BLACK HILLS CORP BKH 76.84
Utilities · NYSE · Data as of 2026-08-06
BLACK HILLS CORP (BKH) has delivered +5.0% annualized revenue growth, +9.3% earnings growth, and +9.4% dividend growth over 10 years of data. Ranked #153 of 1968 stocks overall and #18 of 87 in the Utilities sector by Steady Score.
About BLACK HILLS CORP
Company Overview
Black Hills Corporation is a regulated electric and natural-gas utility serving customers across several western and midwestern states. Its utilities generate, purchase, transmit and distribute electricity and deliver natural gas to homes and businesses. The company owns generation, transmission, distribution and pipeline assets and invests in system safety, reliability, capacity and cleaner energy to support communities in Colorado, South Dakota, Wyoming and neighboring states.
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Business Model & Revenue
Revenue is earned through regulated rates approved by state and federal commissions. These rates are designed to recover operating and energy costs and provide a return on qualifying infrastructure investment. Customer growth, usage and weather affect sales, while cost- recovery mechanisms reduce some fuel volatility. Black Hills funds a multi-year capital program with operating cash, debt and equity, making constructive regulation, execution and financing costs important.
Key Facts & Market Position
The company's mix of electric and gas utilities spans multiple jurisdictions and includes service territories with population and business growth. Essential demand and regulated assets support stability, while geographic spread provides some diversification. Severe weather, wildfire and safety risk, customer affordability, environmental requirements, generation transitions and the timing of rate recovery shape performance.