Black Hills Corporation

BKH - Financial Snapshot

Metrics for BKH

Price $67.84
Shares Outstanding 75.47M
All-Time Low $1.25
52-Week Low $54.92

Balance Statement Metrics

Net Cash / Share $0
cashValuePerShare = (Cash + Short Term Investments - Total Liabilities) / Shares Outstanding
Net Current Assets / Share $-79.08
netCurrentAssetsPerShare = (Current Assets - Total Liabilities) / Shares Outstanding
Net Tangible Assets / Share $34.45
netTangibleAssetsPerShare = (Total Assets - Intangibles - Total Liabilities) / Shares Outstanding
Shares Outstanding Ave Change (Annual) 4.52%
Shares Δ YoY 5.39%
Avg CA Burn (Annual %) 0.36% (as of 2-20-2026)
Avg CA Burn (Quarterly %) 10.05% (as of 2-20-2026)

Earning Metrics

Max Earning Power / Share $32.04
maxEarningPowerPerShare = (EBITDA / EP_MULTIPLIER) / Shares Outstanding
Adjusted Earning Power $13.25
adjustedEarningPower = (Net Income / EP_MULTIPLIER) / Shares Outstanding
Non-Cash Charges to Market Cap 1.43%
nonCashChargeToMKTCAP = Non-Cash Charges / Market Capitalization
Avg EBITDA (5Y) 766.9M (as of 2-20-2026)
Avg EBITDA (5Q) 213.3M (as of 2-20-2026)
Avg Net Income (5Y) 271.3M (as of 2-20-2026)
Avg Net Income (5Q) 78M (as of 2-20-2026)
Data as of: Price 03-20-26 16:00 ET, Balance Sheet 2025-12-31, Income Statement 2025-12-31, Cash Flow 2025-12-31

Indicators

Dividend indicators Value Date
Current Dividend Streak Yes 2-20-2026
Consecutive Years Paid 38 years 2-20-2026
Pays Dividend Yes 2-20-2026
Dividend Type common 2-20-2026
Dividend Payout / Share $0.68 2-20-2026
Last Dividend Date 2-28-26
Income indicators Value Date
EBITDA Positive Yes 2-20-2026
Net Income Positive Yes 2-20-2026
Current Dividend Streak Yes 2-20-2026

Metric History Explorer

Pick a metric to view its history table and chart.

Tangible Book Value Per Share History

Formula: Tangible Book Value / shares from balance statements. Includes 5 quarterly + 4 annual.

Chart plots one TBV / Share point per report date (duplicate same-date annual/quarterly rows are merged).

Report Date Period TBV / Share Tangible Book Value Shares Used
2025-12-31 Quarterly $33.36 2.5B ($2,517,700,000) 75.5M (75,477,067)
2025-12-31 Annual $33.36 2.5B ($2,517,700,000) 75.5M (75,477,067)
2025-09-30 Quarterly $32.62 2.5B ($2,461,800,000) 75.5M (75,473,782)
2025-06-30 Quarterly $31.98 2.3B ($2,329,600,000) 72.9M (72,854,729)
2025-03-31 Quarterly $32.11 2.3B ($2,328,300,000) 72.5M (72,510,112)
2024-12-31 Quarterly $30.64 2.2B ($2,194,400,000) 71.6M (71,620,148)
2024-12-31 Annual $30.64 2.2B ($2,194,400,000) 71.6M (71,620,148)
2023-12-31 Annual $27.97 1.9B ($1,907,400,000) 68.2M (68,196,969)
2022-12-31 Annual $25.50 1.7B ($1,685,800,000) 66.1M (66,103,670)

Dividend Payments

Historical cash dividends per share from Yahoo ex-dividend dates.

