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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$4.2B
P/E ratio
15×
Div yield
4.4%
Dividend streak
55 yrs
EPS (2025E)
$4.10
EPS growth target
+5%
Revenue (2024)
$2.13B
5-yr capital plan
$4.7B
In plain English
Black Hills is a small-cap, vertically integrated utility holding company that delivers electricity and natural gas to ~1.35M customers across eight mostly-rural states in the Rocky Mountains and Midwest under the Black Hills Energy brand. It earns a state-regulated return on the poles, wires, pipes and power plants it builds — and after 55 straight years of dividend increases (a Dividend King), its newest growth story is powering a wave of Wyoming data centers for Meta and Microsoft.
In simple terms
What Black Hills Corporation really sells
Black Hills is a small-cap, vertically integrated utility holding company that delivers electricity and natural gas to ~1.35M customers across eight mostly-rural states in the Rocky Mountains and Midwest under the Black Hills Energy brand. It earns a state-regulated return on the poles, wires, pipes and power plants it builds — and after 55 straight years of dividend increases (a Dividend King), its newest growth story is powering a wave of Wyoming data centers for Meta and Microsoft.
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