Black Hills stock analysis
Black Hills (BHI) Stock Price & Analysis
BHI Stock Chart & Stats
- Day’s Range
- EUR 78.10 - EUR 79.30
- 52-Week Range
- EUR 57.34 - EUR 79.30
- Previous Close
- EUR 78.10
- Volume
- N/A
- Average Volume (3M)
- 17
- Market Cap
- EUR 6.02B
- Enterprise Value
- EUR 10.27B
- Total Cash (Recent Filing)
- EUR 18.20M
- Total Debt (Recent Filing)
- EUR 4.87B
- Price to Earnings (P/E)
- 21.0
- Beta
- 0.12
- Next Earnings
- Feb 10, 2027 (Est.)
- EPS Estimate
- 1.4
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 3.07%
Bulls Say, Bears Say
Bulls Say
Regulated Utility Business Model
Black Hills operates predominantly through regulated electric and gas utilities, giving earnings a framework for recovering prudent costs and earning approved returns on infrastructure. This supports revenue visibility and makes long-term investment in generation, transmission, and distribution a central source of growth.
Long-Term Google Data Center Growth
The executed Google agreements create a long-duration large-load opportunity supported by generation investment, management fees, and contractual protections. If delivered as planned, the project can diversify growth beyond ordinary customer demand and materially expand earnings and cash generation over many years.
Improving Profitability And Regulatory Recovery
Improving margins and rising net income indicate stronger earnings conversion within the regulated utility portfolio. Recent rate approvals and rider recovery provide mechanisms to support cost recovery, while customer growth and cost management reinforce the potential for earnings improvement beyond a single reporting period.
Bears Say
Elevated Leverage
Meaningful leverage reduces financial flexibility as Black Hills funds a substantial infrastructure program and manages higher financing costs. Debt levels can constrain the company’s ability to absorb operating or regulatory setbacks, while refinancing exposure may increase the cost of maintaining and expanding its asset base.
Volatile Free Cash Flow
Inconsistent free cash flow means reported earnings have not translated reliably into internally available funds across the cycle. That volatility can increase reliance on debt or equity financing for capital needs and shareholder returns, reducing balance-sheet flexibility while the company pursues major generation and transmission investments.
Near-Term Debt Refinancing Requirement
The upcoming maturity creates a concrete financing obligation within the next several months, when borrowing conditions and investor demand will influence the replacement cost. Refinancing could raise interest expense or require additional balance-sheet capacity, complicating capital allocation during an already intensive investment period.
Black Hills News
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Black Hills Stock Smart Score
Company Description
Black Hills
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.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Linden R. Evans
- Employees
- 2,795
- Website
- ir.blackhillscorp.com
- Address
- 7001 Mount Rushmore Road, Rapid City, SD, 57702, US
Black Hills (BHI) Earnings & Revenues
BHI Company Deck
BHI Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. Management reported higher adjusted EPS, reaffirmed 2026 guidance, maintained liquidity and credit objectives, advanced regulatory approvals, executed the Google data center agreements and described substantial large-load and transmission growth opportunities. The main challenges were the pending final approval for the NorthWestern Energy merger, merger-related costs, higher financing and depreciation costs, unfavorable year-to-date weather, an upcoming $400 million debt refinancing and the ongoing Colorado rate review.
View all DE:BHI earnings summariesBHI Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 1 | 5 |
| Technical Analysis | 3 | 1 | 5 |
| Moving Averages | 12 | 0 | 0 |












