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Black Hills Corporation

Utilities US BKH

70.975USD
-1.215(1.68%)

Last update at 2026-06-09T15:47:00Z

Day Range

68.6773.00
LowHigh

52 Week Range

53.8378.69
LowHigh

Fundamentals

  • Previous Close 72.19
  • Market Cap5590.78M
  • Volume1143212
  • P/E Ratio18.99
  • Dividend Yield3.58%
  • EBITDA816.50M
  • Revenue TTM2310.00M
  • Revenue Per Share TTM31.64
  • Gross Profit TTM 888.70M
  • Diluted EPS TTM3.87

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 343.50M 320.00M 301.60M 296.00M 258.50M
Minority interest -8.20000M -10.60000M -13.74500M -12.40000M -14.50000M
Net income 291.60M 273.10M 262.20M 258.40M 236.80M
Selling general administrative 11.80M 10.60M 7.00M 66.68M 60.10M
Selling and marketing expenses - - - - -
Gross profit 888.70M 840.40M 796.40M -1320.48000M -829.72400M
Reconciled depreciation 283.80M 270.10M 253.53M 250.91M 235.95M
Ebit 543.60M 515.20M 481.60M 206.09M 174.95M
Ebitda 827.40M 785.30M 738.40M 457.00M 410.90M
Depreciation and amortization 283.80M 270.10M 256.80M 250.91M 235.95M
Non operating income net other - - - 3.30M 3.11M
Operating income 537.50M 503.10M 472.70M 206.09M 174.95M
Other operating expenses 1772.50M 1624.60M 1858.60M 3.20M 4.40M
Interest expense 206.90M 195.20M 180.00M 161.00M 152.40M
Tax provision 43.70M 36.30M 25.23M 25.20M 7.20M
Interest income 6.80M 13.50M 6.25M 161.00M 152.40M
Net interest income -200.10000M -181.70000M -169.68400M -161.00000M -152.40000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 43.70M 36.30M 25.60M 25.20M 7.20M
Total revenue 2310.00M 2127.70M 2331.30M 458.50M 413.90M
Total operating expenses 351.20M 337.30M 323.70M 3.20M 4.40M
Cost of revenue 1421.30M 1287.30M 1534.90M 1778.98M 1243.62M
Total other income expense net -194.00000M -183.10000M -171.10000M 89.91M 83.55M
Discontinued operations - - - - -
Net income from continuing ops 299.80M 283.70M 268.74M 270.80M 251.30M
Net income applicable to common shares 291.60M 273.10M 262.20M 258.40M 236.70M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10869.80M 10022.60M 9620.40M 9618.23M 9131.90M
Intangible assets 6.40M 7.60M 8.40M 9.59M 10.77M
Earning assets - - - - -
Other current assets 228.40M 201.30M 210.30M 310.89M 299.30M
Total liab 6964.10M 6437.40M 6314.60M 6528.34M 6244.77M
Total stockholder equity 3823.60M 3501.50M 3215.30M 2994.91M 2787.09M
Deferred long term liab - - - 392.67M 526.31M
Other current liab 369.30M 290.20M 346.00M 248.41M 214.96M
Common stock 75.50M 71.70M 68.30M 66.14M 64.79M
Capital stock 75.50M 71.70M 68.30M 66.14M 64.79M
Retained earnings 1342.90M 1249.10M 1158.20M 1064.12M 962.46M
Other liab - - - 1254.31M 1216.14M
Good will 1299.50M 1299.50M 1299.50M 1299.45M 1299.45M
Other assets 333.80M 343.30M - 439.53M 561.25M
Cash 182.80M 16.10M 86.60M 21.43M 8.92M
Cash and equivalents 182.80M 16.10M - 21.43M 8.92M
Total current liabilities 740.00M 763.40M 1185.10M 1666.69M 901.71M
Current deferred revenue 59.00M 55.60M 76.00M 47.66M 48.81M
Net debt 4518.30M 4367.90M 4314.60M 4646.51M 4538.18M
Short term debt 0.00000M 133.80M 600.00M 1060.60M 420.18M
Short long term debt - 133.80M 600.00M 1060.60M 420.18M
Short long term debt total 4701.10M 4384.00M 4401.20M 4667.94M 4547.10M
Other stockholder equity 2414.90M 2190.10M 2003.60M 1880.22M 1779.93M
Property plant equipment - - - 6797.95M 6449.18M
Total current assets 995.90M 742.30M 826.60M 1071.71M 808.13M
Long term investments - - - - -
Net tangible assets - - - 2994.91M 1387.01M
Short term investments - - - - -
Net receivables 412.30M 371.00M 368.80M 525.83M 339.67M
Long term debt 4701.10M 4250.20M 3801.20M 3607.34M 4126.92M
Inventory 172.40M 153.90M 160.90M 207.42M 150.98M
Accounts payable 311.70M 229.10M 186.40M 310.02M 217.76M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - 94.98M 100.03M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -9.70000M -9.40000M -14.80000M -15.56700M -20.08400M
Additional paid in capital - - - - -
Common stock total equity - - - 66.14M 64.79M
Preferred stock total equity - - - - -
Retained earnings total equity - - - 1064.12M 962.46M
Treasury stock - - - -2.43500M -3.50900M
Accumulated amortization - - - - -
Non currrent assets other 331.80M 341.10M 366.60M -69.41000M 564.36M
Deferred long term asset charges - - - - -
Non current assets total 9873.90M 9280.30M 8793.80M 8546.52M 8323.76M
Capital lease obligations - - - - -
Long term debt total 4701.10M 4250.20M - 3607.34M 4126.92M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -746.00000M -541.34400M -603.88000M -664.23000M
Change to liabilities - - - 89.41M 10.66M
Total cashflows from investing activities -828.20000M -746.00000M - -603.88000M -664.23000M
Net borrowings 316.20M -16.20000M - 115.42M 591.56M
Total cash from financing activities 321.80M -42.90000M -341.70000M 32.25M 731.87M
Change to operating activities - - - 203.87M -524.22000M
Net income 299.80M 283.70M 262.20M 270.76M 251.26M
Change in cash 167.00M -69.60000M 66.00M 13.18M 3.07M
Begin period cash flow 23.40M 93.00M 27.00M 13.81M 10.74M
End period cash flow 190.40M 23.40M 93.00M 26.98M 13.81M
Total cash from operating activities 673.40M 719.30M 944.40M 584.80M -64.56500M
Issuance of capital stock 219.20M 181.40M 177.40M 90.04M 118.98M
Depreciation 283.80M 270.10M 256.80M 250.91M 245.54M
Other cashflows from investing activities -8.40000M -1.80000M - 0.48M 13.26M
Dividends paid 197.90M 182.30M 168.10M 156.72M 145.02M
Change to inventory -17.80000M 13.20M 51.40M -75.40300M -35.70700M
Change to account receivables -45.00000M -25.70000M 204.50M -184.44800M -43.17000M
Sale purchase of stock 219.20M 181.40M - 72.63M 1586.14M
Other cashflows from financing activities -15.70000M -25.80000M -31.30000M 214.35M -19.79400M
Change to netincome - - - 34.88M 23.99M
Capital expenditures 819.80M 744.20M 555.60M 604.37M 677.49M
Change receivables - - - -184.44800M -43.17000M
Cash flows other operating - - - 188.85M -514.52000M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - 13.18M 3.07M
Change in working capital 20.30M 106.30M 382.80M 33.42M -592.43700M
Stock based compensation 11.80M 10.60M 7.00M 8.55M 9.65M
Other non cash items 3.40M -3.40000M 10.20M -4.43200M 14.15M
Free cash flow -146.40000M -24.90000M 388.80M -19.56400M -742.05700M

