Black Hills NYSE: BKH reported higher third-quarter adjusted earnings and reaffirmed its 2026 outlook as it laid out the expected financial benefits of an agreement to supply a planned Google data center in Wyoming.

Black Hills' regulated gas franchise is compounding its rate base, with net PPE rising from $7.4B to $8.8B over the ten quarters reviewed, which supports long-run earnings visibility.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.57+21.9% vs $0.47 | $466M-3.5% vs $483M |
Q3 2026 Aug 5, 2026 | $0.54+33.0% vs $0.41 | $453M-7.8% vs $491M |
Q2 2026 May 6, 2026 | $1.79-4.8% vs $1.88 | $781M+1.5% vs $769M |
Q1 2026 Feb 4, 2026 | $1.41+2.9% vs $1.37 | $636M-2.0% vs $648M |
Black Hills NYSE: BKH reported higher third-quarter adjusted earnings and reaffirmed its 2026 outlook as it laid out the expected financial benefits of an agreement to supply a planned Google data center in Wyoming.

A lender, a mortgage insurer, a Pennsylvania bank, and a Montana utility all pay dividends that earnings cover. But one of them just cut its payout, and its price tag tells you how nervous investors have become.

Shares of Black Hills Corporation (NYSE: BKH - Get Free Report) hit a new 52-week high on Thursday following a stronger than expected earnings report. The stock traded as high as $86.49 and last traded at $86.1420, with a volume of 135,348 shares changing hands. The stock had previously closed at $84.19. The utilities provider reported

Black Hills Corporation ( BKH ) Q3 2026 Earnings Call November 5, 2026 11:00 AM EST Company Participants Salvador Diaz - Director of Investor Relations Linden Evans - President, CEO & Director Kimberly Nooney - Senior VP & CFO Marne Jones - Senior VP & Chief Utility Officer Conference Call Participants Paul Zimbardo - Jefferies LLC, Research Division Nicolas Woods - BofA Securities, Research Division Andrew Weisel - Scotiabank Global Banking and Markets, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Q3 2026 Black Hills Corporation Earnings Conference Call.
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Key metrics vs top competitors for Black Hills Corporation (BKH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $84.87 | $6.46B | 20.58 | 8.57% | 13.49% | 7.88% | 3.19% | |
| $82.73 | $5.09B | 31.20 | 6.38% | 9.48% | 5.66% | 3.18% | |
| $40.23 | $3.32B | 13.65 | 1.34% | 12.75% | 8.87% | 4.88% | |
| $78.44 | $3.29B | 18.77 | -1.99% | 13.45% | 9.33% | 2.67% | |
| $45.95 | $5.32B | 19.97 | -1.95% | 7.85% | 6.54% | 4.42% | |
| $80.26 | $3.03B | 18.89 | 9.85% | 20.6% | 11.59% | 2.3% |
Black Hills Corporation (BKH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Black Hills Corporation (BKH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 4, 2026·SEC
Oct 23, 2026·SEC
Aug 5, 2026·SEC
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Black Hills Corporation (BKH) stock FAQ — growth, dividends, profitability & financials explained
Black Hills Corporation (BKH) reported $2.34B in revenue over the trailing twelve months. Revenue was $2.31B in fiscal year 2025. That is 1321% more than the $162.6M of fiscal year 1996.
Black Hills Corporation (BKH) grew revenue by 2.8% over the trailing twelve months, compared with the twelve months before.
Yes. Black Hills Corporation (BKH) earned $315.1M in net income over the trailing twelve months (a 13.5% net margin).
Yes. Black Hills Corporation (BKH) pays a dividend that yields 3.19% at the current price, a moderate yield.
Black Hills Corporation (BKH) had a return on equity (ROE) of 7.9% over the trailing twelve months. That is below the market's typical 10-15%.
Black Hills Corporation (BKH) generated $441.1M in free cash flow over the trailing twelve months.
Black Hills Corporation (BKH) has a dividend payout ratio of 68%. This suggests the dividend is well-covered and sustainable.