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Black Hills Corporation

BKH Utilities Utilities Regulated Gas

Black Hills Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 8.57% from fiscal 2024. In the quarter to June 2026, revenue grew 3.14%, EPS grew 31.6%, free cash flow grew 24.1% and total debt rose 3.56%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

76.08 0.44 −0.58%
Market cap
$5.8B
P/E
19.2×
Fwd P/E
16.7×
Dividend yield
3.66%
F-score
6/9
Altman Z
1.01
Beneish M
−2.55
Dividend safety
39/100

Black Hills Corporation (BKH) P/E ratio

Alert me on P/E ratio

As of 9 October 2026, Black Hills Corporation (BKH) trades at a P/E ratio of 19.2×. Over the past ten years it has ranged from 0.0× (June 2016) to 229× (July 2016); the current reading is higher than 71% of that period. That is above the Utilities Regulated Gas industry median of 16.1× and in line with the Utilities sector median of 19.8×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 17.4× 17.14%
FY2024 14.9× 5.75%
FY2023 14.1× (20.25%)
FY2022 17.7× (6.18%)
FY2021 18.8× 12.09%
FY2020 16.8× (29.67%)
FY2019 23.9× 78.34%
FY2018 13.4× (22.82%)
FY2017 17.3× (59.59%)
FY2016 42.9× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 18.7× 3.95%
Mar 2026 18.0× 3.36%
Dec 2025 17.4× 12.15%
Sep 2025 15.6× 10.06%
42 more quarters

Against its own ten years

Low 0.0× High 229×
Ten-year median 17.6×
Current reading's percentile 73

P/E ratio against peers

Company P/E ratio
SR Spire Inc. compare 8.7×
SWX Southwest Gas Corporation compare 11.0×
UGI UGI Corporation compare 11.9×
NJR NewJersey Resources Corporation compare 14.1×
OGS ONE Gas, Inc. compare 15.6×
BKH Black Hills Corporation 19.2×
MDU MDU Resources Group, Inc. compare 19.7×
CPK Chesapeake Utilities Corporation compare 20.3×
CTRI Centuri Holdings, Inc. compare 67.4×
Utilities Regulated Gas industry median 16.1×
Utilities sector median 19.8×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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