Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
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The chart shows the growth of an initial investment of $10,000 in Black Hills Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Black Hills Corporation (BKH) has returned 2.25% so far this year and 25.01% over the past 12 months. Looking at the last ten years, BKH has achieved an annualized return of 1.57%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Black Hills Corporation (BKH) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.36% | 0.55% | -5.42% | 2.28% | ||||||||
| 2025 | -0.37% | 5.12% | -0.41% | 0.88% | -3.75% | -3.51% | 3.29% | 3.12% | 3.60% | 2.90% | 16.96% | -5.10% |
| 2024 | -3.56% | 0.76% | 5.20% | 0.46% | 2.52% | -3.87% | 8.35% | 1.42% | 3.70% | -3.21% | 8.01% | -8.69% |
| 2023 | 2.22% | -14.73% | 3.26% | 3.50% | -6.53% | -1.54% | 0.33% | -9.02% | -8.60% | -4.03% | 6.52% | 4.68% |
| 2022 | -4.17% | 3.80% | 10.36% | -4.81% | 4.09% | -5.07% | 4.86% | -1.97% | -10.27% | -5.34% | 9.41% | -3.01% |
| 2021 | -4.04% | -0.19% | 11.04% | 3.54% | -5.11% | -0.52% | 2.64% | 3.46% | -11.00% | 4.97% | -3.84% | 8.82% |
| 2020 | 5.57% | -13.05% | -11.85% | 0.68% | 1.80% | -8.18% | 2.41% | -3.44% | -3.97% | 6.09% | 6.70% | -0.16% |
| 2019 | 8.36% | 4.80% | 4.18% | -1.86% | 4.84% | 2.34% | 1.25% | -3.06% | -0.03% | 2.74% | -3.05% | 2.95% |
| 2018 | -7.59% | -8.52% | 6.87% | 4.27% | 2.47% | 5.37% | -1.90% | -1.46% | -1.43% | 2.60% | 10.98% | -4.94% |
| 2017 | 1.71% | 4.09% | 3.17% | 2.72% | 2.07% | -2.71% | 2.88% | 0.76% | -2.59% | -5.13% | -10.92% | 2.70% |
| 2016 | 1.35% | 0.25% | 4.60% | -0.79% | -7.22% | 4.44% | 1.33% | -4.78% | 5.16% |
The charts below present risk-adjusted performance metrics for Black Hills Corporation (BKH) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of BKH compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Black Hills Corporation volatility is 1.41%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 10.87B | 10.02B | 9.62B | 9.62B | 9.13B | 8.09B | 7.56B | 6.96B | 6.66B | 6.52B | 4.66B | 4.28B | 3.88B | 3.73B | 4.13B |
| Temporary Equity (USD) | - | - | - | - | - | - | - | - | - | 4.30M | - | - | - | - | - |
| Equity Attributable To Parent (USD) | 3.82B | 3.50B | 3.22B | 2.99B | 2.79B | 2.56B | 2.36B | 2.18B | 1.71B | 1.61B | 1.47B | 1.38B | 1.31B | 1.23B | 1.21B |
| Equity Attributable To Noncontrolling Interest (USD) | 82.10M | 83.70M | 90.50M | 94.98M | 100.03M | 101.26M | 101.95M | 105.84M | 111.23M | 115.50M | - | - | - | - | - |
| Equity (USD) | 3.91B | 3.59B | 3.31B | 3.09B | 2.89B | 2.66B | 2.46B | 2.29B | 1.82B | 1.73B | 1.47B | 1.38B | 1.31B | 1.23B | 1.21B |
| Redeemable Noncontrolling Interest, Other (USD) | - | - | - | - | - | - | - | - | - | 4.30M | - | - | - | - | - |
| Redeemable Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | 4.30M | - | - | - | - | - |
| Long-term Debt (USD) | - | - | - | - | - | - | - | - | - | - | 1.87B | 1.54B | 1.40B | 1.04B | 1.28B |
| Noncurrent Liabilities (USD) | 6.22B | 5.67B | 5.13B | 4.86B | 5.34B | 4.73B | 4.28B | 1.08B | 1.08B | 1.04B | 900.74M | 984.91M | 792.09M | 823.20M | 759.27M |
| Other Current Liabilities (USD) | 335.50M | 448.80M | 923.90M | 1.29B | 609.57M | 435.39M | 554.93M | 373.88M | 435.75M | 317.53M | 273.22M | 527.14M | 247.98M | 650.47M | 773.32M |
| Wages (USD) | 92.80M | 85.50M | 74.80M | 62.89M | 74.39M | 77.81M | 62.84M | 63.74M | 52.47M | 56.93M | 43.34M | - | - | - | - |
| Accounts Payable (USD) | 311.70M | 229.10M | 186.40M | 310.02M | 217.76M | 183.34M | 193.52M | 210.61M | 160.89M | 153.48M | 105.47M | 124.14M | 130.42M | 84.42M | 104.75M |
| Current Liabilities (USD) | 740.00M | 763.40M | 1.19B | 1.67B | 901.71M | 696.53M | 811.29M | 648.23M | 649.10M | 527.93M | 422.03M | 651.28M | 378.39M | 734.89M | 878.07M |
| Liabilities (USD) | 6.96B | 6.44B | 6.31B | 6.53B | 6.24B | 5.43B | 5.09B | 4.68B | 4.84B | 4.79B | 3.19B | 2.90B | 2.57B | 2.50B | 2.92B |
