Black Hills (BKH) Stock: Charts & Financials

Black Hills Corporation (BKH)BKHBlack Hills Corporation

About Black Hills Corporation

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.

Rapid City, SD

2,795 employees

ir.blackhillscorp.com

Utilities / Regulated Gas

Sector: Utilities
Industry: Regulated Gas
CEO: Linden R. Evans

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	788.20M	788.20M	995.90M	667.60M	608.40M	708.10M	742.30M	599.50M	1.17B
Cash & Cash Equivalents	31.40M	31.40M	182.80M	21.10M	8.10M	6.60M	16.10M	12.50M	624.80M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	31.40M	31.40M	182.80M	21.10M	8.10M	6.60M	16.10M	12.50M	624.80M
Accounts Receivable	406.00M	406.00M	432.30M	272.40M	281.70M	397.60M	371.00M	225.30M	241.30M
Inventory	146.80M	146.80M	172.40M	173.00M	145.20M	128.10M	153.90M	155.40M	134.80M
Total Assets	10.82B	10.82B	10.87B	10.33B	10.09B	10.06B	10.02B	9.72B	10.19B
Property, Plant & Equipment	8.39B	8.39B	8.23B	8.03B	7.86B	7.72B	7.63B	7.47B	7.36B
Goodwill	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B
Intangible Assets	5.80M	5.80M	6.40M	6.70M	7.00M	7.30M	7.60M	7.90M	8.10M
Long-Term Investments	0.00	0.00	2.00M	5.20M	300K	100K	2.20M	0.00	0.00
Total Current Liabilities	1.22B	1.22B	740.00M	734.60M	953.90M	928.90M	763.40M	536.20M	1.11B
Accounts Payable	210.80M	210.80M	311.70M	219.10M	180.80M	216.80M	229.10M	136.30M	155.20M
Short-Term Debt	662.20M	662.20M	0.00	126.00M	423.70M	359.90M	133.80M	17.50M	600.00M
Total Liabilities	6.79B	6.79B	6.96B	6.48B	6.37B	6.34B	6.44B	6.19B	6.74B
Long-Term Debt	3.99B	3.99B	4.70B	4.25B	3.95B	3.95B	4.25B	4.25B	4.25B
Total Debt	4.65B	4.65B	4.70B	4.38B	4.38B	4.31B	4.38B	4.27B	4.85B
Net Debt (Cash)	4.62B	4.62B	4.52B	4.35B	4.37B	4.30B	4.37B	4.25B	4.22B
Total Shareholders' Equity	3.95B	3.95B	3.82B	3.77B	3.64B	3.64B	3.50B	3.45B	3.36B
Common Stock	76.20M	76.20M	75.50M	75.50M	72.90M	72.50M	71.70M	71.70M	69.70M
Retained Earnings	1.42B	1.42B	1.34B	1.29B	1.31B	1.33B	1.25B	1.20B	1.22B
Current Ratio	0.65	0.65	1.35	0.91	0.64	0.76	0.97	1.12	1.06
Debt to Equity Ratio	1.18	1.18	1.23	1.16	1.20	1.19	1.25	1.24	1.44

Quarterly Report

TTM

Quarter ended Mar 2026

Quarter ended Dec 2025

Quarter ended Sep 2025

Quarter ended Jun 2025

Quarter ended Mar 2025

Quarter ended Dec 2024

Quarter ended Sep 2024

Quarter ended Jun 2024

Total Current Assets

788.20M

995.90M

667.60M

608.40M

708.10M

742.30M

599.50M

1.17B

Cash & Cash Equivalents

31.40M

182.80M

21.10M

8.10M

6.60M

16.10M

12.50M

624.80M

Short-Term Investments

0.00

Cash & Short-Term Investments

31.40M

182.80M

21.10M

8.10M

6.60M

16.10M

12.50M

624.80M

Accounts Receivable

406.00M

432.30M

272.40M

281.70M

397.60M

371.00M

225.30M

241.30M

Inventory

146.80M

172.40M

173.00M

145.20M

128.10M

153.90M

155.40M

134.80M

Total Assets

10.82B

10.87B

10.33B

10.09B

10.06B

10.02B

9.72B

10.19B

Property, Plant & Equipment

8.39B

8.23B

8.03B

7.86B

7.72B

7.63B

7.47B

7.36B

Goodwill

1.30B

Intangible Assets

5.80M

6.40M

6.70M

7.00M

7.30M

7.60M

7.90M

8.10M

Long-Term Investments

0.00

2.00M

5.20M

300K

100K

2.20M

0.00

Total Current Liabilities

1.22B

740.00M

734.60M

953.90M

928.90M

763.40M

536.20M

1.11B

Accounts Payable

210.80M

311.70M

219.10M

180.80M

216.80M

229.10M

136.30M

155.20M

Short-Term Debt

662.20M

0.00

126.00M

423.70M

359.90M

133.80M

17.50M

600.00M

Total Liabilities

6.79B

6.96B

6.48B

6.37B

6.34B

6.44B

6.19B

6.74B

Long-Term Debt

3.99B

4.70B

4.25B

3.95B

4.25B

Total Debt

4.65B

4.70B

4.38B

4.31B

4.38B

4.27B

4.85B

Net Debt (Cash)

