Black Hills (NYSE:BKH) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Key Points

• Black Hills reported $1.79 EPS for the quarter, missing consensus by $0.09, and updated its FY2026 guidance to $4.25–$4.45 EPS.
• The company declared a quarterly dividend of $0.703 per share (annualized $2.81) with an ex-dividend/record date of May 15 and a yield of 3.8%, payable June 1.
• Shares traded at $73.98 mid-day on higher-than-average volume, and analysts' consensus is a Moderate Buy with an average price target of $81.40.

Black Hills (NYSE:BKH - Get Free Report) issued its quarterly earnings results on Wednesday. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.09), FiscalAI reports. Black Hills had a return on equity of 7.91% and a net margin of 12.62%. Black Hills updated its FY 2026 guidance to 4.250-4.450 EPS.

Black Hills Stock Performance

Shares of BKH stock traded up $0.14 during mid-day trading on Wednesday, hitting $73.98. 1,357,881 shares of the stock were exchanged, compared to its average volume of 998,595. The stock's fifty day simple moving average is $72.60 and its two-hundred day simple moving average is $71.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.35. Black Hills has a 12-month low of $55.49 and a 12-month high of $78.69. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.99 and a beta of 0.74.

Black Hills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.703 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.81 annualized dividend and a dividend yield of 3.8%. Black Hills's dividend payout ratio (DPR) is presently 70.60%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. lifted its stake in Black Hills by 1.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 9,192 shares of the utilities provider's stock valued at $638,000 after buying an additional 145 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Black Hills by 0.6% during the third quarter. Van ECK Associates Corp now owns 26,208 shares of the utilities provider's stock worth $1,614,000 after acquiring an additional 154 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Black Hills by 2.4% during the fourth quarter. Arkadios Wealth Advisors now owns 7,407 shares of the utilities provider's stock worth $514,000 after acquiring an additional 172 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Black Hills by 2.5% in the 2nd quarter. Osaic Holdings Inc. now owns 9,068 shares of the utilities provider's stock valued at $509,000 after acquiring an additional 222 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Black Hills by 3.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 7,300 shares of the utilities provider's stock valued at $410,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKH. Bank of America lifted their price objective on shares of Black Hills from $72.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, April 9th. BMO Capital Markets raised their price target on Black Hills from $84.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded Black Hills from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Black Hills in a research report on Friday, March 27th. Finally, LADENBURG THALM/SH SH began coverage on Black Hills in a research note on Wednesday, April 1st. They set a "buy" rating and a $77.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.40.

Black Hills Company Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.

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