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BKH Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
73.840
Open
73.260
VWAP
73.12
Vol
986.97K
Mkt Cap
5.54B
Low
72.710
Amount
72.17M
EV/EBITDA(TTM)
12.47
Total Shares
76.13M
EV
10.28B
EV/OCF(TTM)
16.53
P/S(TTM)
2.37
Black Hills Corporation is a customer-focused, growth-oriented utility company. It serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its segments include Electric Utilities and Gas Utilities. Its Electric Utilities segment generates, transmits and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,196 miles of electric transmission and distribution lines. Its Gas Utilities segment serves over 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. Its Gas Utilities own and operate 4,648 miles of intrastate gas transmission pipelines and 44,524 miles of gas distribution mains and service lines, seven natural gas storage sites, over 50,000 horsepower of compression, and 516 miles of gathering lines.
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Events Timeline

(ET)
2026-05-06
18:10:00
Black Hills Corp Reports Q1 Revenue of $780.7M
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2026-05-06
18:10:00
Evans: Post-Merger Long-Term EPS Growth Target of 4%-6%
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2026-04-14 (ET)
2026-04-14
16:20:00
Major Averages Rise on Renewed U.S.-Iran Diplomacy Optimism
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2026-04-14
14:20:00
Microsoft Plans to Purchase 3,200 Acres for Data Center in Wyoming
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link
2026-04-14
14:20:00
Black Hills Shares Rise $3.84 to $76.01
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2026-04-02 (ET)
2026-04-02
12:20:00
Black Hills Corp. and NorthWestern Energy Merger Approved by Shareholders
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News

