Black Hills Corporation (BKH)
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
$84.19+2.42%
Close 2026-11-04 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
QuarterlyIQ Insights · BKH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is still in the top half of its industry but slipped notably this past month — worth watching.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 8.4% |
| Our one-year growth estimate | diamond | 42.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 33.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 2 industry peers
BKH — litigation filed
Dated 2026-08-17
contains: 1. Historical financial statements of NorthWestern filed in accordance with Rule 3-05 of Regulation S-X, included as Exhibit 99.1, which are incorporated herein by reference; and 2. Pro forma financial information of Black Hills and NorthWestern on a combined basis in accordance with Article 11 of Regulation S-X giving effect to certain pro forma adjustments related to the pending merger transaction as if it were completed on January 1, 2025 as it relates to the pro forma combined c…
Why it matters: The 99 MW plant is meant to replace retiring power and meet reserve needs. A delay could push back that added supply.
Watch forBlack Hills reports that the 99 MW Lange II plant is in service by December 31, 2026.
Also watch forThe company reports that Lange II will miss its fourth-quarter 2026 service date.
Why it matters: The company reaffirmed this range, while first-half adjusted EPS was $2.33. The next results will show whether the full-year range still holds.
Watch forOn November 4, Black Hills keeps its 2026 adjusted EPS range at $4.25 to $4.45, or reports full-year adjusted EPS within that range.
Also watch forOn November 4, Black Hills cuts the range below $4.25 or reports full-year adjusted EPS below $4.25.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$85 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $206 loss on $10,000 · 2.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,178 loss on $10,000 · 11.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.