Black Hills Corp (BKH) stock
Close on Nov 11, 2026Market cap $6.63BP/E 20.9Yield 3.11%
Black Hills Corp grew revenue 2.8% to $2.34B over the twelve months to Sep 30, 2026. Operating income rose 7.3% to $568.40M, moving the operating margin from 23.3% to 24.3%. Free cash flow was -$314.90M. At the latest close the market valued the company at $6.63B, 20.9 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $6.63B
- P/E ratio
- 20.9
- Price to sales
- 2.84
- Price to book
- 1.68
- Dividend yield
- 3.11%
- Free cash flow yield
- -4.75%
Fundamentals
- Revenue
- $2.34B
- Net income
- $315.20M
- EPS, diluted
- $4.16
- Free cash flow
- -$314.90M
- Book value per share
- $51.74
- Diluted shares
- 76M
Trading
- Next earnings
- Feb 3, 2027 (estimated, after the close)
- Previous close
- $87.04
- Open
- $87.00
- Day's range
- $85.83 – $87.15
- Volume
- 1,264,643
- Average volume (20 days)
- 1,331,151
- Index membership
- S&P MidCap 400, Russell 2000, Russell 3000
- Beta (5 years)
- 0.51
- 52-week range
- $67.25 – $87.42
- RSI (14 days)
- 82.3
- Volatility (1 year)
- 23.3%
- Relative volume
- 1.21×
- WACC
- 6.2%
On 2 of our idea lists: Dividend growers, Most shorted (a warning list)
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | BKH | S&P 500 | Difference | BKH per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +14.3% | -2.4% | +16.7 pts | ||
| 3 months | +19.8% | -1.2% | +21.0 pts | ||
| Year to date | +28.9% | +12.3% | +16.6 pts | ||
| 1 year | +25.5% | +12.4% | +13.1 pts | ||
| 3 years | +101.6% | +78.8% | +22.8 pts | +26.3% | +21.4% |
| 5 years | +62.6% | +75.2% | −12.6 pts | +10.2% | +11.9% |
| 10 years | +114.7% | +311.1% | −196.4 pts | +7.9% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Black Hills filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- News
- News
- Results
- News
About Black Hills
Electric Services
Black Hills Corporation is an American energy company that provides regulated electric and natural gas utility services through two primary operating segments: Electric Utilities and Gas Utilities. The Electric Utilities unit generates, transmits, and distributes electricity from coal, natural gas, and wind resources, supported by integrated power generation and an adjacent coal mining operation. The Gas Utilities segment conducts intrastate transmission, storage, gathering, and distribution of natural gas. The company serves retail customer categories that include residential, commercial, industrial, and municipal clients, alongside offering non-regulated home service plans and selling surplus power to other utilities and marketers.
Company profile, executives and historyBlack Hills stock: common questions
What is Black Hills's stock price?
BKH closed at $86.96 on Nov 11, 2026, down 0.09% on the day. Over the past 52 weeks it traded between $67.25 and $87.42.
What is Black Hills's market cap?
Black Hills was worth $6.63B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is BKH's P/E ratio?
BKH trades at 20.9 times earnings, based on diluted earnings per share of $4.16 over the twelve months to Sep 30, 2026.
How much revenue does Black Hills make?
Black Hills reported revenue of $2.34B for the twelve months to Sep 30, 2026, up 2.8% from a year earlier.
Does Black Hills pay a dividend?
Yes. Black Hills paid $2.70 per share over the last twelve months, a yield of 3.11% at the latest price, and has raised its annual dividend 16 years in a row.
When does Black Hills report earnings next?
Black Hills is expected to report Q4 FY2026 results on Feb 3, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has BKH stock performed over the past year?
Including dividends, BKH returned +25.5% over the past year, against +12.4% for the S&P 500.
How many BKH shares are sold short?
13M shares were sold short at the latest FINRA report, 16.87% of the float, or 11.1 days of average trading volume.
Who are Black Hills's competitors?
Companies most similar to Black Hills by business, industry and size include TXNM, IDA, OGE, TLN, CWEN.
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