The Market Fieldbook

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The Market Fieldbook

Company Observatory

BKH

Black Hills Corporation

Utilities · Diversified Utilities

Overall research band Weak
Quality Weak
Valuation Weak
Balance sheet Very weak
Market confirmation Weak

One-minute company read

What this report can tell you now

What the company does

Black Hills Corporation is an American utility company headquartered in Rapid City, South Dakota, operating through two main divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to about 218,000 customers in Colorado, Montana, South Dakota, and Wyoming, utilizing a diversified mix of wind, natural gas, and coal-fired power plants, and also operates a coal mine in Wyoming. The Gas Utilities segment supplies natural gas to approximately 1,094,000 customers across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming, managing extensive gas transmission and distribution infrastructure, storage facilities, and gathering lines. The company also constructs and maintains gas infrastructure for transportation customers, provides appliance repair services to residential utility clients, and offers electrical system construction for large industrial customers. Its revenue is primarily generated from regulated electric and gas utility services.

The current research profile is Mixed Setup, with elevated leverage. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

No single strength should be treated as decisive without reviewing the underlying evidence and data status.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

  • Read the latest filing or company update.
  • Check the financial period behind each metric.
  • Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC5.8%Model input; read with the evidence status and period context.
Operating margin23.3%Model input; read with the evidence status and period context.
Revenue CAGR · 4 years4.3%Model input; read with the evidence status and period context.
FCF margin-6.3%Model input; read with the evidence status and period context.

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