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
3Y+13.0%
5Y+34.0%
10Y+67.0%
3Y+7.0%
5Y+28.0%
10Y+46.0%
3Y+26.0%
5Y+47.0%
10Y+126.0%
bkh

Black Hills Corporation Funding & Solvency Profile

BKH ยท NYSE
Cash & Cash Equivalents182.80M
Net Receivables412.30M
Inventory172.40M
Other Current Assets228.40M
Total Current Assets996 M
Property, Plant & Equipment8.23B
Goodwill & Intangible Assets1.31B
Long-Term Investments2.00M
Other Non-Current Assets331.80M
Total Non-Current Assets9 B
Total Assets
10.87B

Financial Health Analysis

Current Ratio

1.35x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.78x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

256 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

9% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Black Hills Corporation Balance Sheet

BKH โ€ข NYSE

Black Hills Corporation Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
182.8M
16.1M
86.6M
21.4M
8.9M
6.4M
9.8M
20.8M
15.4M
13.6M
456.5M
21.2M
7.8M
15.5M
21.6M
32.4M
112.9M
168.5M
86.4M
36.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
56.6M
37.7M
0.0
0.0
0.0
182.8M
16.1M
86.6M
21.4M
8.9M
6.4M
9.8M
20.8M
15.4M
13.6M
456.5M
21.2M
7.8M
15.5M
21.6M
89M
150.6M
168.5M
86.4M
36.9M
412.3M
371M
368.8M
525.8M
339.7M
285.4M
272.3M
282.1M
248.3M
259.3M
147.9M
192M
179M
163.7M
166.1M
328.8M
276.5M
377.7M
291.2M
263.1M
220.9M
201.5M
196.3M
264.6M
178.9M
146.9M
144.7M
269.2M
248.3M
259.3M
147.5M
190M
177.6M
163.7M
156.8M
171.8M
274.5M
357.4M
268.5M
263.1M
191.4M
169.5M
172.5M
261.2M
160.8M
138.5M
127.5M
13M
0.0
0.0
368K
2.1M
1.5M
0.0
9.3M
0.0
2M
20.3M
0.0
0.0
172.4M
153.9M
160.9M
207.4M
151M
117.4M
117.2M
117.3M
113.3M
107.2M
86.9M
91.2M
88.5M
77.6M
84.1M
139.7M
123.3M
118M
96M
92.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-2.3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
73.1M
0.0
0.0
228.4M
201.3M
210.3M
317.1M
308.6M
84.1M
74M
83.6M
193.7M
90.4M
129.1M
149.6M
69.9M
148.3M
459.3M
309.6M
56.9M
62.3M
57.3M
81.9M
995.9M
742.3M
826.6M
1.1B
808.1M
493.3M
473.2M
503.8M
570.8M
466.8M
822.2M
454M
345.3M
405.1M
758.9M
670.9M
624.9M
799.5M
530.9M
474.5M
NON-CURRENT ASSETS
8.2B
7.6B
7.1B
6.8B
6.4B
6B
5.5B
4.9B
4.5B
4.5B
3.3B
3.2B
3B
2.7B
2.8B
2.5B
2.2B
2B
1.8B
1.6B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
359.8M
353.4M
353.4M
353.4M
353.4M
354.8M
353.7M
359.3M
29.6M
30.6M
6.4M
