BLACK HILLS CORP /SD/
BKHNYSE
$74.61
↓ -1.6%Jul 17 close · end-of-day
Price
1Y↑ +36.3%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$5.6B
Enterprise Value
$10.0B
P/E
19.4
P/S
2.5
P/B
1.4
EV/EBITDA
12.2
PEG
231.6
FCF Yield
-5.5%
Dividend Yield
3.7%
Revenue (TTM)
$2.3B
Net Income (TTM)
$288.3M
Free Cash Flow (TTM)
-$312.5M
Gross Margin
—
Operating Margin
23.4%
Net Margin
12.6%
ROE
7.3%
ROIC
5.6%
Debt / Equity
1.1
Net Cash
-$4.4B
Return 1Y
+36.2%
Company profile
Black Hills Corporation operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers. The company also constructs and maintains gas infrastructure facilities for gas transportation customers.
- CEO
- Linden R. Evans
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Utilities
- Employees
- 2,980
- Headquarters
- South Dakota
- Website
- blackhillscorp.com
Management & directors
- Evans Linden RPresident and CEO
- Jones Marne MSVP - Utilities
- Nooney Kimberly FSVP & CFO
- Wiltse SarahSVP and CHRO
- Nakata Darren T.Chief Legal Officer
- Redden Donald Lee JrCITO
Roles derived from SEC Form 4 filings.
Earnings
BKH Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$780.7M↓ -3.0%
Diluted EPS$1.73↓ -7.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.6B | $2.3B | $2.1B | $2.3B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $428.3M | $409.4M | $455.2M | $472.7M | $503.1M | $537.5M |
| Net income | $227.6M | $236.7M | $258.4M | $262.2M | $273.1M | $291.6M |
| Diluted EPS | $3.65 | $3.74 | $3.97 | $3.91 | $3.91 | $3.98 |
| Operating cash flow | $541.9M | -$64.6M | $584.8M | $944.4M | $719.3M | $673.4M |
| Free cash flow | -$225.5M | -$742.1M | -$19.6M | $388.8M | -$24.9M | -$146.4M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 25.2% | 21.0% | 17.8% | 20.3% | 23.6% | 23.3% |
| Net margin | 13.4% | 12.1% | 10.1% | 11.2% | 12.8% | 12.6% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $402.6M | $401.6M | $597.1M | $805.2M | $439.0M | $430.2M | $635.6M | $780.7M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $70.6M | $75.8M | $163.4M | $205.0M | $82.5M | $78.7M | $171.3M | $201.9M |
| Net income | $22.8M | $24.4M | $98.0M | $134.3M | $27.5M | $24.9M | $104.9M | $131.0M |
| Diluted EPS | $0.33 | $0.35 | $1.36 | $1.87 | $0.38 | $0.34 | $1.39 | $1.73 |
| Operating cash flow | $230.6M | $102.1M | $153.2M | $227.8M | $188.6M | $88.9M | $168.1M | $176.2M |
| Free cash flow | $64.4M | -$86.0M | -$60.5M | $74.9M | -$30.3M | -$89.5M | -$101.5M | -$91.2M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 17.5% | 18.9% | 27.4% | 25.5% | 18.8% | 18.3% | 27.0% | 25.9% |
| Net margin | 5.7% | 6.1% | 16.4% | 16.7% | 6.3% | 5.8% | 16.5% | 16.8% |
Company news
Jul 11, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-27 | Otto Robert P | Sale | 4,109 | $74.22 | $304,969.57 | filing |
| 2026-05-01 | Waleski Anne G | Award | 1,921 | — | — | filing |
| 2026-05-01 | Taylor Teresa | Award | 1,921 | — | — | filing |
| 2026-05-01 | Prochazka Scott M | Award | 1,921 | — | — | filing |
| 2026-05-01 | Otto Robert P | Award | 1,921 | — | — | filing |
| 2026-05-01 | MILLS STEVEN RICHARD | Award | 1,921 | — | — | filing |
| 2026-05-01 | McAllister Kathleen S | Award | 1,921 | — | — | filing |
| 2026-05-01 | Granger Barry M | Award | 1,921 | — | — | filing |
| 2026-05-01 | Beard Robert F. | Award | 1,921 | — | — | filing |
| 2026-05-01 | JENSEN TONY A | Award | 1,921 | — | — | filing |
| 2026-02-17 | Evans Linden R· President and CEO | Gift | 2,580 | — | — | filing |
| 2026-02-17 | Evans Linden R· President and CEO | Gift | 3,731 | — | — | filing |
| 2026-02-12 | Evans Linden R· President and CEO | Award | 9,036 | $73.21 | $661,525.56 | filing |
| 2026-02-12 | Evans Linden R· President and CEO | Tax withholding | 3,556 | $73.21 | $260,310.31 | filing |
| 2026-02-12 | Nooney Kimberly F· SVP & CFO | Award | 2,006 | $73.21 | $146,859.26 | filing |
| 2026-02-12 | Jones Marne M· SVP - Utilities | Award | 835 | $73.21 | $61,130.35 | filing |
| 2026-02-12 | Nooney Kimberly F· SVP & CFO | Tax withholding | 806 | $73.21 | $58,993.72 | filing |
| 2026-02-12 | Jones Marne M· SVP - Utilities | Tax withholding | 334 | $73.21 | $24,476.81 | filing |
| 2026-02-09 | Evans Linden R· President and CEO | Tax withholding | 1,382 | $71.48 | $98,810.31 | filing |
| 2026-02-09 | Evans Linden R· President and CEO | Tax withholding | 1,078 | $71.48 | $77,041.22 | filing |
| 2026-02-09 | Nooney Kimberly F· SVP & CFO | Tax withholding | 377 | $71.48 | $26,958.54 | filing |
| 2026-02-09 | Jones Marne M· SVP - Utilities | Tax withholding | 276 | $71.48 | $19,710.25 | filing |
| 2026-02-09 | Nooney Kimberly F· SVP & CFO | Tax withholding | 250 | $71.48 | $17,887.58 | filing |
| 2026-02-09 | Jones Marne M· SVP - Utilities | Tax withholding | 104 | $71.48 | $7,460.22 | filing |
| 2026-02-07 | Nooney Kimberly F· SVP & CFO | Tax withholding | 1,805 | $72.30 | $130,509.96 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.