1999Dec 31, 1999Apr 27, 2000Jul 25, 2000Oct 24, 2000Feb 1, 2001May 4, 2001Jul 31, 2001Oct 25, 2001Jan 31, 2002Apr 26, 2002Jul 29, 2002Nov 6, 2002Feb 6, 2003May 5, 2003Aug 6, 2003Oct 30, 2003Feb 9, 2004May 6, 2004Aug 9, 2004Nov 9, 2004Feb 7, 2005May 9, 2005Aug 9, 2005Nov 9, 2005Feb 7, 2006May 4, 2006Aug 9, 2006Nov 2, 2006Feb 15, 2007Apr 26, 2007Aug 9, 2007Nov 1, 2007Feb 7, 2008Apr 30, 2008Aug 11, 2008Nov 5, 2008Feb 2, 2009Apr 30, 2009Aug 6, 2009Oct 29, 2009Jan 28, 2010May 6, 2010Aug 5, 2010Oct 28, 2010Feb 3, 2011May 10, 2011Aug 4, 2011Nov 3, 2011Feb 3, 2012May 3, 2012Aug 6, 2012Nov 7, 2012Jan 31, 2013May 2, 2013Aug 5, 2013Nov 4, 2013Feb 6, 2014May 1, 2014Aug 5, 2014Nov 3, 2014Feb 2, 2015May 4, 2015Aug 4, 2015Nov 3, 2015Feb 2, 2016May 3, 2016Aug 3, 2016Nov 2, 2016Feb 1, 2017May 3, 2017Aug 3, 2017Nov 2, 2017Feb 1, 2018May 3, 2018Aug 6, 2018Nov 5, 2018Feb 7, 2019May 2, 2019Aug 5, 2019Nov 4, 2019Feb 6, 2020May 4, 2020Aug 3, 2020Nov 2, 2020Feb 9, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 9, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 7, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 7, 2024May 8, 2024Jul 30, 2024Nov 6, 2024Feb 5, 2025May 7, 2025Jul 30, 2025Nov 5, 2025Feb 4, 2026May 5, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.310.290.270.330.400.390.320.410.410.400.34-----0.641.021.330.580.460.510.500.610.570.590.570.570.250.450.280.550.530.380.44-0.720.560.520.380.520.680.650.380.530.640.650.350.470.570.600.200.190.560.870.250.270.580.830.160.360.580.680.370.420.630.740.420.430.620.920.480.520.771.000.420.740.671.020.510.421.131.400.500.551.031.530.420.500.921.570.430.451.091.630.320.521.151.660.390.641.301.660.400.581.171.670.390.511.101.720.320.471.341.930.360.451.411.840.420.50
EPS Actual0.330.370.270.380.380.390.350.441.600.420.360.450.490.420.380.710.831.371.340.610.460.520.540.640.590.620.540.540.300.300.290.530.620.480.48-0.720.790.550.370.660.620.910.660.460.660.430.340.510.620.590.150.050.840.810.190.380.410.590.320.370.620.530.310.420.680.870.410.470.701.080.440.600.761.070.560.640.711.230.390.481.071.410.410.500.981.630.450.421.051.730.240.441.131.590.330.581.231.540.400.701.111.820.520.541.111.730.350.671.171.870.330.351.371.870.380.451.411.790.54-
Surprise6.45%27.59%0.00%15.15%-5.00%0.00%9.38%7.32%290.24%5.00%5.88%-----29.69%34.31%0.75%5.17%0.00%1.96%8.00%4.92%3.51%5.08%-5.26%-5.26%20.00%-33.33%3.57%-3.64%16.98%26.32%9.09%0.00%41.07%5.77%-2.63%26.92%-8.82%40.00%73.68%-13.21%3.13%-33.85%-2.86%8.51%8.77%-1.67%-25.00%-73.68%50.00%-6.90%-24.00%40.74%-29.31%-28.92%100.00%2.78%6.90%-22.06%-16.22%0.00%7.94%17.57%-2.38%9.30%12.90%17.39%-8.33%15.38%-1.30%7.00%33.33%-13.51%5.97%20.59%-23.53%14.29%-5.31%0.71%-18.00%-9.09%-4.85%6.54%7.14%-16.00%14.13%10.19%-44.19%-2.22%3.67%-2.45%3.13%11.54%6.96%-7.23%2.56%9.38%-14.62%9.64%30.00%-6.90%-5.13%3.59%-10.26%31.37%6.36%8.72%3.13%-25.53%2.24%-3.11%5.56%0.00%0.00%-2.72%28.57%-
TimingPre-marketPre-marketPre-market----------------After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hours-After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.37B
Enterprise Value9.80B
Trailing P/E17.75
Forward P/E15.04
PEG Ratio2.51
Price / Sales2.34
Price / Book1.36
EPS3.97
Book Value51.71
Revenue (TTM)2.30B
Gross Profit (TTM)913.20M
EBITDA839.20M
Profit Margin13.01%
Operating Margin21.42%
Return on Equity7.96%
Return on Assets3.22%
Shares Outstanding76.25M
Shares Float75.88M
Beta0.69
Dividend Yield4.02%
Dividend Rate2.81
Payout Ratio66.47%

Analyst Ratings

Hold
Based on 6 analystsTarget 86.60
  • Strong Buy
    1
  • Buy
    1
  • Hold
    3
  • Sell
    1

Ownership Breakdown

Institutions
104.39%
Insiders
0.48%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    12.13M15.91%
  • Vanguard Portfolio Management, LLC
    5.04M6.61%
  • State Street Corp
    3.62M4.75%
  • Vanguard Capital Management, LLC
    3.37M4.42%
  • Delaware Management Holdings Inc
    2.68M3.51%
  • Geode Capital Management, LLC
    1.99M2.62%
  • Point72 Asset Management, L.P.
    1.94M2.55%
  • Capital Research Global Investors
    1.83M2.39%
  • Covalis Capital LLP
    1.75M2.30%
  • Two Sigma Investments LLC
    1.66M2.18%
  • Cohen & Steers Inc
    1.61M2.11%
  • AQR Capital Management LLC
    1.60M2.09%
  • The Goldman Sachs Group Inc
    1.58M2.08%
  • Franklin Templeton Inc
    1.58M2.07%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    2.67M3.50%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.42M3.17%
  • iShares Russell 2000 ETF
    2.00M2.62%
  • American Funds SMALLCAP World A
    1.78M2.33%
  • Vanguard Small Cap Index
    1.75M2.30%
  • iShares Select Dividend ETF
    1.46M1.92%

Dividends

20263×
0.70Aug 17, 20260.70May 15, 20260.70Feb 17, 2026
20254×
0.68Nov 17, 20250.68Aug 18, 20250.68May 16, 20250.68Feb 18, 2025
20244×
0.65Nov 18, 20240.65Aug 19, 20240.65May 16, 20240.65Feb 15, 2024
20234×
0.63Nov 16, 20230.63Aug 17, 20230.63May 17, 20230.63Feb 13, 2023
20224×
0.63Nov 16, 20220.59Aug 17, 20220.59May 17, 20220.59Feb 11, 2022
20214×
0.59Nov 16, 20210.56Aug 17, 20210.56May 17, 20210.56Feb 11, 2021
20201×
0.56Nov 16, 2020

Stock Splits

  • Mar 11, 19983:2
  • Mar 3, 19923:2