Black Hills (NYSE:BKH) Releases Earnings Results, Beats Estimates By $0.10 EPS

Posted by Francis Steltz on Nov 5th, 2026

Black Hills (NYSE:BKH – Get Free Report) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10, FiscalAI reports. The company had revenue of $466.10 million during the quarter, compared to analyst estimates of $483.04 million. Black Hills had a net margin of 13.01% and a return on equity of 7.98%. Black Hills’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS.

Black Hills Price Performance

BKH stock traded down $0.07 during mid-day trading on Thursday, hitting $84.12. 1,066,204 shares of the stock were exchanged, compared to its average volume of 1,014,833. The business has a fifty day moving average price of $74.64 and a 200 day moving average price of $73.50. Black Hills has a 12 month low of $64.74 and a 12 month high of $86.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 3.26 and a beta of 0.64.

Black Hills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.7030 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $2.81 annualized dividend and a yield of 3.3%. Black Hills’s payout ratio is 70.96%.

Analyst Ratings Changes

BKH has been the subject of several analyst reports. Jefferies Financial Group started coverage on shares of Black Hills in a report on Wednesday, October 14th. They issued a “buy” rating and a $87.00 price target for the company. Wall Street Zen upgraded Black Hills from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BMO Capital Markets lifted their price objective on Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Freedom Broker raised Black Hills from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $78.00 in a report on Wednesday, October 7th. Finally, Bank of America lifted their price target on Black Hills from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $83.25.

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About Black Hills

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Black Hills Corporation (NYSE:BKH) is an energy company headquartered in Rapid City, South Dakota. Through its Black Hills Energy businesses, the company provides regulated electric and natural gas utility services to residential, commercial and industrial customers.

Black Hills operates electric utilities and natural gas distribution systems across parts of Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Its activities include generating and purchasing electricity, transmitting and distributing power, distributing natural gas, and developing and maintaining the infrastructure needed to serve its utility customers.

The company traces its history to the Black Hills region and has expanded through the development and acquisition of utility operations in the central and western United States.