BKHBlack Hills Corporation

$76.08+34% 1Y

Is it safe?

Mixed

Solid, nothing alarming. Balance sheet to watch.

1 good, 2 neutral, 3 without data
SurvivalGrey zoneSEC EDGAR · Dec 31, 2025

Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.

Credit gradeBBBderived · Jun 30, 2026

Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.

Drawdown risk21% volderived · Oct 9, 2026

Relatively steady, low volatility. Worst drawdown -40% · now at/near its 52-week high.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Volatilitytop 4% of the market
Max drawdowntop 9% of the market

Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.

Can BKH take a bad year?

The deepest fall in BKH's price history on file is −40%; it is 0.56% below its high today.

$4.42B

Net debt · as at Q2 2026 · debt less the cash on hand

Altman Z-score
1.06

Altman Z-score · distress zone, below 1.8

Cash runway
0.2 years

Cash runway · burning $76M a quarter at the current rate

Annualised volatility
21%

Annualised volatility · about as steady as the market itself

Details›
Total debtQ2 2026
$4.49B
Cash and short-term investments
$72M
Net debt
$4.42B
Operating profit, trailing twelve months
$549M
Debt / equity
1.14×
Annualised volatilitytwo years of daily moves
21%
Worst drawdown on file
−40%
Below its 52-week high
0.56%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.

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