Black Hills Key Executives
This section highlights Black Hills's key executives, including their titles and compensation details.
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Black Hills Earnings
This section highlights Black Hills's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-06 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-07 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-09 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-08 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-02 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-04 | N/A | N/A |
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
$59.23
Stock Price
$4.24B
Market Cap
-
Employees
Rapid City, SD
Location
Financial Statements
Access annual & quarterly financial statements for Black Hills, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.13B | $2.33B | $458.50M | $413.90M | $1.70B |
| Cost of Revenue | $1 | $1.53B | $1.78B | $1.24B | $1.04B |
| Gross Profit | $2.13B | $796.40M | $-1.32B | $-829.72M | $652.70M |
| Gross Profit Ratio | 100.00% | 34.20% | -288.00% | -200.50% | 38.46% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $4.40M | $365.00K | $834.00K | $2.95M |
| Other Expenses | $1.62B | $319.30M | $3.20M | $4.40M | $224.50M |
| Operating Expenses | $1.62B | $323.70M | $3.20M | $4.40M | $224.50M |
| Cost and Expenses | $1.62B | $1.86B | $3.20M | $4.40M | $1.27B |
| Interest Income | $13.50M | $12.10M | $1.59M | $1.71M | $1.46M |
| Interest Expense | $195.20M | $180.00M | $161.00M | $152.40M | $143.50M |
| Depreciation and Amortization | $270.10M | $256.80M | $250.91M | $235.95M | $224.46M |
| EBITDA | $785.30M | $735.50M | $706.61M | $645.64M | $649.81M |
| EBITDA Ratio | 36.91% | 31.55% | 99.67% | 99.28% | 38.33% |
| Operating Income | $503.10M | $472.70M | $206.09M | $174.95M | $428.30M |
| Operating Income Ratio | 23.65% | 20.28% | 44.95% | 42.27% | 25.24% |
| Total Other Income Expenses Net | $-183.10M | $-171.10M | $-159.20M | $-150.90M | $-152.62M |
| Income Before Tax | $320.00M | $301.60M | $296.00M | $258.50M | $275.50M |
| Income Before Tax Ratio | 15.04% | 12.94% | 64.56% | 62.45% | 16.24% |
| Income Tax Expense | $36.30M | $25.60M | $25.20M | $7.20M | $32.90M |
| Net Income | $273.10M | $262.20M | $258.40M | $236.70M | $227.61M |
| Net Income Ratio | 12.84% | 11.25% | 56.36% | 57.19% | 13.41% |
| EPS | $3.91 | $3.91 | $3.98 | $3.74 | $3.65 |
| EPS Diluted | $3.91 | $3.91 | $3.97 | $3.74 | $3.65 |
| Weighted Average Shares Outstanding | 69.80M | 67.00M | 64.86M | 63.22M | 62.38M |
| Weighted Average Shares Outstanding Diluted | 69.90M | 67.10M | 65.02M | 63.33M | 62.44M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $597.10M | $401.60M | $402.60M | $726.40M | $591.70M | $407.10M | $411.30M | $921.20M | $130.60M | $462.60M | $474.20M | $823.60M | $114.80M | $380.60M | $372.57M | $633.43M | $486.40M | $346.60M | $326.91M | $537.10M |
| Cost of Revenue | $348.30M | $94.50M | $314.70M | $512.90M | $431.03M | $244.40M | $283.00M | $684.70M | $581.80M | $319.10M | $337.70M | $589.70M | $372.75M | $231.60M | $231.72M | $422.83M | $305.40M | $208.00M | $188.94M | $327.50M |
| Gross Profit | $248.80M | $307.10M | $87.90M | $213.50M | $160.67M | $162.70M | $128.30M | $236.50M | $-451.20M | $143.50M | $136.50M | $233.90M | $-257.94M | $149.00M | $140.85M | $210.61M | $181.00M | $138.60M | $137.98M | $209.60M |
| Gross Profit Ratio | 41.67% | 76.50% | 21.80% | 29.40% | 27.20% | 40.00% | 31.20% | 25.70% | -345.50% | 31.00% | 28.80% | 28.40% | -224.70% | 39.10% | 37.80% | 33.20% | 37.21% | 39.99% | 42.21% | 39.02% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $1.06M | $1.11M | $2.88M | $- | $92.00K | $91.00K | $210.00K | $- | $208.00K | $210.00K | $2.63M | $- | $739.00K | $737.00K | $737.00K | $- |
| Other Expenses | $85.50M | $325.80M | $-16.60M | $-17.00M | $-17.00M | $-600.00K | $-1.50M | $61.60M | $600.00K | $64.00M | $1.60M | $60.50M | $-200.00K | $1.60M | $-191.00K | $266.00K | $-1.60M | $-1.20M | $-1.86M | $2.40M |
| Operating Expenses | $85.50M | $325.80M | $16.60M | $17.00M | $17.00M | $64.90M | $64.70M | $61.60M | $600.00K | $64.00M | $64.10M | $60.50M | $900.00K | $59.20M | $73.59M | $72.29M | $55.00M | $56.30M | $71.04M | $56.40M |
| Cost and Expenses | $433.80M | $420.30M | $331.30M | $529.90M | $448.03M | $309.30M | $347.70M | $746.30M | $600.00K | $383.10M | $401.80M | $650.20M | $900.00K | $290.80M | $305.31M | $495.12M | $360.40M | $264.30M | $259.98M | $383.90M |