4.62B

4.52B

4.35B

4.37B

4.30B

4.37B

4.25B

4.22B

Total Shareholders' Equity

3.95B

3.82B

3.77B

3.64B

3.50B

3.45B

3.36B

Common Stock

76.20M

75.50M

72.90M

72.50M

71.70M

69.70M

Retained Earnings

1.42B

1.34B

1.29B

1.31B

1.33B

1.25B

1.20B

1.22B

Current Ratio

0.65

1.35

0.91

0.64

0.76

0.97

1.12

1.06

Debt to Equity Ratio

1.18

1.23

1.16

1.20

1.19

1.25

1.24

1.44

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	995.90M	742.30M	826.60M	1.07B	808.13M	493.29M	473.18M	503.83M
Cash & Cash Equivalents	182.80M	16.10M	86.60M	21.40M	8.92M	6.36M	9.78M	20.78M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	182.80M	16.10M	86.60M	21.40M	8.92M	6.36M	9.78M	20.78M
Accounts Receivable	412.30M	371.00M	368.80M	525.80M	339.67M	285.41M	272.25M	282.13M
Inventory	172.40M	153.90M	160.90M	207.40M	150.98M	117.40M	117.17M	117.30M
Total Assets	10.87B	10.02B	9.62B	9.62B	9.13B	8.09B	7.56B	6.96B
Property, Plant & Equipment	8.23B	7.63B	7.12B	6.80B	6.45B	6.02B	5.50B	4.85B
Goodwill	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B	1.30B
Intangible Assets	6.40M	7.60M	8.40M	9.60M	10.77M	11.94M	13.27M	14.34M
Long-Term Investments	2.00M	2.20M	0.00	0.00	0.00	0.00	21.93M	41.01M
Total Current Liabilities	740.00M	763.40M	1.19B	1.67B	901.71M	696.53M	811.29M	648.23M
Accounts Payable	311.70M	229.10M	186.40M	310.00M	217.76M	183.34M	193.52M	210.61M
Short-Term Debt	0.00	133.80M	600.00M	1.06B	420.18M	242.48M	355.24M	191.36M
Total Liabilities	6.96B	6.44B	6.31B	6.53B	6.24B	5.43B	5.09B	4.68B
Long-Term Debt	4.70B	4.25B	3.80B	3.61B	4.13B	3.53B	3.14B	2.95B
Total Debt	4.70B	4.38B	4.40B	4.67B	4.55B	3.77B	3.50B	3.14B
Net Debt (Cash)	4.52B	4.37B	4.31B	4.65B	4.54B	3.76B	3.49B	3.12B
Total Shareholders' Equity	3.82B	3.50B	3.22B	2.99B	2.79B	2.56B	2.36B	2.18B
Common Stock	75.50M	71.70M	68.30M	66.10M	64.79M	62.83M	61.48M	60.05M
Retained Earnings	1.34B	1.25B	1.16B	1.06B	962.46M	870.74M	778.78M	700.40M
Current Ratio	1.35	0.97	0.70	0.64	0.90	0.71	0.58	0.78
Debt to Equity Ratio	1.23	1.25	1.37	1.56	1.63	1.47	1.48	1.44

Annual Report

12/31/2025

12/31/2024

12/31/2023

12/31/2022

12/31/2021

12/31/2020

12/31/2019

12/31/2018

Total Current Assets

995.90M

742.30M

826.60M

1.07B

808.13M

493.29M

473.18M

503.83M

Cash & Cash Equivalents

182.80M

16.10M

86.60M

21.40M

8.92M

6.36M

9.78M

20.78M

Short-Term Investments

0.00

Cash & Short-Term Investments

182.80M

16.10M

86.60M

21.40M

8.92M

6.36M

9.78M

20.78M

Accounts Receivable

412.30M

371.00M

368.80M

525.80M

339.67M

285.41M

272.25M

282.13M

Inventory

172.40M

153.90M

160.90M

207.40M

150.98M

117.40M

117.17M

117.30M

Total Assets

10.87B

10.02B

9.62B

9.13B

8.09B

7.56B

6.96B

Property, Plant & Equipment

8.23B

7.63B

7.12B

6.80B

6.45B

6.02B

5.50B

4.85B

Goodwill

1.30B

Intangible Assets

6.40M

7.60M

8.40M

9.60M

10.77M

11.94M

13.27M

14.34M

Long-Term Investments

2.00M

2.20M

0.00

21.93M

41.01M

Total Current Liabilities

740.00M

763.40M

1.19B

1.67B

901.71M

696.53M

811.29M

648.23M

Accounts Payable

311.70M

229.10M

186.40M

310.00M

217.76M

183.34M

193.52M

210.61M

Short-Term Debt

0.00

133.80M

600.00M

1.06B

420.18M

242.48M

355.24M

191.36M

Total Liabilities

6.96B

6.44B

6.31B

6.53B

6.24B

5.43B

5.09B

4.68B

Long-Term Debt

4.70B

4.25B

3.80B

3.61B

4.13B

3.53B

3.14B

2.95B

Total Debt

4.70B

4.38B

4.40B

4.67B

4.55B

3.77B

3.50B

3.14B

Net Debt (Cash)

4.52B

4.37B

4.31B

4.65B

4.54B

3.76B

3.49B

3.12B

Total Shareholders' Equity

3.82B

3.50B

3.22B

2.99B

2.79B

2.56B

2.36B

2.18B

Common Stock

75.50M

71.70M

68.30M

66.10M

64.79M

62.83M

61.48M

60.05M

Retained Earnings

1.34B

1.25B

1.16B

1.06B

962.46M

870.74M

778.78M

700.40M

Current Ratio

1.35

0.97

0.70

0.64

0.90

0.71

0.58

0.78

Debt to Equity Ratio

1.23

1.25

1.37

1.56

1.63

1.47

1.48

1.44

Balance Sheet

Quarterly Balance Sheet (USD)

Annual Balance Sheet (USD)