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70.83 USD
P/E
17.80
EPS
3.98
Yield
3.86%
Safety Score
35
P/B
1.40
ROE
8.00
Beta
0.70
Target Price
81.25 USD
Black Hills Corporation logo

Black Hills Corporation

🧾 Earnings Recap – Q3 2025

Black Hills Corp. reported strong Q3 2025 results, reaffirming its earnings guidance with a solid adjusted EPS of $0.45, reflecting strategic progress in regulatory and capital initiatives.

  • Adjusted EPS increased to $0.45 from $0.35 year-over-year, aided by new rates and rider recoveries.
  • Concluded seven rate reviews since 2024, reinforcing regulatory strategy and customer growth.
  • Advancing a $1 billion capital plan, including completion of the Ready Wyoming transmission expansion by year-end.
  • Merger with NorthWestern Energy is progressing, expected to enhance competitiveness and unlock additional value for stakeholders.
  • Confidently reaffirming 2025 earnings guidance of $4 to $4.20 per share, aiming for upper-range EPS growth through 2026.
📅
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Key Metrics
Earnings dateMay 6, 2026
P/E17.80
EPS3.98
Book Value50.66
Price to Book1.40
Debt/Equity120.37
% Insiders0.462%
Growth
Revenue Growth0.06%
Earnings Growth0.01%
Estimates
Forward P/E15.32
Forward EPS4.62
Target Mean Price81.25
Dividend
Dividend Yield3.86%
Annual dividends2.73 USD
Ex-Div. DateFeb. 17, 2026
Payout67.87%
5y avg Yield3.87%

DCF Valuation

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DCF Result

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Black Hills Corporation Logo Black Hills Corporation Analysis (BKH)

United States Utilities Official Website Stock

Is Black Hills Corporation a good investment? Black Hills Corporation (BKH) is currently trading at 70.83 USD. Market analysts have a consensus price target of 81.25 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 17.80. This valuation is generally in line with the broader market.

Earnings Schedule: Black Hills Corporation is expected to release its next earnings report on May 6, 2026. The market consensus estimate for Forward EPS is 4.62.

For income investors, Black Hills Corporation pays a dividend yield of 3.86%. With a payout ratio of 68%, the dividend appears sustainable.

Investor FAQ

Does Black Hills Corporation pay a dividend?

Yes, it pays an annual dividend of 2.73 USD (3.86% yield).

What asset class is Black Hills Corporation?

Black Hills Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 6, 2026. The company currently has a trailing EPS of 3.98.

Company 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.

Exchange Ticker
NYQ (United States) BKH
Dividend Yield

3.86% (5y avg: 3.87%)

Annual Dividends

2.73 USD

Next ex. div date

Feb. 17, 2026

Payout Ratio

67.87%

Historical Dividends
Year Total Dividends
2027 0.74 USD
2026 2.82 USD
2025 2.70 USD
2024 2.60 USD
2023 2.50 USD
2022 2.41 USD
2021 2.29 USD
2020 2.17 USD
2019 2.05 USD
2018 1.93 USD
2017 1.81 USD
2016 1.68 USD
2015 1.62 USD
2014 1.56 USD
2013 1.52 USD
2012 1.48 USD
2011 1.46 USD
2010 1.44 USD
2009 1.42 USD
2008 1.40 USD
2007 1.37 USD
2006 1.32 USD
2005 1.28 USD
2004 1.24 USD
2003 1.20 USD
2002 1.16 USD
2001 1.12 USD
2000 1.08 USD
1999 1.04 USD
1998 1.13 USD
1997 1.42 USD
1996 1.38 USD
1995 1.34 USD
1994 1.32 USD
1993 1.28 USD
1992 1.40 USD
1991 1.76 USD
1990 1.64 USD
1989 1.52 USD
1988 1.40 USD
1987 1.24 USD
1986 1.42 USD
1985 1.92 USD

Yearly aggregated dividends

Dividends

Black Hills Corporation
Mar 01, 2026 Paid
Dividend
0.703 USD
Black Hills Corporation
Dec 01, 2025 Paid
Dividend
0.676 USD
Black Hills Corporation
Sep 02, 2025 Paid
Dividend
0.676 USD
Black Hills Corporation
Jun 01, 2025 Paid
Dividend
0.676 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
March 11, 1998 1.500000
March 3, 1992 1.500000
March 3, 1986 2.000000
June 1, 1983 2.000000
Feb. 2, 1976 2.000000
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