| Interest Income | $600.00K | $5.40M | $5.60M | $2.00M | $6.31M | $3.48M | $1.75M | $561.00K | $469.00K | $561.00K | $289.00K | $276.00K | $430.00K | $586.00K | $467.00K | $225.00K | $433.00K | $480.00K | $220.00K | $328.00K |
| Interest Expense | $50.40M | $50.60M | $48.20M | $46.00M | $47.45M | $41.00M | $41.50M | $43.50M | $43.70M | $40.00M | $38.80M | $38.50M | $38.60M | $38.00M | $38.67M | $37.83M | $36.40M | $36.00M | $35.77M | $35.50M |
| Depreciation and Amortization | $68.30M | $69.30M | $66.60M | $65.90M | $65.60M | $64.88M | $64.71M | $61.64M | $62.30M | $64.02M | $64.13M | $60.46M | $61.08M | $59.16M | $58.44M | $57.27M | $55.04M | $56.35M | $56.66M | $56.40M |
| EBITDA | $232.50M | $149.20M | $137.20M | $259.20M | $201.03M | $164.77M | $127.72M | $237.05M | $191.06M | $143.41M | $136.31M | $233.82M | $175.26M | $149.24M | $125.27M | $195.58M | $186.16M | $137.84M | $122.86M | $209.59M |
| EBITDA Ratio | 38.94% | 37.15% | 34.25% | 36.12% | 35.37% | 39.82% | 30.83% | 25.75% | 98.77% | 31.13% | 29.12% | 28.48% | 99.04% | 39.57% | 33.81% | 30.95% | 36.88% | 39.64% | 37.30% | 39.47% |
| Operating Income | $163.30M | $75.80M | $71.30M | $196.50M | $143.67M | $97.80M | $63.50M | $174.90M | $66.70M | $79.50M | $72.40M | $173.40M | $114.00M | $89.90M | $67.27M | $138.31M | $126.00M | $82.20M | $66.93M | $153.20M |
| Operating Income Ratio | 27.35% | 18.87% | 17.71% | 27.05% | 24.28% | 24.02% | 15.44% | 18.99% | 51.07% | 17.19% | 15.27% | 21.05% | 99.30% | 23.62% | 18.05% | 21.84% | 25.90% | 23.72% | 20.47% | 28.52% |
| Total Other Income Expenses Net | $-49.50M | $-46.50M | $-42.20M | $-44.80M | $-43.56M | $-41.65M | $-43.00M | $-42.80M | $-44.72M | $-39.55M | $-37.20M | $-37.84M | $-38.81M | $-36.46M | $-38.39M | $-37.33M | $-38.02M | $-37.23M | $-37.41M | $-39.96M |
| Income Before Tax | $113.80M | $29.30M | $28.40M | $148.50M | $92.80M | $56.20M | $20.60M | $132.10M | $85.30M | $40.00M | $35.20M | $135.60M | $75.10M | $53.40M | $28.87M | $100.98M | $88.00M | $45.10M | $29.52M | $113.20M |
| Income Before Tax Ratio | 19.06% | 7.30% | 7.05% | 20.44% | 15.68% | 13.80% | 5.01% | 14.34% | 65.31% | 8.65% | 7.42% | 16.46% | 65.42% | 14.03% | 7.75% | 15.94% | 18.09% | 13.01% | 9.03% | 21.08% |
| Income Tax Expense | $12.70M | $-2.90M | $3.70M | $16.90M | $9.60M | $7.40M | $-6.10M | $14.70M | $9.30M | $2.10M | $-700.00K | $14.50M | $800.00K | $5.30M | $586.00K | $494.00K | $7.40M | $4.70M | $4.83M | $16.00M |
| Net Income | $98.10M | $32.20M | $22.80M | $127.90M | $79.68M | $45.38M | $23.05M | $114.10M | $72.47M | $34.90M | $33.40M | $117.50M | $71.10M | $44.10M | $25.16M | $96.32M | $77.20M | $36.20M | $20.97M | $93.10M |
| Net Income Ratio | 16.43% | 8.02% | 5.66% | 17.61% | 13.47% | 11.15% | 5.60% | 12.39% | 55.49% | 7.54% | 7.04% | 14.27% | 61.93% | 11.59% | 6.75% | 15.21% | 15.87% | 10.44% | 6.41% | 17.33% |
| EPS | $1.41 | $0.46 | $0.33 | $1.88 | $1.17 | $0.67 | $0.35 | $1.73 | $1.11 | $0.54 | $0.52 | $1.82 | $1.11 | $0.70 | $0.40 | $1.54 | $1.23 | $0.58 | $0.34 | $1.51 |
| EPS Diluted | $1.40 | $0.46 | $0.33 | $1.87 | $1.17 | $0.67 | $0.35 | $1.73 | $1.11 | $0.54 | $0.52 | $1.82 | $1.11 | $0.70 | $0.40 | $1.54 | $1.23 | $0.58 | $0.33 | $1.51 |
| Weighted Average Shares Outstanding | 69.80M | 70.50M | 69.00M | 68.20M | 67.90M | 67.31M | 66.59M | 66.04M | 65.26M | 64.88M | 64.72M | 64.56M | 64.02M | 63.34M | 62.87M | 62.63M | 62.58M | 62.58M | 62.57M | 61.78M |
| Weighted Average Shares Outstanding Diluted | 69.90M | 70.60M | 69.00M | 68.30M | 68.00M | 67.39M | 66.68M | 66.13M | 65.43M | 65.06M | 64.88M | 64.72M | 64.13M | 63.44M | 62.92M | 62.69M | 62.66M | 62.63M | 62.62M | 61.86M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.10M | $86.60M | $21.43M | $8.92M | $6.36M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $16.10M | $86.60M | $21.43M | $8.92M | $6.36M |
| Net Receivables | $371.00M | $368.80M | $508.20M | $339.67M | $285.41M |
| Inventory | $153.90M | $160.90M | $207.42M | $150.98M | $117.40M |
| Other Current Assets | $201.30M | $210.30M | $329.10M | $308.56M | $84.13M |
| Total Current Assets | $742.30M | $826.60M | $1.07B | $808.13M | $493.29M |
| Property Plant Equipment Net | $7.63B | $7.12B | $6.80B | $6.45B | $6.02B |
| Goodwill | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B |
| Intangible Assets | $7.60M | $8.40M | $9.59M | $10.77M | $11.94M |
| Goodwill and Intangible Assets | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B |
| Long Term Investments | $- | $- | $535.00K | $-465.39M | $-408.62M |
| Tax Assets | $- | $- | $508.94M | $465.39M | $408.62M |
