BKH (Black Hills) Long-Term Debt: $3,994 Mil (As of Jun. 2026)

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BKH Black Hills Corp BKH
76 GF Score
Price $71.69
GF Value $59.67
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Black Hills Long-Term Debt?

Black Hills BKH -2.18% 76 Long-Term Debt is $3,994 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 Long-Term Debt for the quarter that ended in Jun. 2026 was $3,994 Mil.

Black Hills's quarterly Long-Term Debt declined from Dec. 2025 ($4,701 Mil) to Mar. 2026 ($3,993 Mil) but then increased from Mar. 2026 ($3,993 Mil) to Jun. 2026 ($3,994 Mil).

Black Hills's annual Long-Term Debt increased from Dec. 2023 ($3,801 Mil) to Dec. 2024 ($4,250 Mil) and increased from Dec. 2024 ($4,250 Mil) to Dec. 2025 ($4,701 Mil).

Black Hills  (NYSE:BKH) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Black Hills Long-Term Debt Related Terms

Black Hills Long-Term Debt Historical Data

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The historical data trend for Black Hills's Long-Term Debt 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 Long-Term Debt Chart

Black Hills Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,126.92 3,607.30 3,801.20 4,250.20 4,701.10

Black Hills Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Long-Term Debt 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 3,952.40 4,252.80 4,701.10 3,992.50 3,993.90
BKH
76GF Score
Black Hills Corp BKH
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $3,994 Mil mean?
Black Hills (BKH) has a Long-Term Debt of $3,994 Mil as of Jun. 2026.
Is Black Hills' Long-Term Debt too high?
Black Hills' current Long-Term Debt is $3,994 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' Long-Term Debt compare to NJR and OGS?
Black Hills' Long-Term Debt of $3,994 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 Long-Term Debt for an Utilities - Regulated company?
A good Long-Term Debt depends on the Utilities - Regulated industry context. However, Long-Term Debt 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 Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. Black Hills's current Long-Term Debt is $3,994 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 Long-Term Debt is $3,994 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 Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For Black Hills (BKH), the current Long-Term Debt is $3,994 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:

  • Long-Term Debt: $3,994 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

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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.69
Price
$59.67
GF Value