Black Hills Corp (BKH) stock
BKHNYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/308% above fair value
$86.70−0.83 (-0.95%)
Close on Nov 13, 2026Market cap $6.61BP/E 20.8Yield 3.12%
Earnings
Black Hills's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 3, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$466.10M
+8.3% on a year earlier
Adjusted EPS, Q3 FY2026
$0.57
$0.45 a year earlier
Latest guidance
Issued
Nov 4, 2026 · 1 item
Quarterly results
Revenue and earnings per share from each of Black Hills's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 3, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Nov 4, 2026after the close | $466.10M | +8.3% | $0.54 | $0.57 | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 5, 2026after the close | $452.80M | +3.1% | $0.50 | $0.54 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026after the close | $780.70M | – | $1.73 | $1.79 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 4, 2026after the close | $635.50M | +6.4% | $1.39 | $1.41 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 5, 2025after the close | $430.20M | +7.1% | $0.34 | $0.45 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 30, 2025after the close | $439.00M | +9.0% | $0.38 | – | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025after the close | – | – | – | – | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 5, 2025after the close | $597.10M | +0.9% | $1.37 | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 6, 2024after the close | $401.60M | -1.4% | $0.35 | – | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 31, 2024after the close | $402.60M | -2.1% | $0.33 | – | Release |
| Q1 FY2024ended Mar 31, 2024 | May 8, 2024after the close | $726.40M | -21.1% | $1.87 | – | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 7, 2024after the close | $591.70M | -25.2% | $1.17 | – | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 1, 2023after the close | $407.10M | -12.0% | $0.67 | – | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 2, 2023after the close | $411.30M | -13.3% | $0.35 | – | Release |
| Q1 FY2023ended Mar 31, 2023 | May 3, 2023after the close | $921.20M | +11.9% | $1.73 | – | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 7, 2023after the close | $791.40M | +40.7% | $1.11 | – | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 2, 2022after the close | $462.60M | +21.5% | $0.54 | – | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 3, 2022after the close | $474.20M | – | $0.52 | – | Release |
| Q1 FY2022ended Mar 31, 2022 | May 4, 2022after the close | $823.60M | – | $1.82 | – | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 9, 2022after the close | $562.50M | – | $1.11 | $1.11 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 2, 2021after the close | $380.60M | – | $0.70 | $0.70 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 3, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 4, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 9, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 2, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Black Hills's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| adjusted EPSnon-GAAP | FY2026 | $4.25 – $4.45 | – | New | Nov 4, 2026 |
| adjusted EPSnon-GAAP | FY2026 | $4.25 – $4.45 | $4.25 – $4.45 | Reaffirmed | Aug 5, 2026 |
Guidance history
Every forecast Black Hills put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Nov 4, 2026 | adjusted EPS | FY2026 | $4.25 – $4.45 | New |
| Aug 5, 2026 | adjusted EPS | FY2026 | $4.25 – $4.45 | Reaffirmed |
| May 6, 2026 | adjusted EPS | FY2026 | $4.25 – $4.45 | Reaffirmed |
| Feb 4, 2026 | adjusted EPS | FY2026 | $4.25 – $4.45 | New |
| Nov 5, 2025 | adjusted earnings per share available for common stock | FY2025 | $4.00 – $4.20 | New |
| Jul 30, 2025 | earnings per share available for common stock | FY2025 | $4.00 – $4.20 | Reaffirmed |
| May 7, 2025 | earnings per share available for common stock | FY2025 | $4.00 – $4.20 | Reaffirmed |
| May 7, 2025 | effective tax rate | FY2025 | 13% | Reaffirmed |
| May 7, 2025 | Equity issuance | FY2025 | $215.00M – $235.00M | Reaffirmed |
| Feb 5, 2025 | capital forecast | FY2025 | $1.00B | New |
| Feb 5, 2025 | earnings per share available for common stock | FY2025 | $4.00 – $4.20 | New |
| Feb 5, 2025 | effective tax rate | FY2025 | 13% | New |
| Feb 5, 2025 | Equity issuance | FY2025 | $215.00M – $235.00M | New |
| Nov 6, 2024 | earnings per share available for common stock | FY2024 | $3.80 – $4.00 | Reaffirmed |
| Jul 31, 2024 | earnings per share available for common stock | FY2024 | $3.80 – $4.00 | Reaffirmed |
| May 8, 2024 | earnings per share available for common stock | FY2024 | $3.80 – $4.00 | New |
| Feb 7, 2024 | earnings per share available for common stock | FY2024 | $3.80 – $4.00 | New |
| Nov 1, 2023 | earnings per share available for common stock | FY2023 | $3.65 – $3.85 | Reaffirmed |
| Aug 2, 2023 | earnings per share available for common stock | FY2023 | $3.65 – $3.85 | Reaffirmed |
| May 3, 2023 | earnings per share available for common stock | FY2023 | $3.65 – $3.85 | New |
| Feb 7, 2023 | capital investment forecast | 2023 to 2027 | $3.50B | – |
| Feb 7, 2023 | Capital investment | FY2023 | $615.00M | New |
| Feb 7, 2023 | earnings per share available for common stock | FY2023 | $3.65 – $3.85 | Lowered |
| Feb 7, 2023 | Production tax credits | FY2023 | $20.00M | New |
| Feb 7, 2023 | Long-term EPS growth target | Long-term | +4% – +6% | – |
| Feb 7, 2023 | Equity issuance | FY2023 | $140.00M – $160.00M | Raised |
| Feb 7, 2023 | Interest expense | FY2023 | $180.00M – $185.00M | Raised |
| Feb 7, 2023 | Total operating expense | FY2023 | $600.00M – $610.00M | Raised |
| Nov 2, 2022 | earnings per share available for common stock | FY2022 | $3.95 – $4.15 | Reaffirmed |
| Nov 2, 2022 | earnings per share available for common stock | FY2023 | $4.00 – $4.20 | New |
| Aug 3, 2022 | earnings per share available for common stock | FY2022 | $3.95 – $4.15 | Reaffirmed |
| May 4, 2022 | earnings per share available for common stock | FY2022 | $3.95 – $4.15 | New |
| Feb 9, 2022 | earnings per share available for common stock | FY2022 | $3.95 – $4.15 | Reaffirmed |
| Feb 9, 2022 | earnings per share growth target | FY2023 | +5% – +7% | New |
| Nov 2, 2021 | earnings per share available for common stock | FY2021 | $3.85 – $4.00 | New |
| Nov 2, 2021 | earnings per share available for common stock | FY2022 | $3.95 – $4.15 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Black Hills filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- News
- News
- Results
- News
- News
- Results
- Update
- News
- News
- Results
- Results
- Results
- Results
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