(BKH) Black Hills - Ratings and Ratios

Black Hills Corporation (NYSE:BKH) is a multi-utility company with a strong presence in the United States, offering electric and natural gas services. As an investor, understanding the segments is crucial. The Electric Utilities segment serves around 222,000 customers across Colorado, Montana, South Dakota, and Wyoming, with a generation capacity of 1,394 MW and an extensive network of transmission and distribution lines. This segments stability is a key factor for steady returns.

The Gas Utilities segment is another cornerstone, catering to approximately 1.116 million customers across six states. With 42,514 miles of distribution mains and service lines, this segment underscores the companys vast infrastructure. The additional 4,663 miles of intrastate transmission pipelines and seven storage sites highlight strategic assets, crucial for reliable gas supply and potential growth opportunities.

Beyond utilities, Black Hills constructs and maintains gas infrastructure, offering services like appliance repair and electrical system construction. This diversification adds revenue streams and showcases operational versatility. Their energy mix includes wind, natural gas, and coal, with a coal mine in Wyoming, providing both energy production and raw material supply.

Financially, Black Hills has a market cap of $4.316B, a P/E ratio of 15.42, and a forward P/E of 14.47, indicating moderate valuation. The P/B ratio of 1.23 suggests assets are reasonably priced relative to book value. With a P/S ratio of 2.03, revenue generation per share is notable. These metrics, combined with a dividend yield, make it attractive for income-focused investors seeking stability in the utility sector.