Black Hills Corporation
BKH
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Black Hills Corporation operates in a stable industry with consistent demand for regulated gas services, making it a reliable investment for income-focused investors.
- The company has a trailing P/E ratio of 17.82, which is attractive compared to the industry average, indicating potential for growth.
- In 2025, Black Hills reported a net income of $291.6 million, reflecting a solid profit margin of 12.63%.
- The company's current ratio of 0.523 suggests potential liquidity issues, which could impact its ability to meet short-term obligations.
- Revenue decreased by 42% in the latest quarter compared to the prior quarter, indicating a significant decline in performance.
- The stock has a sell signal with a score of -5.00, indicating bearish sentiment among analysts.
Fundamentals
| Market cap | $5.83B | Enterprise value | $10.34B | Trailing P/E | 19.27 | Forward P/E | 16.54 |
| PEG | 2.51 | Price / book | 1.48 | Beta | 0.66 | Dividend yield | 3.67% |
| Revenue growth | 3.1% | Earnings growth | 31.6% | Gross margin | 39.7% | Operating margin | 21.4% |
| Profit margin | 13.0% | ROE | 8.0% | ROA | 3.2% | Debt / equity | 1.12 |
| Current ratio | 0.52 | Free cash flow | -$77.75M | Analyst recommendation | strong_buy | Mean target | $84.50 |
| 52w high | $78.69 | 52w low | $59.91 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $453M | $781M | $636M | $430M | $439M |
| Op margin | 21.4% | 25.9% | 27.0% | 18.3% | 18.8% |
| Net income | $38.2M | $131M | $105M | $24.9M | $27.5M |
| Gross margin | 41.7% | 37.8% | 41.2% | 38.9% | 38.1% |
| Gross profit | $189M | $295M | $262M | $167M | $167M |
| Operating income | $97.0M | $202M | $171M | $78.7M | $82.5M |
- Revenue -42% vs prior quarter ($453M vs $781M).
- Gross margin 41.7% (was 37.8% prior quarter).
- Operating margin compressed to 21.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $2.3B | $2.6B | — |
| Op margin | 23.3% | 23.6% | 20.3% | 17.8% | — |
| Net income | $292M | $273M | $262M | $258M | — |
| Gross margin | 38.5% | 39.5% | 34.2% | 30.3% | — |
| Gross profit | $889M | $840M | $796M | $773M | — |
| Operating income | $538M | $503M | $473M | $455M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Black Hills Corp. Schedules 2026 Third-Quarter Earnings Release and Conference Call
2026-10-08 · This Utility Merger Pair Surges on Alphabet AI Deal
2026-10-08 · Why Black Hills (BKH) Is Up 8.2% After Inking Long-Term Google Data Center Power Deal
2026-10-07 · Why NorthWestern Energy Group Stock Soared on Wednesday
2026-10-07 · Why Black Hills Stock Rocketed Higher Today
2026-10-07 · Update: Black Hills Shares Rise After Agreements to Serve Google Data Center
2026-10-07 · BofA Securities Adjusts Black Hills Price Target to $90 From $97
2026-10-06 · Black Hills stock surges 5% on $1.8B Google data center deal
2026-10-06 · Black Hills to Invest $1.8 Billion for Planned Google Data Center
2026-10-06 · Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming
2026-09-21 · BofA Securities Adjusts Black Hills Price Target to $97 From $87
2026-09-04 · Black Hills (BKH) Posts Higher Profit While Wall Street Stays Skeptical
Price (daily)
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