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Black Hills Corporation

Utilities US BKH

60.55USD
1.16(1.95%)

Last update at 2024-09-13T20:10:00Z

Day Range

59.6660.56
LowHigh

52 Week Range

45.8870.88
LowHigh

Fundamentals

  • Previous Close 59.39
  • Market Cap3693.30M
  • Volume282773
  • P/E Ratio14.11
  • Dividend Yield4.60%
  • EBITDA716.30M
  • Revenue TTM2531.01M
  • Revenue Per Share TTM38.17
  • Gross Profit TTM 772.84M
  • Diluted EPS TTM3.85

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 296.00M 258.50M 275.50M 243.00M 255.90M
Minority interest -12.40000M -14.50000M -15.15500M -14.01200M -14.22000M
Net income 258.40M 236.80M 227.60M 199.30M 258.50M
Selling general administrative 66.68M 60.10M 56.37M 52.91M 53.59M
Selling and marketing expenses - - - - -
Gross profit -1320.48000M -829.72400M 652.70M 615.20M 593.40M
Reconciled depreciation 250.91M 235.95M 224.46M 209.12M 196.33M
Ebit 206.09M 174.95M 428.30M 406.00M 397.47M
Ebitda 457.00M 410.90M 650.40M 634.90M 593.80M
Depreciation and amortization 250.91M 235.95M 222.10M 228.90M 196.33M
Non operating income net other 3.30M 3.11M -7.69100M 2.45M 2.56M
Operating income 206.09M 174.95M 428.30M 406.00M 397.00M
Other operating expenses 3.20M 4.40M 1268.70M 1328.80M 1357.20M
Interest expense 161.00M 152.40M 143.50M 139.29M 141.60M
Tax provision 25.20M 7.20M 32.90M 29.58M -23.66700M
Interest income 161.00M 152.40M 143.50M 1.63M 1.64M
Net interest income -161.00000M -152.40000M -143.50000M -137.65900M -139.97500M
Extraordinary items - - 0.00000M 0.00000M -6.88700M
Non recurring - - - 19.74M -
Other items - - - - -
Income tax expense 25.20M 7.20M 32.90M 29.60M -23.70000M
Total revenue 458.50M 413.90M 1696.90M 1734.90M 1754.30M
Total operating expenses 3.20M 4.40M 224.50M 209.10M 196.30M
Cost of revenue 1778.98M 1243.62M 1044.20M 1119.70M 1160.90M
Total other income expense net 89.91M 83.55M -152.80000M -163.00000M -1.20000M
Discontinued operations - - - - -6.88700M
Net income from continuing ops 270.80M 251.30M 242.76M 213.32M 279.55M
Net income applicable to common shares 258.40M 236.70M 227.61M 199.31M 258.44M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 9618.23M 9131.90M 8088.79M 7558.46M 6963.33M
Intangible assets 9.59M 10.77M 11.94M 13.27M 14.34M
Earning assets - - - - -
Other current assets 310.89M 299.30M 77.90M 69.76M 78.76M
Total liab 6528.34M 6244.77M 5426.14M 5094.39M 4675.90M
Total stockholder equity 2994.91M 2787.09M 2561.39M 2362.12M 2181.59M
Deferred long term liab 392.67M 526.31M 226.58M 228.06M 311.33M
Other current liab 248.41M 214.96M 218.53M 207.80M 202.68M
Common stock 66.14M 64.79M 62.83M 61.48M 60.05M
Capital stock 66.14M 64.79M 62.83M 61.48M 60.05M
Retained earnings 1064.12M 962.46M 870.74M 778.78M 700.40M
Other liab 1254.31M 1216.14M 1197.70M 1138.81M 1076.84M
Good will 1299.45M 1299.45M 1299.45M 1299.45M 1299.45M
Other assets 439.53M 561.25M 260.19M 255.40M 262.62M
Cash 21.43M 8.92M 6.36M 9.78M 20.78M
Cash and equivalents 21.43M 8.92M 6.36M 9.78M 20.78M
Total current liabilities 1666.69M 901.71M 696.53M 811.29M 648.23M
Current deferred revenue 47.66M 48.81M 52.19M 54.73M 43.57M
Net debt 4646.51M 4538.18M 3764.22M 3485.56M 3121.42M
Short term debt 1060.60M 420.18M 242.48M 355.24M 191.36M
Short long term debt 1060.60M 420.18M 242.48M 355.24M 191.36M
Short long term debt total 4667.94M 4547.10M 3770.58M 3495.34M 3142.20M
Other stockholder equity 1880.22M 1779.93M 1655.17M 1552.52M 1448.06M
Property plant equipment 6797.95M 6449.18M 6019.71M 5503.19M 4854.88M
Total current assets 1071.71M 808.13M 493.29M 473.18M 503.83M
Long term investments - - - 21.93M 41.01M
Net tangible assets 2994.91M 1387.01M 2561.39M 2362.12M 5132.42M
Short term investments - - - - -
Net receivables 525.83M 339.67M 285.41M 272.25M 282.13M
Long term debt 3607.34M 4126.92M 3528.10M 3140.10M 2950.84M
Inventory 207.42M 150.98M 117.40M 117.17M 117.30M
Accounts payable 310.02M 217.76M 183.34M 193.52M 210.61M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 94.98M 100.03M 101.26M 101.95M 105.83M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -15.56700M -20.08400M -27.34600M -30.65500M -26.91600M
Additional paid in capital - - - - -
Common stock total equity 66.14M 64.79M 62.83M 61.48M 60.05M
Preferred stock total equity - - - - -
Retained earnings total equity 1064.12M 962.46M 870.74M 778.78M 700.40M
Treasury stock -2.43500M -3.50900M -2.11900M -0.26700M -2.51000M
Accumulated amortization - - - - -
Non currrent assets other -69.41000M 564.36M 264.38M 19.38M -61.52000M
Deferred long term asset charges - - - - -
Non current assets total 8546.52M 8323.76M 7595.49M 7085.27M 6459.49M
Capital lease obligations - - - - -
Long term debt total 3607.34M 4126.92M 3528.10M 3140.10M 2950.84M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -603.88000M -664.23000M -761.66400M -816.21000M -24.42900M
Change to liabilities 89.41M 10.66M 24.66M -34.90600M 5.30M
Total cashflows from investing activities -603.88000M -664.23000M -761.66400M -816.21000M -465.84900M
Net borrowings 115.42M 591.56M 275.94M 358.14M -180.42300M
Total cash from financing activities 32.25M 731.87M 216.88M 300.21M -17.05700M
Change to operating activities 203.87M -524.22000M -15.75300M 8.46M 52.14M
Net income 270.76M 251.26M 242.76M 213.32M 279.55M
Change in cash 13.18M 3.07M -2.91900M -10.48700M 5.91M
Begin period cash flow 13.81M 10.74M 13.66M 24.14M 18.24M
End period cash flow 26.98M 13.81M 10.74M 13.66M 24.14M
Total cash from operating activities 584.80M -64.56500M 541.86M 505.51M 488.81M
Issuance of capital stock 90.04M 118.98M 99.28M 101.36M 300.83M
Depreciation 250.91M 245.54M 243.31M 241.27M 204.88M
Other cashflows from investing activities 0.48M 13.26M 5.74M 2.17M 16.10M
Dividends paid 156.72M 145.02M 135.44M 124.65M 106.59M
Change to inventory -75.40300M -35.70700M 2.75M 2.05M -2.91900M
Change to account receivables -184.44800M -43.17000M -10.84300M 7.58M 150.57M
Sale purchase of stock 72.63M 1586.14M 284.54M 1263.88M 700.00M
Other cashflows from financing activities 214.35M -19.79400M -22.90000M -34.63800M -30.87700M
Change to netincome 34.88M 23.99M 50.58M 70.89M 8.37M
Capital expenditures 604.37M 677.49M 767.40M 818.38M 457.52M
Change receivables -184.44800M -43.17000M -10.84300M 7.58M -45.96600M
Cash flows other operating 188.85M -514.52000M 242.37M 242.94M 319.85M
Exchange rate changes - - - - -
Cash and cash equivalents changes 13.18M 3.07M -2.91900M -10.48700M 5.91M
Change in working capital 33.42M -592.43700M 0.82M -16.81500M 8.56M
Stock based compensation 8.55M 9.65M 5.37M 12.10M 12.39M
Other non cash items -4.43200M 14.15M 11.51M 17.62M 7.67M
Free cash flow -19.56400M -742.05700M -225.54100M -312.86300M 31.29M