| Other Non-Current Assets | $343.30M | $366.60M | $-69.94M | $564.36M | $264.38M |
| Total Non-Current Assets | $9.28B | $8.79B | $8.55B | $8.32B | $7.60B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B |
| Account Payables | $229.10M | $186.40M | $310.02M | $217.76M | $183.34M |
| Short Term Debt | $133.80M | $600.00M | $1.06B | $420.18M | $242.48M |
| Tax Payables | $54.70M | $52.70M | $52.43M | $50.87M | $47.10M |
| Deferred Revenue | $- | $- | $47.66M | $48.81M | $52.19M |
| Other Current Liabilities | $345.80M | $346.00M | $243.64M | $212.90M | $223.61M |
| Total Current Liabilities | $763.40M | $1.19B | $1.67B | $901.71M | $696.53M |
| Long Term Debt | $- | $3.80B | $3.61B | $4.13B | $3.53B |
| Deferred Revenue Non-Current | $- | $- | $- | $609.30M | $658.22M |
| Deferred Tax Liabilities Non-Current | $625.10M | $548.00M | $508.94M | $465.39M | $408.62M |
| Other Non-Current Liabilities | $5.05B | $780.30M | $1.25B | $750.75M | $789.08M |
| Total Non-Current Liabilities | $5.67B | $5.13B | $4.86B | $5.34B | $4.73B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $6.44B | $6.31B | $6.53B | $6.24B | $5.43B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $71.70M | $68.30M | $66.14M | $64.79M | $62.83M |
| Retained Earnings | $1.25B | $1.16B | $1.06B | $962.46M | $870.74M |
| Accumulated Other Comprehensive Income Loss | $-9.40M | $-14.80M | $-15.57M | $-20.08M | $-27.35M |
| Other Total Stockholders Equity | $2.19B | $2.00B | $1.88B | $1.78B | $1.66B |
| Total Stockholders Equity | $3.50B | $3.22B | $2.99B | $2.79B | $2.56B |
| Total Equity | $3.59B | $3.31B | $3.09B | $2.89B | $2.66B |
| Total Liabilities and Stockholders Equity | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B |
| Minority Interest | $83.70M | $90.50M | $94.98M | $100.03M | $101.26M |
| Total Liabilities and Total Equity | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B |
| Total Investments | $- | $-548.00M | $535.00K | $-465.39M | $-408.62M |
| Total Debt | $133.80M | $4.40B | $4.67B | $4.55B | $3.77B |
| Net Debt | $133.80M | $4.31B | $4.65B | $4.54B | $3.76B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.10M | $12.50M | $631.70M | $129.70M | $93.00M | $600.50M | $152.58M | $39.37M | $21.43M | $11.69M | $10.22M | $16.33M | $8.92M | $10.18M | $1.18M | $13.44M | $6.36M | $6.96M | $31.61M | $54.14M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $16.10M | $12.50M | $631.70M | $129.70M | $93.00M | $600.50M | $152.58M | $39.37M | $21.43M | $11.69M | $10.22M | $16.33M | $8.92M | $10.18M | $1.18M | $13.44M | $6.36M | $6.96M | $31.61M | $54.14M |
| Net Receivables | $371.00M | $225.30M | $241.30M | $352.60M | $368.80M | $246.58M | $278.57M | $494.86M | $525.80M | $266.86M | $284.40M | $401.78M | $339.67M | $199.43M | $207.01M | $300.50M | $285.41M | $181.31M | $191.10M | $238.90M |
| Inventory | $153.90M | $155.40M | $134.80M | $130.60M | $160.90M | $168.08M | $136.53M | $129.96M | $207.42M | $223.16M | $152.86M | $108.23M | $150.98M | $145.74M | $114.09M | $102.60M | $117.40M | $126.36M | $105.99M | $92.89M |
| Other Current Assets | $201.30M | $206.30M | $165.80M | $191.40M | $203.90M | $225.11M | $234.64M | $254.13M | $311.50M | $347.53M | $312.94M | $317.95M | $308.56M | $272.37M | $249.47M | $162.07M | $84.13M | $89.04M | $85.41M | $103.74M |
| Total Current Assets | $742.30M | $599.50M | $1.17B | $797.60M | $826.60M | $1.24B | $802.33M | $918.32M | $1.07B | $849.25M | $760.43M | $849.31M | $808.13M | $627.73M | $571.74M | $578.62M | $493.29M | $403.66M | $414.11M | $489.67M |
| Property Plant Equipment Net | $7.63B | $7.47B | $7.36B | $7.22B | $7.12B | $7.01B | $6.92B | $6.84B | $6.80B | $6.70B | $6.59B | $6.47B | $6.45B | $6.32B | $6.20B | $6.10B | $6.02B | $5.85B | $5.70B | $5.58B |
| Goodwill | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B |
| Intangible Assets | $7.60M | $7.90M | $8.10M | $8.40M | $8.40M | $8.71M | $9.00M | $9.30M | $9.59M | $9.88M | $10.18M | $10.47M | $10.77M | $11.06M | $11.36M | $11.65M | $11.94M | $12.24M | $12.54M | $13.08M |
| Goodwill and Intangible Assets | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B |
| Long Term Investments | $- | $- | $700.00K | $-576.10M | $-548.00M | $18.00K | $-203.40M | $- | $535.00K | $1.37M | $1.18M | $-490.38M | $60.92M | $171.99M | $181.29M | $244.18M | $-182.04M | $15.66M | $15.44M | $15.25M |
| Tax Assets | $- | $- | $598.50M | $576.10M | $548.00M | $530.99M | $528.63M | $535.85M | $508.94M | $491.86M | $490.21M | $490.38M | $465.39M | $445.04M | $436.50M | $428.13M | $408.62M | $398.14M | $388.96M | $387.94M |