Date Dividend / Share
2025-11-17 $0.676
2025-08-18 $0.676
2025-05-16 $0.676
2025-02-18 $0.676
2024-11-18 $0.65
Show 151 older dividend payments
Date Dividend / Share
2024-08-19 $0.65
2024-05-16 $0.65
2024-02-15 $0.65
2023-11-16 $0.625
2023-08-17 $0.625
2023-05-17 $0.625
2023-02-13 $0.625
2022-11-16 $0.625
2022-08-17 $0.595
2022-05-17 $0.595
2022-02-11 $0.595
2021-11-16 $0.595
2021-08-17 $0.565
2021-05-17 $0.565
2021-02-11 $0.565
2020-11-16 $0.565
2020-08-17 $0.535
2020-05-15 $0.535
2020-02-13 $0.535
2019-11-15 $0.535
2019-08-16 $0.505
2019-05-16 $0.505
2019-02-14 $0.505
2018-11-16 $0.505
2018-08-17 $0.475
2018-05-17 $0.475
2018-02-14 $0.475
2017-11-16 $0.475
2017-08-16 $0.445
2017-05-16 $0.445
2017-02-13 $0.445
2016-11-15 $0.42
2016-08-16 $0.42
2016-05-16 $0.42
2016-02-11 $0.42
2015-11-13 $0.405
2015-08-14 $0.405
2015-05-14 $0.405
2015-02-11 $0.405
2014-11-13 $0.39
2014-08-13 $0.39
2014-05-14 $0.39
2014-02-12 $0.39
2013-11-13 $0.38
2013-08-14 $0.38
2013-05-15 $0.38
2013-02-13 $0.38
2012-11-14 $0.37
2012-08-15 $0.37
2012-05-16 $0.37
2012-02-14 $0.37
2011-11-15 $0.365
2011-08-16 $0.365
2011-05-16 $0.365
2011-02-11 $0.365
2010-11-15 $0.36
2010-08-16 $0.36
2010-05-14 $0.36
2010-02-10 $0.36
2009-11-13 $0.355
2009-08-14 $0.355
2009-05-14 $0.355
2009-02-11 $0.355
2008-11-12 $0.35
2008-08-13 $0.35
2008-05-14 $0.35
2008-02-13 $0.35
2007-11-14 $0.35
2007-08-15 $0.34
2007-05-16 $0.34
2007-02-13 $0.34
2006-11-15 $0.33
2006-08-16 $0.33
2006-05-16 $0.33
2006-02-13 $0.33
2005-11-15 $0.32
2005-08-16 $0.32
2005-05-16 $0.32
2005-02-11 $0.32
2004-11-15 $0.31
2004-08-12 $0.31
2004-05-13 $0.31
2004-02-12 $0.31
2003-11-12 $0.3
2003-08-13 $0.3
2003-05-16 $0.3
2003-02-12 $0.3
2002-11-13 $0.29
2002-08-14 $0.29
2002-05-15 $0.29
2002-02-13 $0.29
2001-11-15 $0.28
2001-08-14 $0.28
2001-05-16 $0.28
2001-02-14 $0.28
2000-11-15 $0.27
2000-08-16 $0.27
2000-05-10 $0.27
2000-02-09 $0.27
1999-11-09 $0.26
1999-08-11 $0.26
1999-05-12 $0.26
1999-02-10 $0.26
1998-11-10 $0.25
1998-08-12 $0.25
1998-05-13 $0.25
1998-02-11 $0.25
1997-11-12 $0.2367
1997-08-13 $0.2367
1997-05-14 $0.2367
1997-02-12 $0.2367
1996-11-13 $0.23
1996-08-14 $0.23
1996-05-15 $0.23
1996-02-14 $0.23
1995-11-08 $0.22
1995-08-09 $0.22
1995-05-08 $0.22
1995-02-06 $0.22
1994-11-04 $0.22
1994-08-08 $0.22
1994-05-09 $0.22
1994-02-07 $0.22
1993-11-05 $0.2133
1993-08-09 $0.2133
1993-05-10 $0.2133
1993-02-08 $0.2133
1992-11-06 $0.2067
1992-08-10 $0.2067
1992-05-11 $0.2067
1992-02-04 $0.2067
1991-11-04 $0.1956
1991-08-12 $0.1956
1991-05-06 $0.1956
1991-02-04 $0.1956
1990-11-05 $0.1822
1990-08-06 $0.1822
1990-05-07 $0.1822
1990-02-05 $0.1822
1989-11-13 $0.1689
1989-08-14 $0.1689
1989-05-08 $0.1689
1989-02-06 $0.1689
1988-11-04 $0.1556
1988-08-08 $0.1556
1988-05-09 $0.1556
1988-02-08 $0.1556
1986-11-07 $0.1267
1986-08-11 $0.1267
1986-05-12 $0.1267
1986-02-03 $0.1267

Shares Outstanding Changes

Date Shares Outstanding Delta
2026-02-03 75,474,846 +1,456
2025-11-10 75,473,390 +2,616,840
2025-09-17 72,856,550 -50
2025-08-25 72,856,600 +274,800
2025-08-22 72,581,800 -269,896

Short Interest Changes

Latest short-interest change: 7,264,806 shares (13.08% of float) | Days to cover: 6.56

Date Short Interest Delta Δ %
2026-03-11 7,264,806 shares -165,240 -2.22%
2026-02-26 7,430,046 shares +1,187,398 +19.02%
2026-02-11 6,242,648 shares -300,334 -4.59%

Interesting Volume Days

Volume/ratio use shares outstanding as of the event date (frozen).

Date Volume Shares Outstanding Volume / Shares Price
No interesting volume events

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.