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Gas

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BKH
Black Hills Corporation
-1.215 1.68% 70.97 18.99 16.78 2.42 1.46 4.38 12.12
ATO
Atmos Energy Corporation
0.34 0.20% 168.23 23.88 22.27 6.22 2.12 8.12 16.12
GASNY
Naturgy Energy Group SA ADR
0.01 0.15% 6.64 12.27 13.64 1.50 2.64 1.89 6.63
GASNF
Naturgy Energy Group S.A
- -% 33.67 11.65 12.97 1.45 2.51 1.81 6.36
SNMRY
Snam SpA ADR
0.32 2.25% 14.55 13.09 12.89 5.31 1.84 9.36 10.63

Reports Covered

Stock Research & News

Profile

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.

Black Hills Corporation

7001 Mount Rushmore Road, Rapid City, SD, United States, 57702

Key Executives

Name Title Year Born
Mr. Linden R. Evans Pres, CEO & Director 1963
Mr. Richard W. Kinzley Sr. VP & CFO 1966
Mr. Erik D. Keller Sr. VP & Chief Information Officer 1964
Mr. Brian G. Iverson Sr. VP, Gen. Counsel & Chief Compliance Officer 1963
Mr. Jerome E. Nichols Director of Investor Relations NA
Ms. Jennifer C. Landis Sr. VP & Chief HR Officer 1975
Ms. Kimberly F. Nooney VP & Treasurer NA
Ms. Amy K. Koenig VP of Governance, Corp. Sec. & Deputy Gen. Counsel 1974
Mr. Courtney Hebert VP, Corp. Controller & Chief Risk Officer NA
Mr. Linden R. Evans President, CEO & Director 1963

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