BKH (Black Hills) Stock Based Compensation: $13 Mil (TTM 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
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What is Black Hills Stock Based Compensation?

Black Hills BKH -2.18% 76 Stock Based Compensation is $13 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 Stock Based Compensation for the three months ended in Jun. 2026 was $3 Mil. Its Stock Based Compensation for the trailing twelve months (TTM) ended in Jun. 2026 was $13 Mil.

Black Hills Stock Based Compensation Related Terms

Black Hills Stock Based Compensation Historical Data

* Premium members only.

The historical data trend for Black Hills's Stock Based Compensation 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 Stock Based Compensation Chart

Black Hills Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Stock Based Compensation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.70 8.60 7.00 10.60 11.80

Black Hills Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Stock Based Compensation 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 3.10 2.30 3.80 3.20 3.20
BKH
76GF Score
Black Hills Corp BKH
Stock Based Compensation is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Hills Stock Based Compensation Calculation

Stock Based Compensation is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.

Stock Based Compensation for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $13 Mil.

What does a Stock Based Compensation of $13 Mil mean?
Black Hills (BKH) has a Stock Based Compensation of $13 Mil as of Jun. 2026. Stock based compensation is the amount of company stock issued as employee benefits. View historical data for Black Hills and its competitors.
Is Black Hills' Stock Based Compensation too high?
Black Hills' current Stock Based Compensation is $13 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' Stock Based Compensation compare to NJR and OGS?
Black Hills' Stock Based Compensation of $13 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 Stock Based Compensation for an Utilities - Regulated company?
A good Stock Based Compensation depends on the Utilities - Regulated industry context. However, Stock Based Compensation 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 Stock Based Compensation mean?
A high Stock Based Compensation can signal that a stock is expensive relative to its fundamentals. Stock based compensation is the amount of company stock issued as employee benefits. View historical data for Black Hills and its competitors. Black Hills's current Stock Based Compensation is $13 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 Stock Based Compensation is $13 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 Stock Based Compensation calculated?
Stock Based Compensation is calculated from a company's financial statements. For Black Hills (BKH), the current Stock Based Compensation is $13 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:

  • Stock Based Compensation: $13 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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Stock Based Compensation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.69
Price
$59.67
GF Value