Peer Comparison

Sector: Utilities Industry: Utilities - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BKH
Black Hills Corporation
1.16 1.95% 60.55 14.11 13.89 1.45 1.16 3.17 11.08
IBDSF
Iberdrola S.A
-0.07 0.46% 15.03 16.24 14.71 1.51 1.42 2.45 9.52
IBDRY
Iberdrola SA
0.58 0.98% 59.64 16.07 14.58 1.50 1.41 2.42 9.41
ENLAY
ENEL Societa per Azioni
0.02 0.26% 7.83 12.18 10.44 0.74 1.96 1.40 7.34
ESOCF
Enel SpA
- -% 7.91 12.02 10.42 0.73 1.95 1.40 7.34

Reports Covered

Stock Research & News

Profile

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 220,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,482 megawatts of generation capacity and 9,024 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,107,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,713 miles of intrastate gas transmission pipelines; 42,222 miles of gas distribution mains and service lines; seven 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.

Black Hills Corporation

7001 Mount Rushmore Road, Rapid City, SD, United States, 57702

Key Executives

Name Title Year Born
Mr. Linden R. Evans Pres, CEO & Director 1963
Mr. Richard W. Kinzley Sr. VP & CFO 1966
Mr. Erik D. Keller Sr. VP & Chief Information Officer 1964
Mr. Brian G. Iverson Sr. VP, Gen. Counsel & Chief Compliance Officer 1963
Mr. Jerome E. Nichols Director of Investor Relations NA
Ms. Jennifer C. Landis Sr. VP & Chief HR Officer 1975
Ms. Kimberly F. Nooney VP & Treasurer NA
Ms. Amy K. Koenig VP of Governance, Corp. Sec. & Deputy Gen. Counsel 1974
Mr. Courtney Hebert VP, Corp. Controller & Chief Risk Officer NA

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