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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7 Nov 24

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

1 Aug 24

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

31 Jul 24

8-K

Entry into a Material Definitive Agreement

5 Jun 24

8-K

Entry into a Material Definitive Agreement

16 May 24

424B2

Prospectus for primary offering

14 May 24

FWP

Free writing prospectus

13 May 24

424B5

Prospectus supplement for primary offering

9 May 24

Transcripts

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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

BKH

Earnings call transcript

2022 Q3

3 Nov 22

Latest ownership filings

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Annual report of employee stock purchases

Notice of proposed sale of securities

Financial summary

Financial statements Chart BKH financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	19.60 mm	19.60 mm	19.60 mm	19.60 mm	19.60 mm	19.60 mm
Cash burn (monthly)	204.03 mm	48.41 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	571.12 mm	135.50 mm	n/a	n/a	n/a	n/a
Cash remaining	-551.52 mm	-115.90 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	-2.7	-2.4	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, Q2 2024

BKH institutional ownership history Ownership history

86.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	373	351	+6.3%
Opened positions	64	58	+10.3%
Closed positions	42	65	-35.4%
Increased positions	152	145	+4.8%
Reduced positions	100	101	-1.0%

13F shares	Current	Prev Q	Change
Total value	3.08 tn	2.82 tn	+9.0%
Total shares	59.10 mm	53.93 mm	+9.6%
Total puts	60.00 k	47.90 k	+25.3%
Total calls	64.40 k	26.40 k	+143.9%
Total put/call ratio	0.9	1.8	-48.7%

Largest owners	Shares	Value	Change
BLK BlackRock	10.85 mm	$590.09 bn	+3.6%
Vanguard	8.39 mm	$456.52 bn	+2.3%
STT State Street	3.68 mm	$200.06 bn	-4.0%
MQBKY Macquarie Group Limited	2.51 mm	$136.27 bn	+1.4%
Geode Capital Management	1.63 mm	$88.62 bn	+5.4%
Fuller & Thaler Asset Management	1.58 mm	$86.02 bn	-0.6%
Capital Research Global Investors	1.49 mm	$80.82 bn	0.0%
Nuveen Asset Management	1.21 mm	$65.67 bn	+0.9%
Charles Schwab Investment Management	1.19 mm	$64.54 bn	NEW
Aqr Capital Management	1.15 mm	$62.42 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Charles Schwab Investment Management	1.19 mm	+1.19 mm	NEW
Aqr Capital Management	1.15 mm	+1.15 mm	NEW
JHG Janus Henderson	577.22 k	+577.22 k	NEW
BAC Bank of America	540.00 k	+540.00 k	NEW
BLK BlackRock	10.85 mm	+379.87 k	+3.6%
MS Morgan Stanley	727.22 k	-321.62 k	-30.7%
Millennium Management	295.98 k	+295.98 k	NEW
Deutsche Bank AG - Registered Shares	27.47 k	-290.38 k	-91.4%
Voloridge Investment Management	262.19 k	+262.19 k	NEW
Brandywine Global Investment Management	268.53 k	+238.31 k	+788.7%

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
8 Nov 24	Sarah Wiltse	Common Stock	Grant	Acquire A	No	No	0	3,372	0.00	3,372
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.83	100	5.48 k	7,956.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.815	100	5.48 k	8,056.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.94	100	5.49 k	8,156.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.93	112	6.15 k	8,256.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.79	300	16.44 k	8,368.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.875	25	1.37 k	8,668.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.825	800	43.86 k	8,693.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.785	200	10.96 k	9,493.475
30 May 24	Rebecca B Roberts	Common Stock	Sell	Dispose S	No	No	54.87	581	31.88 k	9,693.475