BKH · Black Hills Corp /Sd/
$70.96
+0.82 (+1.17%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$5.36B
Shares
76.25M
Volume · Oct 2
814.09K
Avg daily vol (3M)
856.88K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$70.96
Open$70.61
Day$70.53–71.99
52W close$59.76–76.83
Avg vol 30d954K
Short int10.8M · 14.2% float · 12.8d
Short vol54%
Last earningsAug 6, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 4 wks
filed Aug 6, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$2.30B
Trailing 12 months
Net income (TTM)
$296.90M
Trailing 12 months
Revenue growth YoY
+3.1%
Year over year
Operating margin
23.9%
Trailing 12 months
P / E (TTM)
17.9
Trailing earnings · reciprocal yield 5.6%
FCF yield
-5.7%
TTM · current market cap
Return on invested capital
5.8%
Trailing 12 months
Net cash
−$4.33B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+5.1%
Year over year · more shares
Price change (1Y)
+18.7%
Trailing year
Short interest
14.2%
Latest settlement · 12.8 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Black Hills reaffirmed its 2026 adjusted EPS guidance of $4.25–$4.45 and reported higher Q2 adjusted EPS of $0.54 versus $0.38 a year ago, driven by new rates and rider recovery. The company recorded a new Wyoming Electric peak of 439 MW (up 16%) and is advancing the NorthWestern Energy merger with Montana as the final approval.
Bullish
- + Q2 adjusted EPS rose to $0.54 from $0.38 a year ago on new rates and rider recovery.
- + Wyoming Electric set a new all-time peak of 439 MW, up 16% year-over-year, extending 20 consecutive years of demand growth.
- + Six of seven required approvals received for the NorthWestern Energy merger, on track to close by year-end 2026.
- + Advanced the 1.8 GW Wyoming data center opportunity with generation reservation agreement extended and refundable milestone payments increased to up to $377 million.
Bearish
- − Q2 financing and depreciation costs rose a combined $0.12 per share versus a year ago.
- − Mild weather drove an $0.18 per share year-to-date headwind versus the prior year.
- − Pending merger with NorthWestern Energy incurred $0.04 per share of after-tax transaction costs in Q2.
- − NorthWestern Energy merger remains subject to Montana Public Service Commission approval as the last closing condition.
- − Industrial electric revenue increased while broader six-month retail volumes fell on lower customer usage and unfavorable weather.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Very Low
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
Death cross
Price vs 200-day avg
−2%
below
Price vs 50-day avg
−2%
below
RSI (14)
48
neutral
MACD trend
Positive
52-week position
66%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−3%
trailing
6-month return
−2%
trailing
YTD return
+2%
this year
Relative strength
−14%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
Death cross
50d $72 › 200d $73 — 200d above 50d
Institutional flow
Accumulating
1 of 478 funds reported for Sep 30 · net +73 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
14.20% of float · ▲ +4.4% MoM · 12.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
478 holders — near 3-yr high, broad support
Squeeze score
80
high risk · 0–100
Fundamentals
Revenue growth
+9%
Y/Y
Gross margin
33%
expanding
EPS growth
+2%
Y/Y
Free cash flow
$-146.4M
Valuation
P/E 17.7
in line
Balance sheet
$4.5B
net debt
Quant / Vol
risk profile
Volatility
23%
annualized · 1-yr
Max drawdown
−12%
past year
ATR
2.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 6, 2026
Adjusted EPS
· for the year
Non-GAAP
$4.25 – $4.45
Guided vs delivered
· last 4 settled
Earnings per share available for common stock
2024
guided $3.80 – $4.00
$3.91
In line
Earnings per share available for common stock
2023
guided $3.65 – $3.85
$3.91
Beat +4.3%
Earnings guidance
this year
guided $3.60 – $3.70
$3.65
In line
Guidance
next year
guided $3.75 – $3.95
$3.74
Miss −2.9%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
Death cross
Bearish
Price vs 200-day avg
−2%
Neutral
Price vs 50-day avg
−2%
Neutral
RSI (14)
48
Neutral
MACD trend
Positive
Bullish
52-week position
66%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
Death cross
50d $72 › 200d $73 — 200d above 50d
Institutional flow
Accumulating
1 of 478 funds reported for Sep 30 · net +73 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
14.20% of float · ▲ +4.4% MoM · 12.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
478 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $60
Now $71 · 66%
Range high $77
vs 200-day avg -2%
vs 50-day avg -2%
50-day below 200-day death cross
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Electric Utility margin (non-GAAP) non-GAAP | $176.6M | Three Months Ended June 30, 2026 filing | — |
| Gas Utility margin (non-GAAP) non-GAAP | $166.6M | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Regulated Gas — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BKH
this stock
Black Hills Corp /Sd/
|
$5.36B | +2.2% | +8.6% | 17.7 | 14.2% |
|
ATO
Atmos Energy Corp
|
$26.62B | -6.2% | +12.9% | 18.8 | 2.6% |
|
NI
Nisource Inc.
|
$18.90B | -5.6% | +8.5% | 21.0 | 3.1% |
|
UGI
Ugi Corp /Pa/
|
$7.83B | -0.6% | +1.1% | — | 6.0% |
|
SWX
Southwest Gas Holdings, Inc.
|
$5.97B | +3.3% | +9.6% | 10.9 | 3.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BKH | +0.7% | -3.2% | -1.7% | +1.3% | +2.2% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +0.9% | -2.7% | -13.9% | +0.3% | -10.6% |