| Other Non-Current Assets | $343.30M | $342.20M | $-250.00M | $348.10M | $366.60M | $-158.86M | $53.59M | $-140.19M | $-69.94M | $-26.84M | $-14.03M | $498.00M | $38.05M | $37.55M | $40.97M | $38.88M | $37.80M | $-152.07M | $-143.76M | $-140.87M |
| Total Non-Current Assets | $9.28B | $9.12B | $9.01B | $8.88B | $8.79B | $8.69B | $8.61B | $8.54B | $8.55B | $8.47B | $8.37B | $8.28B | $8.32B | $8.28B | $8.17B | $8.12B | $7.60B | $7.43B | $7.28B | $7.16B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 | $- | $- | $- | $- |
| Total Assets | $10.02B | $9.72B | $10.19B | $9.68B | $9.62B | $9.93B | $9.41B | $9.46B | $9.62B | $9.32B | $9.13B | $9.13B | $9.13B | $8.91B | $8.74B | $8.70B | $8.09B | $7.83B | $7.69B | $7.65B |
| Account Payables | $229.10M | $136.30M | $155.20M | $132.60M | $186.40M | $124.03M | $133.30M | $173.22M | $310.02M | $187.05M | $185.74M | $173.10M | $217.76M | $142.13M | $133.35M | $160.18M | $183.34M | $152.01M | $118.94M | $136.34M |
| Short Term Debt | $133.80M | $17.50M | $600.00M | $600.00M | $600.00M | $1.12B | $525.00M | $525.00M | $1.06B | $501.35M | $335.05M | $341.48M | $420.18M | $332.52M | $836.85M | $822.87M | $242.48M | $94.19M | $4.31M | $324.87M |
| Tax Payables | $54.70M | $47.70M | $43.70M | $55.80M | $52.70M | $46.31M | $40.30M | $54.69M | $52.43M | $46.51M | $42.94M | $53.39M | $50.87M | $44.23M | $39.42M | $49.27M | $47.10M | $40.62M | $36.83M | $45.67M |
| Deferred Revenue | $55.60M | $- | $54.70M | $60.30M | $76.00M | $57.10M | $42.73M | $42.12M | $47.66M | $44.25M | $43.15M | $39.54M | $48.81M | $53.65M | $47.58M | $50.19M | $52.19M | $59.51M | $45.14M | $43.52M |
| Other Current Liabilities | $290.20M | $334.70M | $307.90M | $300.00M | $346.00M | $307.33M | $279.26M | $286.00M | $243.64M | $234.69M | $221.45M | $226.75M | $212.90M | $239.23M | $220.91M | $197.28M | $171.43M | $227.11M | $224.88M | $212.98M |
| Total Current Liabilities | $763.40M | $536.20M | $1.11B | $1.09B | $1.19B | $1.60B | $977.86M | $1.04B | $1.67B | $969.60M | $785.18M | $794.72M | $901.71M | $758.12M | $1.23B | $1.23B | $696.53M | $513.93M | $384.96M | $719.85M |
| Long Term Debt | $4.25B | $4.25B | $4.25B | $3.80B | $3.80B | $3.80B | $3.96B | $3.95B | $3.61B | $4.13B | $4.13B | $4.13B | $4.13B | $4.13B | $3.53B | $3.53B | $3.53B | $3.53B | $3.53B | $3.14B |
| Deferred Revenue Non-Current | $- | $- | $- | $-1 | $- | $-1 | $588.35M | $- | $- | $- | $603.98M | $- | $609.30M | $646.99M | $648.90M | $648.79M | $658.22M | $649.37M | $648.97M | $656.84M |
| Deferred Tax Liabilities Non-Current | $625.10M | $- | $598.50M | $576.10M | $548.00M | $530.99M | $528.63M | $535.85M | $508.94M | $491.86M | $490.21M | $490.38M | $465.39M | $445.04M | $436.50M | $428.13M | $408.62M | $398.14M | $388.96M | $387.94M |
| Other Non-Current Liabilities | $798.70M | $1.40B | $790.10M | $786.90M | $780.30M | $740.19M | $1.27B | $739.23M | $1.25B | $746.05M | $746.71M | $746.23M | $750.75M | $781.76M | $781.92M | $784.01M | $789.08M | $769.89M | $768.62M | $779.71M |
| Total Non-Current Liabilities | $5.67B | $5.65B | $5.64B | $5.17B | $5.13B | $5.07B | $5.23B | $5.23B | $4.86B | $5.37B | $5.37B | $5.36B | $5.34B | $5.35B | $4.75B | $4.74B | $4.73B | $4.69B | $4.69B | $4.30B |
| Other Liabilities | $- | $- | $- | $1 | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $6.44B | $6.19B | $6.74B | $6.25B | $6.31B | $6.67B | $6.21B | $6.27B | $6.53B | $6.34B | $6.15B | $6.16B | $6.24B | $6.11B | $5.98B | $5.97B | $5.43B | $5.21B | $5.08B | $5.02B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $71.70M | $71.70M | $69.70M | $69.00M | $68.30M | $68.05M | $67.11M | $66.67M | $66.14M | $65.11M | $65.11M | $64.85M | $64.79M | $63.87M | $63.53M | $62.91M | $62.83M | $62.77M | $62.77M | $62.77M |
| Retained Earnings | $1.25B | $1.20B | $1.22B | $1.24B | $1.16B | $1.12B | $1.12B | $1.14B | $1.06B | $1.03B | $1.04B | $1.04B | $962.46M | $929.37M | $921.12M | $931.54M | $870.74M | $828.99M | $826.27M | $838.84M |
| Accumulated Other Comprehensive Income Loss | $-9.40M | $-10.60M | $-11.30M | $-12.30M | $-14.80M | $-12.91M | $-13.31M | $-14.35M | $-15.57M | $-20.39M | $-22.82M | $-20.08M | $-20.08M | $-19.17M | $-24.45M | $-26.33M | $-27.35M | $-26.92M | $-28.43M | $-29.38M |
| Other Total Stockholders Equity | $2.19B | $2.19B | $2.08B | $2.04B | $2.00B | $1.99B | $1.94B | $1.91B | $1.88B | $1.81B | $1.81B | $1.79B | $1.78B | $1.72B | $1.70B | $1.66B | $1.66B | $1.65B | $1.65B | $1.65B |
