Pulling SEC filings + quote and writing the call…

BLACK HILLS CORP /SD/
Next earnings Jul 28, 2026 (after close) · consensus $0.42 EPS, $516M rev
Last earnings +0.1% on 2026-05-06
Steady regulated utility with a long-growing dividend, but capex outruns cash flow, dilution caps EPS, and growth is slow.
Sources: SEC EDGAR (CIK 0001130464, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 9:01:22 PM.
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Fundamentals and price both look middling — no strong edge either way.
Black Hills is a regulated electric and natural-gas utility serving customers across several Western and Plains states — a classic defensive, income-oriented holding. FY2025 was solidly steady: revenue grew 9.0% to $2.29B, operating income and net income each rose 6.8% (net income to $292M), and the operating margin held at a healthy 23.5%. The dividend grew 8.6% to $198M, consistent with Black Hills' long record of dividend growth. The five-year net-income trend is reliably upward, from $237M (FY2021) to $292M (FY2025).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.93B | $2.54B | $2.30B | $2.10B | $2.29B |
| Gross profit | — | — | — | — | — |
| Operating income | $409M | $455M | $473M | $503M | $538M |
| Net income | $237M | $258M | $262M | $273M | $292M |
| Diluted EPS | $3.74 | $3.97 | $3.91 | $3.91 | $3.98 |
| Net margin | 12.3% | 10.2% | 11.4% | 13.0% | 12.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1046 tracked peers · median
Last 90 days: 0 open-market buys · 1 sale
| 2026-05-27 | Otto Robert P Director | Sell | 4.11K @ $74.22 | $305K |
| 2026-05-01 | Waleski Anne G Director | Award | 1.92K | |
| 2026-05-01 | Taylor Teresa Director | Award | 1.92K | |
| 2026-05-01 | Prochazka Scott M Director | Award | 1.92K | |
| 2026-05-01 | Otto Robert P Director | Award | 1.92K | |
| 2026-05-01 | MILLS STEVEN RICHARD Director | Award | 1.92K | |
| 2026-05-01 | McAllister Kathleen S Director | Award | 1.92K | |
| 2026-05-01 | Jensen Tony A Director | Award | 1.92K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.