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USUtilities

Black Hills Corporation (BKH)

US · Utilities · Utilities - Regulated Gas

$71.32+1.16%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$452.8M
Revenue YoY
+3.1%
Net profit
$38.2M
Profit YoY
+38.9%
EPS
$0.54
EPS estimate
$0.42
Net margin
8.4%

EPS came in at 0.54 against a street estimate of 0.42 — a beat of 28.6%.

Key statistics

Market cap
$5.44B
P/E
18.0
Forward P/E
15.2
P/B
1.38
Book value
$51.71
EPS (TTM)
$3.97
Dividend yield
3.82%
52-week high
$77.21
52-week low
$55.92
50-day MA
$73.42
200-day MA
$72.70
Beta
0.69

Analyst view

Analysts rate Black Hills Corporation a hold (2 buy, 3 hold, 1 sell out of 6) with an average price target of $84.60.

From the latest earnings call · 2026-08-06

CONFIDENT BKH delivered Q2 adjusted EPS of $0.54 vs. $0.38 YoY, driven by $0.21 rate recovery and expense discipline. On track for full-year guidance. Merger with NorthWestern awaits final Montana approval; 3+ GW data center pipeline progressing, with 1.8 GW project targeting Q3 agreement. Q2 2026 Wyoming driving large load and peak growth. South Dakota hosting Lang II and rate reviews. Montana decision critical for NorthWestern merger completion by year-end. Analyst Weisel pressed on Crusoe exit's impact to 1.8 GW deal and Montana merger timing. Management emphasized negotiations remain on track with end-user hyperscale customer and multiple parties; partial settlement and brief filing support mid-Oct to mid-Nov Montana decision. 2026-08-06…

Full summary in the app.

Shareholding

Insiders
0.48%
Institutions
104.37%

Largest institutional holders

FundStake
BlackRock Inc15.91%
Vanguard Portfolio Management, LLC6.61%
State Street Corp4.75%
Vanguard Capital Management, LLC4.42%
Delaware Management Holdings Inc3.51%
Geode Capital Management, LLC2.62%
Point72 Asset Management, L.P.2.55%
Capital Research Global Investors2.39%

Recent filings & reports

DocumentDate
Company announcement · Q3 2026
BLACK HILLS CORPORATION - 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Black Hills Corporation is pursuing an all-stock merger with NorthWestern Ener
2026-08-17
Quarterly report · Q2 2026
BLACK HILLS CORPORATION – 10-Q SUMMARY Q2 2026 (Quarter Ended June 30, 2026) --- HEADLINE NUMBERS • Revenue (6 months): $1,233.5 million vs. $1,244
2026-08-06
Results announced · Q3 2026
BLACK HILLS CORP. Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 Adjusted EPS: $0.54 vs. $0.38 in Q2 2025 (42% increase) • H1 2026 Adjusted EPS
2026-08-05
Company announcement · Q2 2026
BLACK HILLS CORPORATION FORM 8-K SUMMARY Filing Date: May 15, 2026 --- BUSINESS & SEGMENT HIGHLIGHTS • Pending Merger Transaction: Black Hills Corp
2026-05-15
Quarterly report · Q1 2026
BLACK HILLS CORPORATION – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Revenue (Q1 2026): $780.7 million (down from $805.2 million in Q1 2025; -3.0
2026-05-07
Results announced · Q2 2026
BLACK HILLS CORP. Q1 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q1 2026 GAAP EPS: $1.73 vs. $1.87 in Q1 2025 (decline of $0.14 or 7.5%) • Q1 2026 Adju
2026-05-06
Proxy statement · Q2 2026
BLACK HILLS CORPORATION PROXY STATEMENT SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Election of Three Directors (Class II) – Voting FOR ea
2026-03-18
Annual report FY2025
BLACK HILLS CORPORATION - 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Market capitalization: $4.06 billion as of June 30, 2025 • Shares out
2026-02-11

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.70 / share
ex-date Aug 17, 2026 · pay Sep 1, 2026
2026-08-17
Dividend$0.70 / share
ex-date May 15, 2026 · pay Jun 1, 2026
2026-05-15
Dividend$0.70 / share
ex-date Feb 17, 2026 · pay Mar 1, 2026
2026-02-17
Dividend$0.68 / share
ex-date Nov 17, 2025 · pay Dec 1, 2025
2025-11-17
Dividend$0.68 / share
ex-date Aug 18, 2025 · pay Sep 2, 2025
2025-08-18

Deals & corporate news

AnnouncementDate
Reaffirms 2026 earnings guidance range of $4.25 to $4.45 per share
Black Hills Corp. reported solid second-quarter 2026 results, with adjusted earnings per share (EPS) of $0.54, up 42% from $0.38 in Q2 2025. The company reaffirmed its full-year 2026 adjuste
2026-08-05
Merger with NorthWestern Energy progresses with shareholder approval and settlement agreements
Black Hills Corp. reported first-quarter 2026 results and reaffirmed its full-year earnings guidance of $4.25-$4.45 per share (excluding merger costs). Key highlights: Adjusted EPS was $1.79
2026-05-06
Shareholders approve all-stock merger between two energy companies
Black Hills Corp. and NorthWestern Energy announced that their shareholders have approved an all-stock merger, creating a new company called Bright Horizon Energy Corporation. The merger was
2026-04-02
Initiates 2026 adjusted EPS guidance range of $4.25 to $4.45
Black Hills Corp. reported solid 2025 financial results with full-year adjusted EPS of $4.10, meeting guidance expectations and representing 5% growth versus 2024. The company initiated 2026
2026-02-04
Reaffirms 2025 adjusted earnings guidance range of $4.00 to $4.20
Black Hills Corp. reported third-quarter 2025 results with solid performance. Third-quarter adjusted earnings per share (EPS) reached $0.45, up from $0.35 in the prior year, driven primarily
2025-11-05

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Data updated 2026-09-18.