Black Hills Corporation (BKH)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,697 | 1,949 | 2,552 | 2,331 | 2,128 | 2,310 | 2,299 | 2,484 |
| Operating profit | $m | 538 | 547 | ||||||
| Net profit | $m | 228 | 237 | 258 | 262 | 273 | 292 | 299 | 289 |
| EPS reported | $ | 3.98 | 3.96 | ||||||
| Operating cashflow per share | $ | 9.22 | 8.28 | ||||||
| Capex per share | $ | 11.23 | 12.30 | ||||||
| FCF per share | $ | -2.01 | -4.02 | ||||||
| Free cash flow | $m | -146 | -305 | ||||||
| Net debt | $m | 4,518 | 4,422 | ||||||
| Book value equity | $m | 3,824 | 3,943 | ||||||
| Book value per share | $ | 52.23 | 51.82 | ||||||
| Number of shares | m | 73.2 | 76.1 | ||||||
| DPS (TTM paid) | $ | 2.70 | 2.79 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 17.44 | 17.79 | ||||||
| P/B LTM | x | 1.33 | 1.29 | ||||||
| P/S LTM | x | 2.19 | 2.20 | ||||||
| P/FCF LTM | x | -34.62 | -16.60 | ||||||
| EV/EBITDA LTM | x | 11.59 | 12.39 | ||||||
| EV/Sales LTM | x | 4.15 | 4.35 | ||||||
| Earnings Yield LTM | % | +5.73% | +5.62% | ||||||
| FCF Yield | % | -2.89% | -6.02% | ||||||
| Quality | |||||||||
| ROE | % | +7.63% | +7.73% | ||||||
| ROIC | % | +4.63% | +4.73% | ||||||
| Operating margin | % | +23.27% | +23.79% | ||||||
| Gross margin | % | +38.47% | +42.92% | ||||||
| FCF/Sales | % | -6.34% | -13.27% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +1.79% | +1.28% | ||||||
| Sales Growth YoY | % | +8.57% | +8.06% | ||||||
| Net Income Growth YoY | % | +6.77% | +9.48% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | +6.84% | +8.73% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.91% | +3.80% | ||||||
| Dividend Growth | % | +4.00% | +7.12% | ||||||
| Payout Ratio | % | +67.93% | +69.66% | ||||||
| FCF/Debt | x | -0.03 | -0.07 | ||||||
| Net Debt/EBITDA | x | 5.46 | 5.72 | ||||||
| EBIT/Net interest | x | 2.60 | 2.62 | ||||||
| Net debt/market cap | % | +92.77% | +80.63% | ||||||
| Net debt/Equity | x | 1.18 | 1.12 | ||||||
| Gross debt/equity | x | 1.23 | 1.14 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
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