Black Hills Corporation
BKHUtilitiesNASDAQUtilities - Regulated Gas
Scan Results
Daily timeframeBlack Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. At a $5.49B market cap, Black Hills Corporation ranks as a mid-cap company within utilities. The company operates through the Electric Utilities and Gas Utilities segments.
Market Cap
$5.49B
Beta
0.72
P/E (TTM)
18.76
P/E (Fwd)
15.62
EPS (TTM)
$3.84
EPS (Fwd)
$4.61
ROE
7.7%
ROA
3.2%
Cash
$23.6M
Total Debt
$4.65B
Free CF
-$487.2M
52W Change
25.4%
Annual Financials
Cash vs Debt
On the balance sheet, BKH has $23.6M in cash with $4.65B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. 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. Return on equity stands at 7.7%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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).
Black Hills Corporation carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Black Hills Corporation and its sector.