| Total Stockholders Equity | $3.50B | $3.45B | $3.36B | $3.33B | $3.22B | $3.17B | $3.11B | $3.10B | $2.99B | $2.89B | $2.89B | $2.87B | $2.79B | $2.70B | $2.66B | $2.62B | $2.56B | $2.52B | $2.51B | $2.52B |
| Total Equity | $3.59B | $3.53B | $3.44B | $3.42B | $3.31B | $3.26B | $3.20B | $3.19B | $3.09B | $2.98B | $2.98B | $2.97B | $2.89B | $2.80B | $2.76B | $2.73B | $2.66B | $2.62B | $2.61B | $2.62B |
| Total Liabilities and Stockholders Equity | $10.02B | $9.72B | $10.19B | $9.68B | $9.62B | $9.93B | $9.41B | $9.46B | $9.62B | $9.32B | $9.13B | $9.13B | $9.13B | $8.91B | $8.74B | $8.70B | $8.09B | $7.83B | $7.69B | $7.65B |
| Minority Interest | $83.70M | $85.60M | $86.10M | $88.60M | $90.50M | $92.25M | $92.75M | $93.78M | $94.98M | $97.14M | $97.35M | $99.11M | $100.03M | $102.38M | $99.85M | $100.79M | $101.26M | $101.15M | $101.20M | $101.25M |
| Total Liabilities and Total Equity | $10.02B | $9.72B | $10.19B | $9.68B | $9.62B | $9.93B | $9.41B | $9.46B | $9.62B | $9.32B | $9.13B | $9.13B | $9.13B | $8.91B | $8.74B | $8.70B | $8.09B | $7.83B | $7.69B | $7.65B |
| Total Investments | $- | $- | $700.00K | $-576.10M | $-548.00M | $18.00K | $-203.40M | $- | $535.00K | $1.37M | $1.18M | $-490.38M | $60.92M | $171.99M | $181.29M | $244.18M | $-182.04M | $15.66M | $15.44M | $15.25M |
| Total Debt | $4.38B | $4.27B | $4.85B | $4.40B | $4.40B | $4.92B | $4.48B | $4.48B | $4.67B | $4.63B | $4.46B | $4.47B | $4.55B | $4.46B | $4.37B | $4.35B | $3.77B | $3.62B | $3.54B | $3.46B |
| Net Debt | $4.37B | $4.25B | $4.22B | $4.27B | $4.31B | $4.32B | $4.33B | $4.44B | $4.65B | $4.62B | $4.45B | $4.45B | $4.54B | $4.45B | $4.37B | $4.34B | $3.76B | $3.61B | $3.51B | $3.41B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $283.70M | $262.20M | $270.76M | $251.26M | $242.76M |
| Depreciation and Amortization | $270.10M | $256.80M | $250.91M | $245.54M | $243.31M |
| Deferred Income Tax | $52.00M | $25.40M | $25.59M | $7.26M | $38.09M |
| Stock Based Compensation | $10.60M | $7.00M | $8.60M | $9.70M | $5.37M |
| Change in Working Capital | $106.30M | $382.80M | $33.42M | $-592.44M | $818.00K |
| Accounts Receivables | $-25.70M | $204.50M | $-184.45M | $-43.17M | $-10.84M |
| Inventory | $- | $51.40M | $-75.40M | $-35.71M | $2.75M |
| Accounts Payables | $28.80M | $-109.90M | $89.41M | $10.66M | $24.66M |
| Other Working Capital | $103.20M | $236.80M | $203.87M | $-524.22M | $-15.75M |
| Other Non Cash Items | $-3.40M | $10.20M | $-4.43M | $14.15M | $11.51M |
| Net Cash Provided by Operating Activities | $719.30M | $944.40M | $584.80M | $-64.56M | $541.86M |
| Investments in Property Plant and Equipment | $-744.20M | $-555.60M | $-604.37M | $-677.49M | $-767.40M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.80M | $18.90M | $485.00K | $13.26M | $5.74M |
| Net Cash Used for Investing Activities | $-746.00M | $-536.70M | $-603.88M | $-664.23M | $-761.66M |
| Debt Repayment | $-16.20M | $-260.60M | $- | $777.70M | $275.94M |
| Common Stock Issued | $181.40M | $118.30M | $90.10M | $119.00M | $99.28M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-182.30M | $-168.10M | $-156.70M | $-145.00M | $-135.44M |
| Other Financing Activities | $-25.80M | $-31.30M | $189.00M | $-19.80M | $-22.90M |
| Net Cash Used Provided by Financing Activities | $-42.90M | $-341.70M | $32.25M | $731.87M | $216.88M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-69.60M | $66.00M | $13.18M | $3.07M | $-2.92M |
| Cash at End of Period | $23.40M | $93.00M | $26.98M | $13.81M | $10.74M |
| Cash at Beginning of Period | $93.00M | $27.00M | $13.81M | $10.74M | $13.66M |
| Operating Cash Flow | $719.30M | $944.40M | $584.80M | $-64.56M | $541.86M |
| Capital Expenditure | $-744.20M | $-555.60M | $-604.37M | $-677.49M | $-767.40M |
| Free Cash Flow | $-24.90M | $388.80M | $-19.56M | $-742.06M | $-225.54M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $101.10M | $31.90M | $22.80M | $127.90M | $79.60M | $45.38M | $26.54M | $117.38M | $76.05M | $37.83M | $35.85M | $121.02M | $74.32M | $48.16M | $28.29M | $100.49M | $80.50M | $40.35M | $24.69M | $97.22M |
| Depreciation and Amortization | $- | $- | $66.60M | $65.90M | $65.60M | $64.88M | $35.83M | $61.64M | $126.32M | $64.02M | $64.13M | $60.46M | $63.89M | $61.00M | $61.07M | $57.27M | $55.04M | $59.99M | $61.08M | $56.40M |
| Deferred Income Tax | $12.40M | $3.00M | $19.90M | $16.70M | $9.29M | $6.91M | $-5.66M | $14.86M | $9.53M | $2.20M | $-602.00K | $14.46M | $1.42M | $5.15M | $539.00K | $153.00K | $9.59M | $2.10M | $4.53M | $21.88M |
