Black Hills (BKH)

Black Hills Colorado Electric, LLC • Black Hills Colorado Gas, Inc. • Black Hills Colorado IPP, LLC • Black Hills Colorado Wind, LLC • Black Hills Electric Generation, LLC • Black Hills Electric Parent Holdings, LLC • Black Hills Energy • Black Hills Energy Services Company • Black Hills Exploration and Production, Inc. • BHERR Holdings, LLC ...

IRS number

460458824

BKH stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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ARS

2024 FY

Annual report to shareholders

14 Mar 25

12 Feb 25

Departure of Directors or Certain Officers

6 Feb 25

8-K

Black Hills Corp. Reports 2024 Fourth-Quarter and Full-Year Results and Initiates 2025 Earnings Guidance

7 Nov 24

Black Hills Corp. Reaffirms 2024 Earnings Guidance and Reports 2024 Third-Quarter Results

6 Nov 24

8-K

Departure of Directors or Certain Officers

1 Nov 24

8-K

Departure of Directors or Certain Officers

1 Aug 24

Transcripts

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BKH

Earnings call transcript

2024 Q4

6 Feb 25

BKH

Earnings call transcript

2024 Q3

7 Nov 24

BKH

Earnings call transcript

2024 Q2

1 Aug 24

BKH

Earnings call transcript

2024 Q1

9 May 24

BKH

Earnings call transcript

2023 Q4

8 Feb 24

BKH

Earnings call transcript

2023 Q3

2 Nov 23

BKH

Earnings call transcript

2023 Q2

3 Aug 23

BKH

Earnings call transcript

2023 Q2

3 Aug 23

BKH

Earnings call transcript

2023 Q1

4 May 23

BKH

Earnings call transcript

2022 Q4

8 Feb 23

Latest ownership filings

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Financial summary

Financial statements Chart BKH financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	23.40 mm	23.40 mm	23.40 mm	23.40 mm	23.40 mm	23.40 mm
Cash burn (monthly)	(no burn)	5.80 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	14.92 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	8.48 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	1.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Black Hills earnings reports.

Institutional ownership, Q4 2024

BKH institutional ownership history Ownership history

84.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	391	390	+0.3%
Opened positions	46	57	-19.3%
Closed positions	45	40	+12.5%
Increased positions	154	147	+4.8%
Reduced positions	124	122	+1.6%

13F shares	Current	Prev Q	Change
Total value	3.43 tn	3.52 tn	-2.6%
Total shares	60.58 mm	60.29 mm	+0.5%
Total puts	22.70 k	38.50 k	-41.0%
Total calls	54.50 k	47.50 k	+14.7%
Total put/call ratio	0.4	0.8	-48.6%

Largest owners	Shares	Value	Change
BlackRock	11.50 mm	$673.01 bn	+4.1%
Vanguard	8.60 mm	$503.40 bn	+0.4%
STT State Street	3.85 mm	$225.56 bn	+6.7%
MQBKY Macquarie Group Limited	2.36 mm	$138.03 bn	-5.1%
Capital Research Global Investors	1.85 mm	$107.97 bn	+21.5%
Geode Capital Management	1.70 mm	$99.40 bn	+2.1%
Zimmer Partners	1.47 mm	$86.15 bn	-6.6%
Fuller & Thaler Asset Management	1.33 mm	$77.76 bn	-19.5%
Charles Schwab Investment Management	1.23 mm	$71.73 bn	+3.3%
Nuveen Asset Management	1.11 mm	$64.98 bn	-2.3%

Largest transactions	Shares	Bought/sold	Change
First Trust Advisors	953.43 k	+720.63 k	+309.5%
Jupiter Asset Management	0.00	-468.13 k	EXIT
BlackRock	11.50 mm	+453.49 k	+4.1%
BAC Bank of America	507.99 k	+340.69 k	+203.6%
PRS Prudential Financial, Inc. 5.62	235.94 k	-339.39 k	-59.0%
Capital Research Global Investors	1.85 mm	+326.96 k	+21.5%
Fuller & Thaler Asset Management	1.33 mm	-322.57 k	-19.5%
BCS Barclays	213.48 k	-287.35 k	-57.4%
Assenagon Asset Management	11.49 k	-286.14 k	-96.1%
Millennium Management	463.46 k	+246.50 k	+113.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BKH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Feb 25	Linden R Evans	Common Stock	Gift	Dispose G	No	No	0	3,210	0.00	156,895.537
18 Feb 25	Linden R Evans	Common Stock	Gift	Dispose G	No	No	0	4,901	0.00	160,105.537
12 Feb 25	Linden R Evans	Common Stock	Payment of exercise	Dispose F	No	No	60.1	944.144	56.74 k	165,006.537
12 Feb 25	Linden R Evans	Common Stock	Grant	Acquire A	No	No	60.1	2,356	141.60 k	165,950.681
12 Feb 25	Kimberly F Nooney	Common Stock	Payment of exercise	Dispose F	No	No	60.1	107.506	6.46 k	49,120.509
12 Feb 25	Kimberly F Nooney	Common Stock	Grant	Acquire A	No	No	60.1	254	15.27 k	49,228.015
12 Feb 25	Keller D Erik	Common Stock	Payment of exercise	Dispose F	No	No	60.1	120.195	7.22 k	10,444.33
12 Feb 25	Keller D Erik	Common Stock	Grant	Acquire A	No	No	60.1	306	18.39 k	10,564.525
12 Feb 25	Marne M Jones	Common Stock	Payment of exercise	Dispose F	No	No	60.1	107.379	6.45 k	35,858.399
12 Feb 25	Marne M Jones	Common Stock	Grant	Acquire A	No	No	60.1	254	15.27 k	35,965.778