7.6M
8.4M
9.6M
10.8M
11.9M
13.3M
14.3M
7.6M
8.4M
3.4M
3.2M
3.4M
3.6M
3.8M
4.1M
4.3M
4.9M
21M
24.4M
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
1.3B
363.1M
356.6M
356.8M
357M
357.2M
358.9M
358M
194M
67.8M
55M
2M
2.2M
0.0
0.0
0.0
0.0
21.9M
41M
13.1M
12.6M
12M
17.3M
16.7M
16.4M
17.3M
17.8M
18.5M
23M
19M
24M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
311.3M
336.5M
535.6M
450.6M
523.7M
68M
385.9M
37M
17.1M
4.5M
10.2M
4.5M
1.2M
331.8M
341.1M
366.6M
439.4M
564.4M
264.4M
247.4M
-61.5M
-109.9M
-276.4M
-251.4M
-311.2M
98.1M
-177.7M
167.1M
151.4M
151M
330.9M
27.1M
43.6M
9.9B
9.3B
8.8B
8.5B
8.3B
7.6B
7.1B
6.5B
6.1B
6B
3.8B
3.8B
3.5B
3.3B
3.4B
3B
2.7B
2.6B
1.9B
1.8B
0.0
0.0
0.0
100K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.9B
10B
9.6B
9.6B
9.1B
8.1B
7.6B
7B
6.7B
6.5B
4.7B
4.3B
3.9B
3.7B
4.1B
3.7B
3.3B
3.4B
2.5B
2.2B
LIABILITIES
CURRENT LIABILITIES
366.5M
283.8M
239.1M
362.4M
268.6M
230.4M
238.1M
210.6M
160.9M
164.7M
89.8M
124.1M
130.4M
89.4M
104.7M
146.6M
229.4M
288.9M
239.2M
224M
311.7M
229.1M
186.4M
310M
217.8M
183.3M
193.5M
210.6M
160.9M
152.1M
89.8M
124.1M
130.4M
84.4M
104.7M
146.6M
229.4M
288.9M
239.2M
224M
54.8M
54.7M
52.7M
52.4M
50.9M
47.1M
44.5M
0.0
0.0
12.6M
0.0
0.0
0.0
4.9M
0.0
0.0
0.0
0.0
0.0
0.0
116M
106.4M
89.8M
80.5M
70.7M
66.5M
64.7M
170.4M
173.5M
54.6M
43.3M
144M
151.3M
154.4M
151.3M
151M
151.5M
134.9M
232.4M
142.4M
0.0
133.8M
600M
1.1B
420.2M
242.5M
355.2M
191.4M
217M
102.3M
76.8M
350M
82.5M
381M
347.5M
254.2M
199.7M
705.9M
167.3M
162.6M
0.0
54.7M
52.7M
52.4M
50.9M
47.1M
44.5M
42.5M
43.1M
52.6M
32.4M
0.0
0.0
4.9M
0.0
779K
0.0
0.0
833K
19.6M
59M
55.6M
76M
47.7M
48.8M
52.2M
54.7M
43.6M
44.4M
51.6M
53.5M
170.1M
151.3M
159.3M
151.3M
171.1M
151.5M
0.0
0.0
0.0
198.5M
183.8M
180.2M
115.5M
93.4M
104.9M
98.6M
75.8M
97.7M
206.4M
196.4M
7M
14.2M
110.2M
274.5M
235.7M
64.3M
123.9M
0.0
0.0
740M
763.4M
1.2B
1.7B
901.7M
696.5M
811.3M
648.2M
649.1M
527.9M
422M
651.3M
378.4M
734.9M
878.1M
787.4M
644.9M
1.3B
581M
529M
NON-CURRENT LIABILITIES
4.7B
4.3B
3.8B
3.6B
4.1B
3.5B
3.1B
3B
3.1B
3.2B
1.9B
1.3B
1.4B
938.9M
1.3B
1.2B
1B
501.3M
503.3M
628.3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
656.1M
637.9M
371.9M
294.8M
306.8M
226.5M
312M
-29.5M
0.0
0.0
0.0
0.0
0.0
697.9M
625.1M
548M
508.9M
465.4M
408.6M
360.7M
311.3M
336.5M
535.6M
450.6M
523.7M
432.3M
385.9M
29.5M
277.1M
262M
223.6M
207.7M