| Stock Based Compensation | $2.40M | $2.80M | $3.00M | $2.40M | $2.44M | $252.00K | $2.50M | $1.80M | $1.82M | $2.94M | $196.00K | $3.64M | $2.41M | $2.20M | $1.79M | $3.26M | $2.68M | $1.58M | $822.00K | $291.00K |
| Change in Working Capital | $-28.30M | $-3.90M | $114.80M | $11.40M | $12.20M | $25.42M | $192.87M | $132.28M | $-66.75M | $-52.66M | $98.97M | $53.86M | $-70.82M | $-4.25M | $40.20M | $-557.57M | $-37.37M | $-1.73M | $33.83M | $6.09M |
| Accounts Receivables | $-149.60M | $6.80M | $128.40M | $-11.30M | $-98.26M | $35.94M | $238.09M | $28.73M | $-248.73M | $8.64M | $126.88M | $-71.24M | $-140.52M | $8.84M | $100.11M | $-11.60M | $-86.80M | $2.66M | $36.20M | $8.17M |
| Inventory | $2.30M | $-29.00M | $-1.40M | $30.40M | $7.85M | $-29.48M | $-3.10M | $76.12M | $13.00M | $-81.41M | $-41.99M | $34.99M | $-5.76M | $-33.92M | $-11.96M | $15.93M | $13.66M | $-18.41M | $-11.72M | $19.22M |
| Accounts Payables | $90.60M | $15.60M | $-17.80M | $-59.60M | $76.60M | $14.89M | $-74.16M | $-127.23M | $83.44M | $30.09M | $-15.71M | $-8.42M | $30.75M | $39.55M | $-36.04M | $-23.60M | $35.80M | $51.95M | $-19.79M | $-43.30M |
| Other Working Capital | $28.40M | $2.70M | $5.60M | $51.90M | $26.01M | $4.06M | $32.03M | $154.67M | $85.54M | $-9.98M | $29.79M | $98.53M | $44.70M | $-18.70M | $-11.92M | $-538.30M | $-21.00K | $-37.93M | $29.14M | $22.00M |
| Other Non Cash Items | $65.60M | $68.30M | $30.50M | $183.80M | $19.22M | $8.14M | $24.21M | $796.00K | $-56.41M | $-2.08M | $-20.84M | $10.67M | $8.97M | $-6.86M | $4.03M | $10.31M | $11.97M | $8.17M | $-7.92M | $10.09M |
| Net Cash Provided by Operating Activities | $153.20M | $102.10M | $230.60M | $233.40M | $188.35M | $150.98M | $276.33M | $328.75M | $90.51M | $52.26M | $177.91M | $264.12M | $80.19M | $105.41M | $135.91M | $-386.09M | $122.40M | $110.45M | $117.04M | $191.97M |
| Investments in Property Plant and Equipment | $-213.70M | $-188.10M | $-166.20M | $-176.20M | $-133.83M | $-160.03M | $-142.63M | $-119.11M | $-138.06M | $-172.50M | $-157.02M | $-136.78M | $-179.64M | $-178.37M | $-173.17M | $-146.30M | $-231.41M | $-187.68M | $-176.43M | $-171.88M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-300.00K | $-3.20M | $2.40M | $-700.00K | $915.00K | $1.62M | $-1.23M | $17.60M | $504.00K | $-2.44M | $3.48M | $-1.06M | $-481.00K | $4.00M | $9.66M | $78.00K | $-529.00K | $7.68M | $-210.00K | $-1.20M |
| Net Cash Used for Investing Activities | $-214.00M | $-191.30M | $-163.80M | $-176.90M | $-132.91M | $-158.41M | $-143.87M | $-101.50M | $-137.56M | $-174.94M | $-153.54M | $-137.84M | $-180.12M | $-174.37M | $-163.51M | $-146.22M | $-231.94M | $-180.00M | $-176.64M | $-173.08M |
| Debt Repayment | $116.30M | $-582.50M | $450.00M | $- | $-525.00M | $450.00M | $- | $-185.60M | $34.25M | $166.30M | $-6.43M | $- | $87.66M | $95.67M | $13.98M | $580.39M | $148.29M | $82.88M | $79.44M | $-34.67M |
| Common Stock Issued | $-200.00K | $108.60M | $41.80M | $31.20M | $10.92M | $52.70M | $27.30M | $27.40M | $70.02M | $-68.00K | $16.30M | $3.79M | $56.00M | $22.94M | $40.04M | $- | $-38.00K | $-119.00K | $114.00K | $99.32M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-46.50M | $-46.50M | $-44.90M | $-44.40M | $-42.65M | $-42.33M | $-41.70M | $-41.40M | $-40.85M | $-38.71M | $-38.60M | $-38.53M | $-38.07M | $-35.87M | $-35.58M | $-35.51M | $-35.44M | $-33.56M | $-33.54M | $-32.90M |
| Other Financing Activities | $-5.00M | $-2.50M | $-11.70M | $-6.60M | $-6.22M | $-10.98M | $-4.64M | $-9.50M | $-6.46M | $-3.11M | $-1.62M | $-84.00M | $-6.79M | $-4.59M | $-3.03M | $-5.38M | $-3.75M | $-4.16M | $-8.86M | $-6.13M |
| Net Cash Used Provided by Financing Activities | $64.60M | $-522.90M | $435.20M | $-19.80M | $-562.95M | $449.39M | $-19.04M | $-209.10M | $56.94M | $124.41M | $-30.35M | $-118.74M | $98.81M | $78.16M | $15.41M | $539.50M | $109.06M | $45.05M | $37.15M | $25.62M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $15.00K | $-406.18M | $-77.59M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $3.80M | $-612.10M | $502.00M | $36.70M | $-507.50M | $441.95M | $113.42M | $18.14M | $9.89M | $1.73M | $-5.99M | $7.54M | $-1.12M | $9.20M | $-12.19M | $7.19M | $-473.00K | $-24.50M | $-22.45M | $44.51M |
| Cash at End of Period | $23.40M | $19.60M | $631.70M | $129.70M | $93.00M | $600.50M | $158.55M | $45.13M | $26.98M | $17.09M | $15.36M | $21.35M | $13.81M | $14.93M | $5.73M | $17.93M | $10.74M | $11.21M | $35.71M | $58.16M |
