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StockVS

NYSE · Utilities - Regulated Gas · USD

Black Hills Corporation (BKH) Stock Analysis

Black Hills Corporation (BKH) is a Utilities - Regulated Gas stock listed on NYSE and quoted in US Dollar.

BKH

$73.21

−$0.09 (−0.12%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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BKH Key Statistics

As of Sep 4, 2026
Trading
Open
$72.83
Previous Close
$73.30
Day's Range
72.75–73.62
52-Week Range
58.06–78.69
Volume
716.80K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.69
Valuation
Market Cap
$5.58B
P/E Ratio
18.44
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
15.87
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.48
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.43
EPS (ttm)Profit attributable to each share over the last twelve months.
3.97
Financials (FY)
Revenue (FY)
$2.31B+8.57%
Net Income (FY)
$291.60M+6.77%
Profit marginThe share of revenue left as profit after all costs and taxes.
13.01%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
76.25M
1-Year Return
+26.50%
Dividend and dates
Dividend
$2.81+3.84%
Ex-Dividend Date
August 17, 2026
Earnings Date
November 4, 2026estimated
Avg Volume
891.04K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

BKH Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+7.49%
2025+23.93%
2024+13.57%
2023−19.95%
2022+3.08%
2021+18.86%
2020−19.05%
2019+28.60%
2018+7.98%
2017+0.81%
2016 (partial year)+4.66%

As of September 4, 2026.

BKH Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.31B$291.60M12.6%
2024$2.13B$273.10M12.8%
2023$2.33B$262.20M11.2%
2022$2.55B$258.40M10.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.31B$888.70M$537.50M$291.60M12.6%
2024$2.13B$840.40M$503.10M$273.10M12.8%
2023$2.33B$796.40M$472.70M$262.20M11.2%
2022$2.55B$772.80M$455.20M$258.40M10.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

BKH Dividend History

$2.70+4.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$2.113—
2025$2.704+4.0%
2024$2.604+4.0%
2023$2.504+3.7%
YearDividends per sharePaymentsChange
2026 (partial year)$2.113—
2025$2.704+4.0%
2024$2.604+4.0%
2023$2.504+3.7%
2022$2.414+5.2%
2021$2.294+5.5%
2020$2.174+5.9%
2019$2.054+6.2%
2018$1.934+6.6%
2017$1.814+331.0%
2016$0.421—

Most recent payment: $0.70 per share, ex-dividend August 17, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

BKH Valuation vs Utilities - Regulated Gas Median

Median of 17 stocks
MetricBKHUtilities - Regulated Gas medianvs median
P/E18.4418.410% above
P/S ratio2.432.1712% above
Profit margin13.01%13.01%0.0 pts above

Medians across 17 Utilities - Regulated Gas stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 15 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Black Hills Corporation (BKH) at $5.58B. The company sits in the Utilities sector, in the Utilities - Regulated Gas industry. The company reports 2,795 employees.

Over the past 52 weeks the price has ranged from $58.06 to $78.69. The most recent close on file for BKH is $73.21, dated September 4, 2026. That is −$0.09 (−0.12%) against the previous close. The latest close sits 26.09% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $2.31B. That is +8.57% against the prior fiscal year, when revenue was $2.13B. The same year closed with net income of $291.60M. That is +6.77% against the prior fiscal year. The reported profit margin is 13.01%. Earnings per share on a trailing basis come to 3.97.

Across the 4 fiscal years on file, revenue moves from $2.55B in 2022 to $2.31B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 18.44 times earnings. That is 0.19% above the Utilities - Regulated Gas median of 18.41. The forward P/E on file is 15.87. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.48. Measured against sales, the shares trade at 2.43 times revenue. On price-to-sales that is 11.82% above the Utilities - Regulated Gas median of 2.17. The medians here are taken across 17 Utilities - Regulated Gas companies that report the metric.

Over the trailing twelve months the price has returned +26.50%. Measured over 10 years, that is +5.76% a year compounded. Beta against the wider market is reported at 0.69. Annualized volatility over the trailing 10 years is 25.58%.

Growth & Income

BKH pays a dividend yielding 3.84%. That is 0.1 percentage points above the Utilities - Regulated Gas median yield of 3.69%. The indicated annual rate is $2.81 a share. The ex-dividend date on file is August 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $2.11 a share. The year before, 2025, totalled $2.70 a share.

The strongest complete calendar year on file is 2019 at +28.60%; the weakest is 2023 at −19.95%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the price is +7.49%.

Peer Comparison

Black Hills Corporation (BKH) operates in the Utilities - Regulated Gas industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Black Hills Corporation BKH $5.58B 18.4
Atmos Energy Corporation ATO $28.32B 20.2
NiSource Inc. NI $19.85B 22.1
UGI Corporation UGI $8.14B 12.6

The Utilities - Regulated Gas industry average P/E ratio is 18.4x. Black Hills Corporation trades at a P/E of 18.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Black Hills Corporation

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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