BLACK HILLS CORP (BKH)
Utilities · Regional electric and natural gas utility · NYSE
A customer-focused utility company generating, transmitting, and distributing electricity and natural gas to 1.37 million customers across eight Rocky Mountain and Midwestern states.
What BLACK HILLS CORP does
Black Hills Corporation is a utility company operating two main segments: Electric Utilities, serving approximately 227,000 customers in Colorado, Montana, South Dakota, and Wyoming with 1,386 MW of owned generation and 9,478 miles of transmission and distribution lines; and Gas Utilities, serving approximately 1,138,000 customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming with 4,581 miles of intrastate transmission pipelines, 44,840 miles of distribution mains and service lines, and seven natural gas storage sites. The company has served customers for 142 years under the Black Hills Energy brand and is pending a merger with NorthWestern to expand its footprint. Black Hills Corporation operates predominantly in rural areas of the Rocky Mountains and Midwestern states and is pursuing a Clean Energy Plan 2030 to reduce greenhouse gas emissions.
Themes: ["Electric utilities / transmission and distribution","Natural gas utilities / distribution and storage","Clean energy / greenhouse gas emissions reduction","Data center and AI infrastructure power supply","Renewable energy integration","Rate regulation and utility commissions"]
Fundamentals
- Price$73.28 as of 2026-07-09 close
- Market cap$5.6B as of 2026-07-10
- 1-year return+29.1% as of 2026-07-09 close
- P/E19.32 as of 2026-07-10
- Net margin+12.5% as of 2026-07-10
- ROE+7.6% as of 2026-07-10
- Debt / equity1.18 as of 2026-07-10
- Revenue growth (YoY)+3.5% as of 2026-07-10
- Revenue CAGR (3y)-3.3% SEC XBRL
- Beta0.70 as of 2026-07-10
Dividend: yield +3.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.