| Cash at Beginning of Period | $19.60M | $631.70M | $129.70M | $93.00M | $600.50M | $158.55M | $45.13M | $26.98M | $17.09M | $15.36M | $21.35M | $13.81M | $14.93M | $5.73M | $17.93M | $10.74M | $11.21M | $35.71M | $58.16M | $13.66M |
| Operating Cash Flow | $153.20M | $102.10M | $230.60M | $233.40M | $188.35M | $150.98M | $276.33M | $328.75M | $90.51M | $52.26M | $177.91M | $264.12M | $80.19M | $105.41M | $135.91M | $-386.09M | $122.40M | $110.45M | $117.04M | $191.97M |
| Capital Expenditure | $-213.70M | $-188.10M | $-166.20M | $-176.20M | $-133.83M | $-160.03M | $-142.63M | $-119.11M | $-138.06M | $-172.50M | $-157.02M | $-136.78M | $-179.64M | $-178.37M | $-173.17M | $-146.30M | $-231.41M | $-187.68M | $-176.43M | $-171.88M |
| Free Cash Flow | $-60.50M | $-86.00M | $64.40M | $57.20M | $54.52M | $-9.05M | $133.69M | $209.64M | $-47.55M | $-120.24M | $20.89M | $127.34M | $-99.45M | $-72.96M | $-37.26M | $-532.39M | $-109.01M | $-77.23M | $-59.39M | $20.09M |
Black Hills Dividends
Explore Black Hills's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
4.46%
Dividend Payout Ratio
66.75%
Dividend Paid & Capex Coverage Ratio
0.78x
Black Hills Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.676 | $0.676 | February 18, 2025 | February 18, 2025 | March 01, 2025 | January 24, 2025 |
| $0.65 | $0.65 | November 18, 2024 | November 18, 2024 | December 01, 2024 | October 28, 2024 |
| $0.65 | $0.65 | August 19, 2024 | August 19, 2024 | September 01, 2024 | July 22, 2024 |
| $0.65 | $0.65 | May 16, 2024 | May 17, 2024 | June 01, 2024 | April 22, 2024 |
| $0.65 | $0.65 | February 15, 2024 | February 16, 2024 | March 01, 2024 | January 26, 2024 |
| $0.625 | $0.625 | November 16, 2023 | November 17, 2023 | December 01, 2023 | October 23, 2023 |
| $0.625 | $0.625 | August 17, 2023 | August 18, 2023 | September 01, 2023 | July 24, 2023 |
| $0.625 | $0.625 | May 17, 2023 | May 18, 2023 | June 01, 2023 | April 24, 2023 |
| $0.625 | $0.625 | February 13, 2023 | February 14, 2023 | March 01, 2023 | January 25, 2023 |
| $0.625 | $0.625 | November 16, 2022 | November 17, 2022 | December 01, 2022 | October 25, 2022 |
| $0.595 | $0.595 | August 17, 2022 | August 18, 2022 | September 01, 2022 | July 25, 2022 |
| $0.595 | $0.595 | May 17, 2022 | May 18, 2022 | June 01, 2022 | April 26, 2022 |
| $0.595 | $0.595 | February 11, 2022 | February 14, 2022 | March 01, 2022 | January 26, 2022 |
| $0.595 | $0.595 | November 16, 2021 | November 17, 2021 | December 01, 2021 | October 26, 2021 |
| $0.565 | $0.565 | August 17, 2021 | August 18, 2021 | September 01, 2021 | July 26, 2021 |
| $0.565 | $0.565 | May 17, 2021 | May 18, 2021 | June 01, 2021 | April 26, 2021 |
| $0.565 | $0.565 | February 11, 2021 | February 12, 2021 | March 01, 2021 | January 27, 2021 |
| $0.565 | $0.565 | November 16, 2020 | November 17, 2020 | December 01, 2020 | October 27, 2020 |
| $0.535 | $0.535 | August 17, 2020 | August 18, 2020 | September 01, 2020 | July 27, 2020 |
| $0.535 | $0.535 | May 15, 2020 | May 18, 2020 | June 01, 2020 | April 27, 2020 |
Black Hills News
Read the latest news about Black Hills, including recent articles, headlines, and updates.
2025 Dividend Kings: Strong Run Continues
The Dividend Kings are outperforming the S&P 500 in 2025 by 4.57%. Top performers include National Fuel & Gas (+30.21%), Consolidated Edison (+22.66%), and AbbVie (+20.40%). Promising Dividend Kings identified in February showed relative outperformance, averaging -0.38% vs. -1.58% for all Kings and -3.34% for SPY.
Fear Is A Gift: Buy These 4.5%-Plus Safe And Steady Dividend Aristocrats Before The Rebound
High-yield dividend aristocrats offer stability and income. Due to their defensive sector composition and lower volatility, they outperform the S&P 500 during market downturns. Despite recession fears, economic data shows continued growth driven by consumer spending, particularly from the wealthiest Americans, mitigating recession risks. Here are 10 low-volatility, 4.5%-plus yielding aristocrats that offer attractive long-term income growth in an Ultra SWAN package.
Buy 3 "Safer" Dividend Kings Of 24 Out Of 52 For February
Seven of the top-ten Dividend Kings by yield offer annual dividends from a $1K investment exceeding their single share prices, making them attractive buys. Six Dividend Kings, including Altria Group and Hormel Foods, are currently fair-priced, with dividends meeting or exceeding their single-share prices. Analysts predict net gains between 15% and 45.53% for the top-ten Dividend Kings by February 2026, based on target prices.
