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BKBKH

Black Hills Corporation

$BKH·$5.8B·Regulated Gas·Utilities
$76.63+1.0%YTD+9.5%1Y+22.8%
Price updated 8h ago·X counts updated 5d ago
BKBKH
$BKHBlack Hills Corporation
$76.63+1.00%127 posts0.9×
AI analysisFundamentalsVoices on X
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On X

The complete picture of $BKH on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

127X posts · last 7 days
Sep 29Oct 11
Chatter Meter
0.9×
QuietNormal · 1×Loud

How loud $BKH's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $BKH — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersWinding up for a moveAI verdict · as of 2026-10-03

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Black Hills riding a 3GW data-center pipeline and the NorthWestern merger — a smaller utility quietly repositioning for the AI capex cycle.

Black Hills Corporation is in the middle of transforming from a steady Dakota-area utility to a data-center-adjacent utility holding company — Q2 EPS beat by 33% ($0.54 vs $0.41), the NorthWestern Energy merger is pending, and management has disclosed a 3GW data-center project pipeline.

  • The last four quarterly EPS prints read Q2 +33%, Q1 -5%, Q4 +3%, Q3 flat — the trend is positive but revenue growth has been flat to slightly negative (-3% in Q1 after modest positive growth earlier), which is typical for a regulated utility entering a capex cycle.
  • The August 17 historical and pro-forma financial statements for the NorthWestern merger confirm the deal is advancing through regulatory channels; the September 1 Seeking Alpha writeup headlined 'A 439 MW Utility With A Three GW Data Center Pipeline' frames the structural optionality.
  • At $70.96 and 60% of the 52-week range, the forward multiple on 2026 EPS of $4.34 is 16.4x — reasonable for a utility with real growth optionality, especially one trading as a Dividend King that has raised the dividend for 55+ consecutive years.

The November 4 Q3 earnings is the next catalyst, and the NorthWestern merger approval timeline is the structural catalyst; both would need to land for the forward multiple to re-rate above the current 16-17x range.

What to watch: November 4 Q3 earnings and 2026 EPS guidance reaffirmation; NorthWestern Energy merger regulatory approvals and anticipated close date; data-center-project contract announcements and project startup timing.

On the calendar: Q3 earnings scheduled 2026-11-04

Read the AI verdict on $BKH

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Regulated electric and gas utility serving rural communities in Wyoming, South Dakota, and Colorado.

Industry overviewAI analysisGenerated by AI from underlying data

Where Regulated Gas sits in its cycle right now — and what that implies for $BKH.

Regulated Gas · Utilities

Regulated natural gas distribution benefits from stable volumetric demand with rate-base growth from system integrity and leak-reduction investment programs. AI data-center gas backup generation and industrial onshoring supply new interruptible contract opportunities; LNG export capacity additions are tightening domestic supply balances and supporting basis spreads at major hubs.

What this means for $BKH

Partial — Regulated electric and gas utility serving rural communities in Wyoming, South Dakota, and Colorado.

Top industry ETF

$XLUUtilities Select Sector SPDR
-7.3%YTD
-8.1%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
19.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
4.5%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
23.3%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-5.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
7.6%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
35.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 5, 2026$0.54$0.41+33.0%
Q1 2026May 6, 2026$1.79$1.88-4.8%
Q4 2025Feb 4, 2026$1.41$1.37+2.9%
Q3 2025Nov 5, 2025$0.45$0.450.0%
Next earningsWed, Nov 4·consensus EPS $0.46

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$780.7M-3.0%27.9%25.6%$1.74$-91.2M
Q4 FY25$635.5M+6.4%41.2%27.0%$1.40$-101.5M
Q3 FY25$430.2M+7.1%38.9%18.3%$0.34$-89.5M
Q2 FY25$439.0M+9.0%38.1%18.8%$0.38$-30.3M

Forward consensus

5-year forecast · up to 4 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$2.4B$2.3B – $2.6B$4.36$3.45 – $5.664
FY27$3.3B$2.6B – $4.4B$4.63$4.59 – $4.673
FY28$3.6B$2.7B – $4.4B$5.05$4.91 – $5.182
FY29$3.7B$3.1B – $4.6B$5.41$4.28 – $7.041
FY30$3.9B$3.3B – $4.8B$5.83$4.61 – $7.581

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.1×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.84%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+4.4%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+4.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 75.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.665-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 27Robert P OttoDirector4.1K sh$305K
+ 9 other (9 awards) in window

See when $BKH insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDOct 68-K — Item 7.01: Press release / Reg FD
424B5Prospectus supplement (offering)May 19424B5
AI summary

Black Hills Corporation (BKH) filed a 424B5 prospectus supplement registering up to $183.4 million of common stock remaining under its existing $400 million at-the-market sales agreement with BofA Securities, BMO Capital Markets, Mizuho Securities USA, MUFG Securities Americas, and RBC Capital Markets as agents/forward sellers. The company had previously raised $216.6 million (3,517,790 shares) under the prior prospectus supplement; this new supplement supersedes it and is tied to a new S-3ASR shelf. Forward sale agreements may also be used. This is ongoing incremental dilution for a regulated utility to finance capital expenditures.

S-3ASRAuto-shelf registrationMay 19S-3ASR
AI summary

Black Hills Corporation (BKH) filed a new automatic shelf registration statement (S-3ASR) on May 19, 2026, effective immediately upon filing as a large accelerated filer, to replace its prior expiring shelf registration. This S-3ASR enables continued offering of securities under Rule 415 on a delayed or continuous basis and is the administrative prerequisite for the $183.4 million ATM offering capacity covered by the simultaneously filed 424B5 prospectus supplement. This is a routine shelf renewal rather than a new standalone offering.

8-KShareholder voteMay 18-K — Item 5.07: Shareholder vote
AI summary

BKH held its Annual Meeting of stockholders around 2026-05-01 (8-K Item 5.07). The meeting was adjourned, likely due to insufficient quorum. Routine governance event — monitor for unusually high withhold votes as an activist signal.

+ 11 other (4 13Gs · 2 routine 8-Ks · 2 10-Qs · 2 earnings 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

This Dividend King Is Getting In on the AI Energy Boom With Its Recent Deal with Google. Is It a Buy?fool.com·22h agoHere Are Thursday’s Top Wall Street Analyst Research Calls: AngloGold Ashanti, Bank of America, Cirrus Logic, Crocs, Diamondback Energy, Devon Energy, Netflix, PayPal, Spotify Technolgy , and More247wallst.com·2d agoBlack Hills (NYSE:BKH) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Whydefenseworld.net·2d ago5 Utility Stocks With Yields High Enough to Matter and Coverage Strong Enough to Trust247wallst.com·3d agoBlack Hills Corp. Gas Utility Receives Approval for New Rates in Arkansasglobenewswire.com·4d ago

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Voices on X · last 7 days

No standout posts about $BKH on X in the last 7 days.

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