BKH
Black Hills Corporation
NYSEUSDEQUITY
Utilities
DELAYED
Last price
71.69
▼ 1.60 (2.18%)
MARKET · —
Price
Open
73.29
Prev close
73.29
Day high
73.61
Day low
71.62
Volume
594.76K
Market cap
$5.47B
P/E (TTM)
18.06
52W range
58.06 – 78.69
Trailing performance
Returnvs SPY
1W
-3.50%
-2.1%
1M
-4.54%
-8.3%
3M
-3.33%
-6.4%
6M
-2.26%
-13.3%
YTD
+3.27%
-9.0%
1Y
+19.42%
-0.6%
3Y
+27.11%
-47.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$5.47B
Enterprise value$9.97B
Revenue (TTM)$2.30B
Gross profit$913.20M
EBITDA$839.20M
Net income$299.10M
EPS (TTM)$3.97
Free cash flow$-77.75M
Total cash$71.50M
Total debt$4.49B
Book value / share$51.71
Shares outstanding76.25M
Float75.88M
Short % of float16.14%
Dividend yield3.92%
Beta (5Y)0.70
Valuation & profitability ratios
Trailing P/E18.06
Forward P/E15.54
PEG ratio2.64
Price / sales—
Price / book1.39
EV / revenue4.34
EV / EBITDA11.88
Gross margin39.72%
Operating margin21.42%
Profit margin13.01%
Return on equity7.96%
Return on assets3.22%
Debt / equity111.69
Current ratio0.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $2.31B | $2.13B | $2.33B | $2.55B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $291.60M | $273.10M | $262.20M | $258.40M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $291.60M | $273.10M | $262.20M | $258.40M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.41 | 0.54 | +33.3% |
| Mar 2026 | 1.84 | 1.79 | -2.7% |
| Dec 2025 | 1.41 | 1.41 | 0.0% |
| Sep 2025 | 0.40 | 0.45 | +13.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.50 | 3 | $517.62M | +20.3% |
| Next quarter | 1.60 | 3 | $859.91M | +35.3% |
| Current year | 4.34 | 5 | $2.55B | +10.2% |
| Next year | 4.61 | 5 | $3.22B | +26.4% |
Analyst targets & ownership
Mean target$84.80
High target$87.00
Low target$80.00
Implied upside18.29%
Analyst count5
ConsensusNONE
Strong buy / Buy1 / 4
Hold0
Sell / Strong sell0 / 0
Held by insiders0.48%
Held by institutions104.45%
Institutions holding599
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+13.18K
Net buying
Buy transactions
9
17.29K shares
Sell transactions
1
4.11K shares
Net transactions
+10
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
367.54K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 27, 26 | OTTO ROBERT P. Director |
SELL | 4.11K | $304.97K | Direct |
| May 1, 26 | GRANGER BARRY M. Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | JENSEN TONY ALAN Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | TAYLOR TERESA A Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | WALESKI ANNE G Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | PROCHAZKA SCOTT M. Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | BEARD ROBERT F Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | MCALLISTER KATHLEEN S. Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | OTTO ROBERT P. Director |
STOCK | 1.92K | $0 | Direct |
| May 1, 26 | MILLS STEVEN RICHARD Director |
STOCK | 1.92K | $0 | Direct |
| Feb 17, 26 | EVANS LINDEN R Chief Executive Officer |
STOCK | 6.31K | $0 | Direct |
| Feb 12, 26 | NOONEY KIMBERLY F Officer |
STOCK | 2.01K | $146.86K | Direct |
| Feb 12, 26 | JONES MARNE M Officer |
STOCK | 835 | $61.13K | Direct |
| Feb 12, 26 | EVANS LINDEN R Chief Executive Officer |
STOCK | 9.04K | $661.53K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
EVANS LINDEN R |
Chief Executive Officer | 173.26K | Stock Gift |
GRANGER BARRY M. |
Director | 11.71K | Stock Award(Grant) |
JENSEN TONY ALAN |
Director | 18.12K | Stock Award(Grant) |
JONES MARNE M |
Officer | 38.67K | Stock Award(Grant) |
MCALLISTER KATHLEEN S. |
Director | 16.53K | Stock Award(Grant) |
MILLS STEVEN RICHARD |
Director | 29.62K | Stock Award(Grant) |
NOONEY KIMBERLY F |
Officer | 38.70K | Stock Award(Grant) |
OTTO ROBERT P. |
Director | 10.89K | Sale |
PROCHAZKA SCOTT M. |
Director | 11.71K | Stock Award(Grant) |
TAYLOR TERESA A |
Director | 13.64K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
73.31
-2.20% from price
SMA 20
73.07
-1.89% from price
SMA 50
73.69
-2.72% from price
SMA 100
73.62
-2.63% from price
SMA 200
72.46
-1.07% from price
EMA 12
73.11
-1.95% from price
EMA 26
73.35
-2.26% from price
EMA 50
73.45
-2.39% from price
RSI (14)
40.8
Neutral
MACD (12,26,9)
-0.23
Hist -0.08
ATR (14)
1.59
2.21% of price
Realised vol 30D
18.9%
Annualised
Bollinger upper
75.22
20, 2σ
Bollinger lower
70.93
20, 2σ
50 / 200 cross
Golden
73.69 vs 72.46
Trend bias
Below 200
-1.07%
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.05
Largely independent
Realised vol 30D
18.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-11.8%
Peak to trough
Max drawdown 5Y
-40.1%
Peak to trough
ATR 14
1.59
2.21% of price
Beta (reported)
0.70
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.11
Call-heavy session
Put / call open interest
0.34
Positioning, not flow
Max pain
70.00
-2.4% from spot
ATM implied vol
51.1%
Nearest strike to spot
Skew (10% OTM)
-30.7%
Calls bid over puts
Call volume
27
Contracts, this expiry
Put volume
3
Contracts, this expiry
Heaviest call OI
75.00
163 contracts
Heaviest put OI
70.00
67 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Black Hills Corp's Dividend Analysis
GuruFocus.com · 5d ago
Black Hills (BKH) Q2 2026 Earnings Call Transcript
Motley Fool · 10d ago
Black Hills (BKH) Posted Stronger Q2 Earnings, Is The Upside Already Priced In?
Simply Wall St. · 14d ago
Do Higher Earnings And A Steady Dividend Recast Black Hills' Capital Allocation Story (BKH)?
Simply Wall St. · 14d ago
Black Hills Q2 Earnings Call Highlights
MarketBeat · 15d ago
Black Hills Corp (BKH) (Q2 2026) Earnings Call Highlights: Reaffirms Guidance and Advances 3 GW ...
GuruFocus.com · 16d ago
Black Hills Corporation Q2 2026 Earnings Call Summary
Moby · 16d ago
Black Hills: Q2 Earnings Snapshot
Associated Press · 17d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.