Black Hills (NYSE:BKH) Posts Earnings Results, Beats Expectations By $0.10 EPS

Black Hills (NYSE:BKH) posted its earnings results on Wednesday. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10, FiscalAI reports. The business had revenue of $466.10 million for the quarter, compared to analyst estimates of $483.04 million. Black Hills had a return on equity of 8.19% and a net margin of 13.49%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS.

Black Hills Stock Performance

BKH traded up $0.55 during trading on Friday, hitting $85.18. 772,965 shares of the company traded hands, compared to its average volume of 1,017,995. The stock’s fifty day moving average is $74.86 and its 200 day moving average is $73.56. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.99. Black Hills has a one year low of $67.25 and a one year high of $86.54. The firm has a market cap of $6.50 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 3.34 and a beta of 0.64.

Black Hills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a dividend of $0.7030 per share. The ex-dividend date is Tuesday, November 17th. This represents a $2.81 annualized dividend and a yield of 3.3%. Black Hills’s dividend payout ratio is presently 67.55%.

Analyst Ratings Changes

BKH has been the subject of a number of research reports. Jefferies Financial Group started coverage on Black Hills in a report on Wednesday, October 14th. They set a “buy” rating and a $87.00 target price for the company. Wall Street Zen raised Black Hills from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Black Hills in a research report on Thursday, October 22nd. BMO Capital Markets upped their price objective on shares of Black Hills from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Finally, Scotiabank raised their target price on Black Hills from $84.00 to $95.00 and gave the stock a “sector outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $85.00.

Key Headlines Impacting Black Hills

Here are the key news stories impacting Black Hills this week:

• Positive Sentiment: Black Hills reported Q3 diluted EPS of $0.57, topping the $0.47 analyst consensus, with revenue up 8.3% year over year. The company also reaffirmed its 2026 adjusted earnings guidance, providing reassurance that its full-year outlook remains intact. Read More.
• Positive Sentiment: The earnings call was characterized as highlighting growth, resilience, and opportunity—an encouraging signal for investors assessing the utility’s outlook. Read More.
• Neutral Sentiment: Revenue of $466.1 million was below the $483.0 million consensus despite the year-over-year increase. That shortfall somewhat offsets the positive earnings surprise. Read More.
• Negative Sentiment: Freedom Broker lowered its rating on BKH from “buy” to “hold” and set a $78 price target, about 8% below the cited share price of $84.82. The downgrade could weigh on sentiment, particularly after the stock’s recent strength. Read More.

Black Hills Company Profile

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.