Black Hills Corporation
BKHUtilitiesNASDAQUtilities - Regulated Gas
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Daily timeframeHeadquartered within the utilities sector, Black Hills Corporation focuses on Utilities - Regulated Gas services and products. Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. With a market capitalization of $5.68B, it sits in mid-cap territory. The company operates through the Electric Utilities and Gas Utilities segments.
Market Cap
$5.68B
Beta
0.70
P/E (TTM)
19.74
P/E (Fwd)
16.18
EPS (TTM)
$3.78
EPS (Fwd)
$4.61
ROE
7.7%
ROA
3.2%
Cash
$23.6M
Total Debt
$4.65B
Free CF
-$487.2M
52W Change
31.3%
Annual Financials
Cash vs Debt
The company holds $23.6M in cash, though total debt stands at $4.65B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$487.2M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 7.7% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $2.55B (2022) to $2.31B (2025).
BKH's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BKH.