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BKH Black Hills

Black Hills Corp. is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

Company profile

Ticker
BKH
Exchange
CEO
David Emery
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BLACK HILLS HOLDING CORP
SEC CIK
Subsidiaries
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 Energy • Black Hills Energy Services Company • Black Hills Exploration and Production, Inc. • Black Hills Gas, Inc. • Black Hills Gas, LLC ...
IRS number
460458824

BKH stock data

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Calendar

4 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Black Hills earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.73M 5.73M 5.73M 5.73M 5.73M 5.73M
Cash burn (monthly) 4.06M 2.5M (positive/no burn) (positive/no burn) (positive/no burn) 1.44M
Cash used (since last report) 14.45M 8.88M n/a n/a n/a 5.13M
Cash remaining -8.72M -3.15M n/a n/a n/a 602.52K
Runway (months of cash) -2.1 -1.3 n/a n/a n/a 0.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Oct 21 Mark A Schober Common Stock Discretionary Acquire I No No 64.7677 70.766 4.58K 4,951.415
1 Sep 21 Steven Richard Mills Phantom Stock Unit Common Stock Grant Acquire A Yes No 71.2556 141.584 10.09K 17,997.596
1 Sep 21 Mark A Schober Common Stock Discretionary Acquire I No No 71.2556 64.322 4.58K 4,880.649
1 Sep 21 Mark A Schober Common Stock Discretionary Acquire I No No 71.2556 37.889 2.7K 4,816.327
1 Sep 21 Mark A Schober Phantom Stock Unit Common Stock Grant Acquire A Yes No 71.2556 78.825 5.62K 10,019.963
1 Sep 21 Tony A Jensen Common Stock Discretionary Acquire I No No 71.2556 5.643 402.1 6,478.288
1 Sep 21 Tony A Jensen Phantom Stock Unit Common Stock Grant Acquire A Yes No 71.2556 24.626 1.75K 3,130.395
1 Sep 21 Barry M Granger Common Stock Discretionary Acquire I No No 71.2556 1.446 103.04 183.747
1 Sep 21 Barry M Granger Phantom Stock Unit Common Stock Grant Acquire A Yes No 71.2556 12.075 860.44 1,534.973
31 Aug 21 Steven Richard Mills Phantom Stock Unit Common Stock Grant Acquire A Yes No 70.33 373.24 26.25K 17,856.012

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 278 290 -4.1%
Opened positions 20 40 -50.0%
Closed positions 32 40 -20.0%
Increased positions 69 93 -25.8%
Reduced positions 131 103 +27.2%
13F shares
Current Prev Q Change
Total value 3.64B 3.63B +0.2%
Total shares 55.42M 54.38M +1.9%
Total puts 16.2K 25.3K -36.0%
Total calls 35.4K 27.4K +29.2%
Total put/call ratio 0.5 0.9 -50.4%
Largest owners
Shares Value Change
BLK Blackrock 8.66M $568.59M -4.2%
Vanguard 6.39M $419.34M +1.5%
STT State Street 6M $393.95M +1.2%
BEN Franklin Resources 2.43M $159.43M +22.3%
Wellington Management 2.36M $154.76M -0.3%
MCQEF Macquarie 2.07M $135.57M -0.1%
Fuller & Thaler Asset Management 1.44M $94.2M -1.0%
Capital World Investors 1.41M $92.54M NEW
Geode Capital Management 1.07M $70.43M +4.6%
JHG Janus Henderson 1.06M $69.72M -12.6%
Largest transactions
Shares Bought/sold Change
Capital World Investors 1.41M +1.41M NEW
BEN Franklin Resources 2.43M +443.29K +22.3%
BLK Blackrock 8.66M -378.82K -4.2%
IVZ Invesco 473.31K +321.34K +211.4%
ORI Old Republic International 644K +299K +86.7%
Pictet Asset Management 4.57K -174.21K -97.4%
JHG Janus Henderson 1.06M -152.71K -12.6%
MS Morgan Stanley 256.2K +141.88K +124.1%
Mesirow Financial Investment Management - Equity Management 136.14K +136.14K NEW
Royce & Associates 282.16K -122.7K -30.3%

Financial report summary

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Management Discussion
  • The segment information does not include inter-company eliminations. Minor differences in amounts may result due to rounding. All amounts are presented on a pre-tax basis unless otherwise indicated.
  • Certain lines of business in which we operate are highly seasonal, and revenue from, and certain expenses for, such operations may fluctuate significantly among quarterly periods. Demand for electricity and natural gas is sensitive to seasonal cooling, heating and industrial load requirements. In particular, the normal peak usage season for our Electric Utilities is June through August while the normal peak usage season for our Gas Utilities is November through March. Significant earnings variances can be expected between the Gas Utilities segment’s peak and off-peak seasons. Due to this seasonal nature, our results of operations for the three and six months ended June 30, 2021 and 2020, and our financial condition as of June 30, 2021 and December 31, 2020, are not necessarily indicative of the results of operations and financial condition to be expected as of or for any other period or for the entire year.
  • (a)    Adjusted operating income recognizes intersegment revenues and costs for Colorado Electric’s PPA with Black Hills Colorado IPP on an accrual basis rather than as a finance lease. This presentation of segment information does not impact consolidated financial results.
Content analysis
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Readability
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