BKH (Black Hills) Construction In Progress: $0 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKH Black Hills Corp BKH
76 GF Score
Price $71.69
GF Value $59.67
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Black Hills Construction In Progress?

Black Hills BKH -2.18% 76 Construction In Progress is $0 Mil as of Jun. 2026. GuruFocus rates BKH with a GF Score™ of 76/100 and a GF Value™ of $59.67 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Black Hills's quarterly construction in progress declined from Dec. 2025 ($334 Mil) to Mar. 2026 ($0 Mil) but then stayed the same from Mar. 2026 ($0 Mil) to Jun. 2026 ($0 Mil).

Black Hills's annual construction in progress increased from Dec. 2023 ($176 Mil) to Dec. 2024 ($313 Mil) and increased from Dec. 2024 ($313 Mil) to Dec. 2025 ($334 Mil).

Black Hills Construction In Progress Historical Data

* Premium members only.

The historical data trend for Black Hills's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Hills Construction In Progress Chart

Black Hills Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 175.90 313.20 334.40

Black Hills Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 334.40 0.00 0.00
BKH
76GF Score
Black Hills Corp BKH
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Hills Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $0 Mil mean?
Black Hills (BKH) has a Construction In Progress of $0 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Black Hills and its competitors.
Is Black Hills' Construction In Progress too high?
Black Hills' current Construction In Progress is $0 Mil. Overall, Black Hills has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Hills' Construction In Progress compare to NJR and OGS?
Black Hills' Construction In Progress of $0 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Black Hills and its competitors. Black Hills's current Construction In Progress is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hills stock overvalued right now?
Based on GuruFocus' analysis, Black Hills (BKH) is currently considered Modestly Overvalued. The stock's GF Value™ is $59.67, compared to a current price of $71.69 — trading 20.1% above its estimated fair value. The current Construction In Progress is $0 Mil. Black Hills' overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Black Hills (BKH), the current Construction In Progress is $0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Black Hills (BKH) Overvalued in 2026?

Based on GuruFocus' analysis, Black Hills stock appears to be overvalued. The current stock price of $71.69 is trading 20.1% above its estimated GF Value™ of $59.67. GuruFocus considers Black Hills to be Modestly Overvalued.

Key valuation signals for BKH:

  • Construction In Progress: $0 Mil
  • GF Value™: $59.67 vs. price of $71.69 (20.1% above fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the BKH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Black Hills Business Description

Other Exchanges BHI:Germany
Address 7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
76GF Score

Get the complete analysis for BKH

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.69
Price
$59.67
GF Value