Fool
8.5
05-26Fool
Defensive Strategies Amid Inflation and Rate Uncertainty in Stock Market
  • Dividend Kings Performance: PepsiCo has increased its dividends for 54 consecutive years, currently yielding 3.9%, and its diverse portfolio of beverages and snacks is expected to drive revenue growth, especially as the global snack market is projected to rise from $719 billion in 2024 to $922 billion by 2030.
  • Utility Stability: Black Hills, a utility stock, has raised its dividends for 56 years with a current yield of 3.7%, and plans to merge with NorthWestern Energy Group, which would expand its customer base to over 2 million, further solidifying its market position.
  • Strong Sales Performance: Colgate-Palmolive reported $5.3 billion in net sales for Q1 2026, marking its fourth consecutive quarter of record sales, and despite facing rising packaging and material costs, its 63-year history of dividend increases demonstrates its resilience to uncertainty.
  • Market Defensive Strategies: Amid rising inflation and interest rate uncertainty, investors are leaning towards companies with stable dividends to protect their portfolios, making PepsiCo, Black Hills, and Colgate-Palmolive ideal choices due to their strong dividend records, providing a safety margin during market fluctuations.
NASDAQ.COM
8.0
05-26NASDAQ.COM
Defensive Investments Amid Market Rally Concerns
  • Importance of Defensive Investments: Amid current market rally concerns, investors are advised to include defensive assets in their portfolios to mitigate potential downturn risks, ensuring stable returns during economic fluctuations.
  • Performance of Dividend Kings: Companies known as 'Dividend Kings', such as PepsiCo (PEP), Black Hills (BKH), and Colgate-Palmolive (CL), have consistently increased dividends for over 50 years, demonstrating strong business resilience and stable cash flows, making them suitable holdings during economic uncertainty.
  • PepsiCo's Market Advantage: With a dividend yield of 3.9%, higher than Coca-Cola's 2.6%, PepsiCo's diverse product portfolio, including snacks and beverages, is expected to drive revenue growth in the coming years, particularly as consumers continue to opt for affordable luxuries during economic slowdowns.
  • Black Hills' Merger Prospects: Black Hills has increased its dividend for 56 consecutive years, currently yielding 3.7%, and plans to merge with NorthWestern Energy Group, which, if approved, will serve over 2 million customers, further strengthening its market position and revenue stability.
seekingalpha
9.5
05-06seekingalpha
Black Hills Q1 Earnings Miss Expectations
  • Disappointing Earnings: Black Hills reported a Q1 Non-GAAP EPS of $1.79, missing expectations by $0.05, indicating pressure on profitability that may affect investor confidence.
  • Revenue Decline: The company generated $780.7 million in revenue for Q1, a 3.0% year-over-year decrease, falling short of market expectations by $123.19 million, reflecting challenges in the current economic environment.
  • 2026 Earnings Guidance Reaffirmed: Black Hills reaffirmed its adjusted EPS guidance for 2026 to be between $4.25 and $4.45, based on assumptions of normal weather and timely regulatory outcomes, demonstrating confidence in future performance.
  • Rising Operating Costs: The company anticipates a 3.5% increase in operations and maintenance expenses off a 2025 base of $580 million, which could pressure profitability amid significant capital expenditures and AI risks.
Newsfilter
9.5
05-06Newsfilter
Black Hills Corp Reaffirms 2026 Earnings Guidance
  • Earnings Guidance Reaffirmed: Black Hills Corp reaffirms its adjusted EPS guidance for 2026 in the range of $4.25 to $4.45, excluding merger-related costs, demonstrating confidence in future profitability despite challenges from weather impacts and rising costs.
  • New Peak Load Achieved: Wyoming Electric recorded a new winter peak load of 393 MW on January 23, 2026, representing a 4% increase over the previous peak of 379 MW in 2025, reflecting 20 consecutive years of rising electricity demand in the region, thereby enhancing the company's competitive position in the market.
  • Merger Progressing Smoothly: The all-stock merger with NorthWestern Energy has received shareholder approval, and constructive settlements have been reached in Montana, South Dakota, and Nebraska, with the transaction expected to close in the second half of 2026, further solidifying its market presence.
  • New Project Investments: The company is advancing its 99 MW Lange II generation project, expected to be operational in Q4 2026, while also securing agreements to reserve generation equipment for a 1.8 GW data center project, indicating a proactive approach to large-load project development.
Fool
8.5
05-03Fool
Investment Trends in the Utility Sector
  • Rising Electricity Demand: The expected increase in electricity demand is set to drive faster growth in the utility sector, traditionally viewed as stable, thus attracting more investor interest.
  • NextEra Energy's Growth Potential: NextEra Energy owns one of the largest utilities in the U.S., with its clean energy division being a global leader in solar and wind production, boasting a historical dividend growth of around 10% over the past decade, though projected to slow to 6%, which remains attractive.
  • Stability of Black Hills: As a 'Dividend King', Black Hills offers a 3.7% dividend yield, significantly above the industry average of 2.6%, making it suitable for conservative investors, despite its ongoing merger with NorthWestern Energy pending regulatory approval.
  • Divergent Investor Preferences: NextEra Energy is likely a better fit for those seeking dividend growth, while Black Hills is ideal for conservative investors looking for reliable dividend payments, highlighting the varying demands of investment strategies.
NASDAQ.COM
8.5
05-03NASDAQ.COM
Investment Choices in the Utility Sector
  • Dividend Growth Potential: NextEra Energy has achieved an impressive annual dividend growth rate of around 10% over the past decade, with expectations of a slowdown to approximately 6% in the coming years, which remains attractive compared to the market average yield of 2.6%, making it appealing for conservative dividend growth investors.
  • Black Hills Advantage: As one of only six utilities to achieve Dividend King status, Black Hills offers a relatively attractive 3.7% dividend yield, significantly higher than the industry average, making it suitable for conservative investors seeking stable income.
  • Merger Risks: Black Hills is in the process of merging with NorthWestern Energy, with shareholder approval already secured, but it still requires regulatory approval; this merger is expected to enhance the scale and diversification of the combined entity without altering the fundamental nature of their regulated utility businesses.
  • Investor Choice Differences: NextEra Energy is likely a better fit for those seeking dividend growth, while Black Hills is the ideal choice for investors looking for reliable dividend-paying utilities, highlighting the significant differences in investment strategies between the two companies.
Wall Street analysts forecast BKH stock price to rise
3 Analyst Rating
Wall Street analysts forecast BKH stock price to rise
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
72.00
Averages
81.00
High
87.00
Current: 0.000
sliders
Low
72.00
Averages
81.00
High
87.00
BMO Capital
Edward DeArias
Outperform
maintain
$84 -> $91
AI Analysis
2026-04-15
Reason
BMO Capital
Edward DeArias
Price Target
$84 -> $91
AI Analysis
2026-04-15
maintain
Outperform
Reason
BMO Capital analyst Edward DeArias raised the firm's price target on Black Hills (BKH) to $91 from $84 and keeps an Outperform rating on the shares after the stock jumped on reports that Microsoft (MSFT) is purchasing land to build a data center to be served by the company. Over time this opportunity with continued hyperscaler interest in the state should lengthen Black Hills' transformational growth, the analyst tells investors in a research note. The stock's current discount to the broader group is discounting management's execution on the current plan, the strong balance sheet, and the timely recovery mechanisms with the potential for incremental large load announcements and capital plan revisions, the firm added.
BofA
Ross Fowler
Neutral
maintain
$72 -> $76
2026-04-09
Reason
BofA
Ross Fowler
Price Target
$72 -> $76
2026-04-09
maintain
Neutral
Reason
BofA analyst Ross Fowler raised the firm's price target on Black Hills to $76 from $72 and keeps a Neutral rating on the shares. The firm maintains its FY26, FY27 and FY28 EPS estimates and cites updated peer group multiples for its raised target.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for BKH
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Valuation Metrics