2025 Dividend Kings - Off To A Strong Start
The Dividend Kings are outperforming the S&P 500 in 2025, up 4% YTD versus 1.39% for SPY. Ten Dividend Kings have already achieved double-digit returns, led by National Fuel Gas (+22.08%) and Abbott Laboratories (+20.71%). 2025 Dividend growth is looking promising, with ABM Industries and Walmart leading with 17.78% and 15.69% increases, respectively.
Black Hills: Ka-Ching, Ka-Ching, Another Dividend King
Black Hills Corporation is a Dividend King with a 55-year dividend growth streak, trading at an 18% discount to fair value. BKH's five-year capital spending plan increased to $4.7 billion, with a strong balance sheet and a BBB+ credit rating from S&P. The utility's diluted EPS grew 17.1% in Q4 2024, driven by higher revenue and lower operating expenses, projecting 4%-6% annual EPS growth.
17 Upcoming Dividend Increases, Including 3 Kings
This week's dividend increases feature three Dividend Kings: Archer-Daniels-Midland, Consolidated Edison, and Black Hills Corporation, with streaks of 50, 51, and 55 years, respectively. Consistently rising dividends indicate strong cash flow and financial stability, making such companies attractive long-term investments that often outperform benchmarks. My strategy focuses on stocks with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ.
Black Hills Corporation (BKH) Q4 2024 Earnings Call Transcript
Black Hills Corporation (NYSE:BKH ) Q4 2024 Results Conference Call February 6, 2025 11:00 AM ET Company Participants Salvador Diaz - Director, Investor Relations Linden Evans - President & Chief Executive Officer Kimberly Nooney - Senior Vice President & Chief Financial Officer Marne Jones - Senior Vice President-Utilities Conference Call Participants Anthony Crowdell - Mizuho Andrew Weisel - Scotiabank Julien Dumoulin-Smith - Jefferies Chris Ellinghaus - Siebert Williams Operator Good day, and thank you for standing by. Welcome to the Black Hills Corporation Q4 and Full Year 2024 Earnings Webcast and Conference Call.
Black Hills Corp. Reports 2024 Fourth-Quarter and Full-Year Results and Initiates 2025 Earnings Guidance
RAPID CITY, S.D., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced financial results for the fourth quarter and full year ending Dec. 31, 2024. Operating income, net income available for common stock and earnings per share for the three and twelve months ended Dec. 31, 2024, compared to the three and twelve months ended Dec. 31, 2023, were:
Black Hills Corp. Requests Rate Review and Rider Renewal in Kansas
RAPID CITY, S.D., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Kansas natural gas utility has filed a rate review application with the Kansas Corporation Commission requesting recovery of the necessary capital infrastructure and operational costs required to deliver safe, reliable natural gas service for 120,000 Kansas customers.
Black Hills Corp. Announces Increase in Quarterly Dividend
RAPID CITY, S.D., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025.
What Can The Dividend Kings Deliver In 2025?
The Dividend Kings underperformed the broad U.S. equity market in 2024, achieving a 5.53% total return compared to the S&P 500's 24.89%. 2024 returns for the Dividend Kings were primarily driven by earnings growth and dividends, with the change in P/E ratio being a detractor. I breakdown the components of total return for each Dividend King by sector to gain insights into current valuation.
Black Hills Corp. Energizes First Phase of Its Ready Wyoming Electric Transmission Expansion Project
RAPID CITY, S.D., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Wyoming electric utility has successfully placed in service the initial 12-mile segment and supporting substations of its Ready Wyoming transmission expansion project near Cheyenne, Wyoming.
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Black Hills Corporation: Double Digit Upside Potential
I maintain my buy rating on Black Hills Corporation due to its solid dividend coverage, discounted valuation, and strong earnings projections for Q4 2024. BKH stock's starting dividend yield is 4.6%, higher than average, with over 53 years of consecutive raises, making it attractive for income-focused investors. Despite underperformance over the last decade, Black Hills' suppressed valuations present an opportunity to accumulate shares, especially with anticipated future interest rate cuts.
Black Hills Corp. Schedules 2024 Fourth-Quarter and Full-Year Earnings Release and Conference Call
RAPID CITY, S.D., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2024 fourth-quarter and full-year earnings after the market closes Wednesday, Feb. 5, 2025, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Feb. 6, 2025, to discuss the company's financial results.
My Top 10 Utilities For 2025
Long-term rates have risen, creating potential buying opportunities for utilities like AEP, AWK, AWR, BKH, ES, EVRG, SJW, WEC, WTRG, and XEL. These utilities have strong fundamentals, attractive valuations, and investment-grade balance sheets, offering potential total returns of 20% to 56% by 2025. Despite rate sensitivity, these utilities are well-positioned for long-term growth with secure dividends and robust balance sheets.
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Black Hills Corp. Natural Gas Utility Receives Approval for New Rates in Iowa
RAPID CITY, S.D., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility's last general rate filing in 2021.
2 No-Brainer High-Yield Utility Investments to Buy Right Now
The utility sector rallied strongly in 2024, with the average utility stock yield falling from around 3.6% to the current rate of around 2.8%. While that's still better than the 1.2% you would collect from the S&P 500 index, you can do much better.
Here Are My Top 2 High-Yield Energy Stocks to Buy Now
High-yield energy stocks can provide diversification to your portfolio. But if you pick the right high-yielders, they can also offer stability -- you just have to avoid the segments of the energy sector known for massive, commodity-driven price swings.
Black Hills Is Still A Buyable Dividend King Now
Black Hills Corporation has hiked its dividends paid to shareholders for 54 years straight. The electric and gas utility continues to expect 4% to 6% annual diluted EPS growth over the long run. Black Hills' interest coverage and debt-to-capital ratios point to a financially healthy business.
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Related Metrics
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