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27 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

BKH — Black Hills Corporation Dilution Risk Tracker

Track BKH dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Black Hills Corporation (BKH) has a DilutionWatch DilutionScore of 27/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Black Hills Corporation has a market capitalization of $5.82B, 76.25M shares outstanding, 472 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰Cash Runway—
📊 Float Risk
10
⚠️ Warrant Exposure
15
🔄 Convertible Debt
35

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 7%
🔁 Convertible Conversion model 15%
• Convertible debt present: 5.2% potential dilution
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Market Data

Market Cap$5.82B
Shares Outstanding76.25M
Float75.75M
Cash$71.50M
Debt$4.40B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore27/100DilutionWatch score record
Shares Outstanding76.25MVerified float table or market cache
Public Float75.75MVerified float table or market cache
Market Cap$5.82BMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 4, 8-K 1, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

472 institutional holders · 86.43M shares
#1 BlackRock, Inc. 12.13M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 6.74M shares
#3 VANGUARD PORTFOLIO MANAGEMENT LLC 5.04M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest11.15M
Days to Cover9.1
% of Float14.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2020-02-14
8-K 8K EVENT 2026-04-02
4 INSIDER TRANSACTION 2026-02-18
4 INSIDER TRANSACTION 2026-02-13
4 INSIDER TRANSACTION 2026-02-13
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual BKH Dilution Snapshot

Black Hills Corporation (BKH) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

BKH's DilutionScore is currently 27/100 (Medium risk), with 2 score changes tracked over 89 days. The score improved from 24/100 (Low risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202627/100MEDIUM53 days
Aug 14 – Aug 21, 202624/100LOW7 days
Jul 16 – Aug 13, 202627/100MEDIUM29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BKH shares outstanding have increased 0.1% from 76.05M (May 2026) to 76.13M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 12, 202676.13M75.75M▲ 0.87%
May 02, 202676.05M75.10M▲ 0.05%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note