The current forward P/E ratio for Black Hills Corp (BKH.N) is 17.27, compared to its 5-year average forward P/E of 15.71. For a more detailed relative valuation and DCF analysis to assess Black Hills Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
15.71
Current PE
17.27
Overvalued PE
17.72
Undervalued PE
13.70

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
10.93
Current EV/EBITDA
9.18
Overvalued EV/EBITDA
12.48
Undervalued EV/EBITDA
9.37

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.88
Current PS
1.76
Overvalued PS
2.19
Undervalued PS
1.56

Financials

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Whales Holding BKH

C
Covalis Capital LLP
Holding
BKH
+9.28%
3M Return
O
Old Republic International Corporation
Holding
BKH
+4.54%
3M Return
Z
Zimmer Partners, LP
Holding
BKH
-2.37%
3M Return
E
Engineers Gate Manager LP
Holding
BKH
-4.60%
3M Return
C
Crawford Investment Counsel, Inc.
Holding
BKH
-5.65%
3M Return
O
Ontario Teachers' Pension Plan Board
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-7.08%
3M Return

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Frequently Asked Questions

What is Black Hills Corp (BKH) stock price today?

The current price of BKH is 72.82 USD — it has decreased -0.37

What is Black Hills Corp (BKH)'s business?

Black Hills Corporation is a customer-focused, growth-oriented utility company. It serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its segments include Electric Utilities and Gas Utilities. Its Electric Utilities segment generates, transmits and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,196 miles of electric transmission and distribution lines. Its Gas Utilities segment serves over 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. Its Gas Utilities own and operate 4,648 miles of intrastate gas transmission pipelines and 44,524 miles of gas distribution mains and service lines, seven natural gas storage sites, over 50,000 horsepower of compression, and 516 miles of gathering lines.

What is the price predicton of BKH Stock?

Wall Street analysts forecast BKH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKH is81.00 USD with a low forecast of 72.00 USD and a high forecast of 87.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Black Hills Corp (BKH)'s revenue for the last quarter?

Black Hills Corp revenue for the last quarter amounts to 780.70M USD, decreased -3.04

What is Black Hills Corp (BKH)'s earnings per share (EPS) for the last quarter?

Black Hills Corp. EPS for the last quarter amounts to 1.73 USD, decreased -7.49

How many employees does Black Hills Corp (BKH). have?

Black Hills Corp (BKH) has 2795 emplpoyees as of May 31 2026.

What is Black Hills Corp (BKH) market cap?

Today BKH has the market capitalization of 5.54B USD.