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.
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Black Hills Corporation (BKH) 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 | Free account |
Against its own ten years
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)