174.3M
825.1M
798.7M
780.3M
745.4M
750.7M
792.9M
782.3M
765.5M
743.7M
1B
437M
461.2M
792.1M
437.3M
759.3M
360.6M
310.1M
-724.9M
-711M
-802.7M
6.2B
5.7B
5.1B
4.9B
5.3B
4.7B
4.3B
4B
4.2B
4.3B
2.8B
2.3B
2.2B
1.8B
2B
1.8B
1.6B
1.1B
922M
925.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-20K
-5.1M
-5.1M
7B
6.4B
6.3B
6.5B
6.2B
5.4B
5.1B
4.7B
4.8B
4.8B
3.2B
2.9B
2.6B
2.5B
2.9B
2.6B
2.2B
2.3B
1.5B
1.4B
SHAREHOLDERS' EQUITY
-2.6M
-3.3M
-4.1M
-2.4M
-3.5M
-2.1M
-267K
-2.5M
-2.3M
-791K
-1.9M
-1.9M
-2M
-2.2M
-970K
-309K
-224K
-1.4M
-1.3M
-920K
75.5M
71.7M
68.3M
66.1M
64.8M
62.8M
61.5M
60M
53.6M
53.4M
51.2M
44.7M
44.6M
44.3M
44M
39.3M
39M
38.7M
37.8M
33.4M
2.4B
2.2B
2B
1.9B
1.8B
1.7B
1.6B
1.5B
1.2B
1.1B
953M
748.8M
742.3M
733.1M
722.6M
598.8M
591.4M
584.6M
560.5M
409.8M
1.3B
1.2B
1.2B
1.1B
962.5M
870.7M
778.8M
700.4M
548.6M
457.9M
472.5M
599.4M
540.2M
492.9M
476.6M
486.1M
473.9M
447.5M
397.4M
348.2M
-9.7M
-9.4M
-14.8M
-15.6M
-20.1M
-27.3M
-30.7M
-26.9M
-41.2M
-34.9M
-9.1M
-15M
-17.4M
-35.5M
-32.9M
-23.6M
-19.2M
-18.8M
-24.5M
-515K
3.8B
3.5B
3.2B
3B
2.8B
2.6B
2.4B
2.2B
1.7B
1.6B
1.5B
1.4B
1.3B
1.2B
1.2B
1.1B
1.1B
1.1B
969.9M
790M
3.9B
3.6B
3.3B
3.1B
2.9B
2.7B
2.5B
2.3B
1.8B
1.7B
1.5B
1.4B
1.3B
1.2B
1.2B
1.1B
1.1B
1.1B
975M
795.2M
82.1M
83.7M
90.5M
95M
100M
101.3M
101.9M
105.8M
111.2M
115.5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5.2M
5.2M
SUMMARY
10.9B
10B
9.6B
9.6B
9.1B
8.1B
7.6B
7B
6.7B
6.5B
4.7B
4.3B
3.9B
3.7B
4.1B
3.7B
3.3B
3.4B
2.5B
2.2B
2M
2.2M
0.0
0.0
0.0
0.0
21.9M
41M
13.1M
12.6M
12M
17.3M
16.7M
16.4M
17.3M
74.4M
56.3M
23M
19M
24M
4.7B
4.4B
4.4B
4.7B
4.5B
3.8B
3.5B
3.1B
3.3B
3.3B
1.9B
1.6B
1.5B
1.3B
1.6B
1.4B
1.2B
1.2B
744.6M
790.9M
4.5B
4.4B
4.3B
4.6B
4.5B
3.8B
3.5B
3.1B
3.3B
3.3B
1.5B
1.6B
1.5B
1.3B
1.6B
1.4B
1.1B
1B
658.2M
754M
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738
72,125,738

SEC Filings

BKH - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 15, 2026
May 15, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
April 29, 2026
2026
8-K

8-K 2026

N/A

April 02, 2026
April 02, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 18, 2026
April 29, 2026
2026
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
10-K

10-K 2025 FY

FY

February 11, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
S-4

S-4

N/A

January 30, 2026
January 30, 2026
ย 
Showing 1 to 10 of 464 filings