BLACK HILLS CORP /SD/(BKH)— Stock Profile, AI Score & Financials
Utilities · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
BLACK HILLS CORP /SD/ (BKH) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores BKH at 53.3/100 on a 32-signal composite quality model, placing it at rank #1,395 of 2,962 stocks — the top half of the AI-ranked universe. Areas of concern include free cash flow (15.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), BLACK HILLS CORP /SD/ reports quarterly revenue of $452.8M, net income of $38.2M, an operating margin of 21.4%. Top institutional holders of BKH by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. BKH trades on the NYSE exchange and files with the SEC under CIK 1130464. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BKH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BLACK HILLS CORP /SD/ directly from SEC EDGAR.
AI Quality Score
53.3/100
AI Rank
#1,395
Revenue
$452.8M
Net Income
$38.2M
Free Cash Flow
$-23.0M
Operating Margin
21.4%
BKH key financials by period
BLACK HILLS CORP /SD/ reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$2.3B
$291.6M
23.3%
FY 2024
10-K
$2.1B
$273.1M
23.6%
FY 2023
10-K
$2.3B
$262.2M
20.3%
FY 2022
10-K
$2.6B
$258.4M
17.8%
FY 2021
10-K
$1.9B
$236.7M
21.0%
FY 2020
10-K
$1.7B
$227.6M
25.2%
Institutions holding BKH
Institutional investors reporting a position in BLACK HILLS CORP /SD/ on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue of $440.6M, up from $439.0M YoY, driven by new rate recovery in Electric and Gas Utilities partially offset by lower customer usage and unfavorable weather.
Biggest Revenue Drivers
Electric Utilities$226.3M+2.9% YoY
New rates and rider recovery from Ready Wyoming project and improved industrial loads under LPCS tariff
Gas Utilities$230.5M+3.4% YoY
New rates from Nebraska Gas and Kansas Gas settlements offset by unfavorable weather and lower retail usage
Biggest Revenue Drivers
Total revenue: $440.6M+0.4% YoY
Electric Utilities$226.3M+2.9% YoY
New rates and rider recovery from Ready Wyoming project and improved industrial loads under LPCS tariff
Gas Utilities$230.5M+3.4% YoY
New rates from Nebraska Gas and Kansas Gas settlements offset by unfavorable weather and lower retail usage
Largest Expense Items
Fuel, purchased power and cost of natural gas sold$113.5M-8.6% YoY
Lower natural gas prices and commodity costs; reduced generation fuel needs
Operations and maintenance$150.5M+1.9% YoY
Lower outside services and prior-year unplanned outages offset by higher compensation and office costs
Depreciation and amortization$75.3M+7.9% YoY
Higher asset base from capital expenditures including Ready Wyoming and Lange II projects
Interest expense, net$52.7M+5.4% YoY
Higher interest rates and increased debt balances
Watch Items from the Filing
Wyoming Electric data center customer concentration risk: $377M refundable advances maturing August 31, 2026 for 1.8 GW capacity contingent on definitive agreement execution; failure to close would require alternate financing.
Pending NorthWestern merger approval: FERC approved May 29, 2026; NPSC and SDPUC approved; MPSC hearings held Q2 2026 awaiting settlement approval; transaction expected to close by end-2026.
Capital expenditure acceleration: First half 2026 capex of $583M vs. $370M YoY; full-year forecast $905M driven by Lange II generation project and Wyoming transmission upgrades.
Wyoming Electric system peak demand reached record 439 MW on July 20, 2026, up from 379 MW prior all-time high June 20, 2025, driven by large LPCS customers.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
