Electric Services · SIC 4911

BLACK HILLS CORP /SD/

BKH

Watch

Latest revenue

$780.7M

as of 2026-03-31

Latest net income

$131.0M

as of 2026-03-31

Net margin

16.8%

as of 2026-03-31

Price · 5Y

+6.7% / yr 7.1 pts / yr vs S&P 500 38.1% total
Compare:

Live market

delayed ≤15 min
$74.29
0.18%
Market cap
$5.66B
Enterprise value
$5.66B
P/E (trailing)
19.4×
Forward P/E
P/B
Dividend yield
3.7%
52-wk high
$78.69
52-wk low
$55.48
Beta
Shares out
76.1M

5-year trend

About BKH

Business description and risk factors will appear here once BKH's latest filing is fully ingested.

Profitability

Operating margin

23.3%

1.6%

Net margin

12.6%

1.7%

Return on equity

7.6%

2.2%

Return on assets

2.7%

1.5%

Leverage

Debt / equity

1.84×

1.1%

Long-term debt / equity

1.23×

1.3%

Debt / assets

64.8%

0.4%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$780.7M-3.0%$131.0M-2.5%16.8%

Q4 2025

2025-12-31

$635.6M+6.4%$104.9M+7.0%16.5%

Q3 2025

2025-09-30

$430.2M+7.1%$24.9M+2.0%5.8%

Q2 2025

2025-06-30

$439.0M+9.0%$27.5M+20.6%6.3%

Q1 2025

2025-03-31

$805.2M+10.8%$134.3M+5.0%16.7%

Q4 2024

2024-12-31

$597.1M$98.0M16.4%

Q3 2024

2024-09-30

$401.6M-1.4%$24.4M-46.2%6.1%

Q2 2024

2024-06-30

$402.6M-2.1%$22.8M-1.1%5.7%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Electric Services · SIC 4911

No data yet for industry average

Your notes

Keep private notes on BKH — thesis, target price, catalysts to watch.

Visible only to you. Never shared. Never used to train AI.

Sign in to write a note

Insider activity

Insider buying

$0

Insider selling

$1.0M

Net activity

−$1.0M

Distinct insiders

1

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2025-11-10

Kimberly F Nooney

SVP & CFO

Sale14,500$70.70$1.0M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns BKH

Institutional value

$2.69B

Total shares held

39.9M

Distinct holders

311

-47 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.12.1M$841.9M-8.6K (-0.1%)Trimmed
2VANGUARD PORTFOLIO MANAGEMENT LLC5.0M$349.8MNew
3VANGUARD CAPITAL MANAGEMENT LLC3.4M$233.9MNew
4Capital Research Global Investors2.3M$158.0M+0 (+0.0%)No change
5FRANKLIN RESOURCES INC1.6M$109.4M+743.6K (+89.3%)Added
6DIMENSIONAL FUND ADVISORS LP1.1M$79.2M+18.1K (+1.6%)Added
7Invesco Ltd.1.1M$73.6M+451.0K (+74.0%)Added
8Nuveen, LLC973.2K$67.6M-257.0K (-20.9%)Trimmed
9Bank of New York Mellon Corp784.3K$54.4M-5.4K (-0.7%)Trimmed
10FIRST TRUST ADVISORS LP705.1K$48.9M-23.9K (-3.3%)Trimmed
11Pictet Asset Management Holding SA593.5K$41.2M+582.5K (+5286.1%)Added
12VANGUARD FIDUCIARY TRUST CO490.0K$34.0MNew
13DUFF & PHELPS INVESTMENT MANAGEMENT CO459.5K$31.9MNew
14ProShare Advisors LLC447.6K$31.1M-155.6K (-25.8%)Trimmed
15JPMORGAN CHASE & CO410.6K$28.4M-26.8K (-6.1%)Trimmed
16UBS Group AG399.3K$27.7MNew
17HighTower Advisors, LLC334.5K$23.2M+55.9K (+20.0%)Added
18PRINCIPAL FINANCIAL GROUP INC320.9K$22.3M+157.5K (+96.4%)Added
19Legal & General Group Plc313.8K$21.8M-25.6K (-7.6%)Trimmed
20Connor, Clark & Lunn Investment Management Ltd.281.4K$19.5M+122.1K (+76.6%)Added

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once BKH's latest filing finishes processing.