Black Hills Corporation

Black Hills Corporation

BKHยทNYSE

$71.90

+0.60%
UtilitiesDiversified Utilities

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

At a Glance

Live Snapshot
Market Cap$5.47B
EPS3.9900
P/E Ratio18.02
Earnings Date07/29/2026
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Black Hills Corporation Street Expectations Map

BKH ยท NYSE

Wall Street analysts project that BKH stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 91.00, with estimates ranging from a low of 91.00 to a high of 91.00.

Lowest Target
91.00
26.56%
Consensus Target
91.00
26.56%
Highest Target
91.00
26.56%

The consensus 1-year price target stands at 91.00, with estimates ranging from a low of 91.00 to a high of 91.00.

Analyst Consensus Analysis

Upside Potential

+26.6%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Black Hills Corporation Forward Estimates of Revenue

BKH ยท NYSE
Latest Revenue
2.31B
FY 2025
Avg Estimate
2.40B
FY 2026
Estimate Range
2.40B - 2.40B
Analyst Spread

Forward Growth Analysis

Projected Growth+3.8%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Black Hills Corporation Forward Estimates of Net Income

BKH ยท NYSE
Latest Net Income
291.60M
FY 2025
Avg Estimate
302.55M
FY 2026
Estimate Range
301.50M - 303.60M
Analyst Spread

Forward Growth Analysis

Projected Growth+3.8%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Black Hills Corporation Forward Estimates of EPS

BKH ยท NYSE
Latest EPS
3.99
FY 2025
Avg Estimate
$4.33
FY 2026
Estimate Range
$4.31 - $4.34
Analyst Spread

Forward Growth Analysis

Projected Growth+8.6%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Black Hills Corporation Forward Estimates of EBIT

BKH ยท NYSE
Latest EBIT
543.60M
FY 2025
Avg Estimate
521.48M
FY 2026
Estimate Range
521.48M - 521.48M
Analyst Spread

Forward Growth Analysis

Projected Growth-4.1%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Black Hills Corporation Forward Estimates of EBITDA

BKH ยท NYSE
Latest EBITDA
827.40M
FY 2025
Avg Estimate
803.69M
FY 2026
Estimate Range
803.69M - 803.69M
Analyst Spread

Forward Growth Analysis

Projected Growth-2.9%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Black Hills Corporation Forward Estimates of SG&A Expense

BKH ยท NYSE
Latest SG&A Expense
0.00
FY 2025
Avg Estimate
0.00
FY 2026
Estimate Range
0.00 - 0.00
Analyst Spread

Forward Growth Analysis

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

OutlookCautious

Analyst skepticism evidentโ€”carefully evaluate risks before investment decisions.

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Black Hills Corporation Insider Positioning

BKH ยท NYSE

During the last 12 months, insiders have sold $1.33M worth of BKH shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

4.1K

304.97K

Net Activity

-305K

-$305K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

14.5K

1.03M

Net Activity

-1.0M

-$1.03M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
NKF

Nooney Kimberly F

Officer: Svp & Cfo

14.5K sharesโ€ข1 transactions

$1.03M

2
ORP

Otto Robert P

Director

4.1K sharesโ€ข1 transactions

$305K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.33M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$305K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Persistent selling pressure: Consistent insider selling with weak buy/sell ratio suggests insiders may be capitalizing on current valuation. Exercise caution and review recent earnings quality and management commentary.