| Other Non-current Assets (USD) | 1.63B | 1.64B | 1.67B | 1.74B | 1.86B | 1.56B | 1.57B | 1.59B | 1.54B | - | - | - | - | - | - |
| Intangible Assets (USD) | 6.40M | 7.60M | 8.40M | 9.59M | 10.77M | 11.94M | 13.27M | 14.34M | 7.56M | 8.39M | 3.38M | 3.18M | 3.40M | 3.62M | 3.84M |
| Fixed Assets (USD) | 8.23B | 7.63B | 7.12B | 6.80B | 6.45B | 6.02B | 5.50B | 4.85B | 4.54B | 4.47B | 3.26B | 3.24B | 2.99B | 2.74B | 2.79B |
| Noncurrent Assets (USD) | 9.87B | 9.28B | 8.79B | 8.55B | 8.32B | 7.60B | 7.09B | 6.46B | 6.09B | 1.57B | 562.27M | 569.10M | 522.90M | 565.21M | 561.33M |
| Other Current Assets (USD) | 823.50M | 588.40M | 665.70M | 864.29M | 657.15M | 375.89M | 356.01M | 386.53M | 457.50M | 359.60M | 735.21M | 362.85M | 256.81M | 327.46M | 674.86M |
| Inventory (USD) | 172.40M | 153.90M | 160.90M | 207.42M | 150.98M | 117.40M | 117.17M | 117.30M | 113.28M | 107.21M | 86.94M | 91.19M | 88.48M | 77.64M | 84.06M |
| Current Assets (USD) | 995.90M | 742.30M | 826.60M | 1.07B | 808.13M | 493.29M | 473.18M | 503.83M | 570.78M | 466.81M | 822.15M | 454.04M | 345.29M | 405.11M | 758.92M |
| Assets (USD) | 10.87B | 10.02B | 9.62B | 9.62B | 9.13B | 8.09B | 7.56B | 6.96B | 6.66B | 6.52B | 4.66B | 4.28B | 3.88B | 3.73B | 4.13B |
Black Hills Corp. (NYSE:BKH) and NorthWestern Energy (NASDAQ:NWE) shareholders have approved an all-stock merger that will create Bright Horizon Energy Corporation, a regional regulated energy company serving customers across eight states. The merger, announced in August 2025, is expected to close in the second half of 2026, pending federal and state regulatory approvals.
Halper Sadeh LLC, an investor rights law firm, is investigating three companies for potential securities law violations and breaches of fiduciary duties. Black Hills Corp. is merging with NorthWestern Energy Group, Clearwater Analytics is being sold to Permira and Warburg Pincus for $24.55 per share, and European Wax Center is being sold to General Atlantic for $5.80 per share. The firm is seeking increased consideration and additional disclosures on behalf of shareholders.
Black Hills Corp. (NYSE:BKH) announced a quarterly dividend increase to $0.703 per share, up $0.027 from the previous quarter. The increase marks the company's 56th consecutive year of annual dividend increases, the second-longest streak in the electric and natural gas utility industry. The company has paid annual dividends for 84 consecutive years.
Black Hills Corp. has filed a rate review application with the Arkansas Public Service Commission seeking $29.4 million in new annual revenue to recover infrastructure and operational costs for its natural gas utility serving 189,000 customers.
Black Hills Corp. declared a quarterly dividend of $0.676 per share, payable on Dec. 1, 2025, for shareholders of record as of Nov. 17, 2025. The company will also release its Q3 2025 earnings and host a conference call on Nov. 6, 2025.
Black Hills Corp. announced a quarterly dividend of $0.676 per share, payable on Dec. 1, 2025, and scheduled its third-quarter 2025 earnings release and conference call for early November.
Three high-yield dividend stocks are recommended for retirement funding: Black Hills, MPLX, and Brookfield Renewable, each offering attractive dividend yields and growth potential in utility, midstream energy, and renewable energy sectors.
Black Hills and NorthWestern Energy announced an all-stock merger creating a $7.8 billion regulated utility company serving 2.1 million customers across eight states, with plans to enhance infrastructure and investment capabilities.
The utility sector presents promising long-term investment opportunities, with electricity demand expected to rise significantly by 2050. Three key investment options include a utility ETF, a renewable energy leader, and a consistent dividend-paying utility company.
Black Hills Corp. announced its quarterly dividend of $0.676 per share, payable on Sept. 2, 2025, and will release its 2025 second-quarter earnings on July 30, 2025, followed by a conference call and webcast on July 31, 2025.