Black Hills Corporation (BKH) - Financial and Strategic SWOT Analysis Review by GlobalData

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									         Black Hills Corporation (BKH) - Financial and Strategic SWOT Analysis
                                         Review
        Reference Code: GDPE29FSA                                                                                             Publication Date: APR 2013

          625 Ninth Street                                   Phone              +1 605 7211700                  Revenue          1,173.9 (million USD)
          Rapid City, SD                                     Fax                +1 605 3484748                  Net Profit       81.53 (million USD)
          57701                                              Website            www.blackhillscorp.com          Employees        1,925
                                                                                BKH [New York Stock
          United States                                      Exchange                                           Industry         Power Energy
                                                                                Exchange]

       Company Overview
       Black Hills Corporation (BHC) is an integrated energy company, which carries out businesses of wholesale non-regulated energy,
       retailing of electricity as well as distribution of electricity and gas. It serves 765,000 natural gas and electric utility customers in
       Montana, Colorado, Iowa, Kansas, Nebraska, South Dakota and Wyoming. The non-regulated business involves generation of
       wholesale electricity and production of natural gas, oil and coal. BHC has spanned its business operations across the domestic
       market mainly within the US. The company is headquartered in Rapid City, South Dakota, the US.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Black Hills Corporation, SWOT Analysis
         David R. Emery                      Chairman                                 Strengths                              Weaknesses
         Jack W. Eugster                     Director
                                                                                      Business Model: Integrated             Lack of Fuel Diversity
         John R. Howard                      Director                                 Structure
                                                                                                                      Increasing Accounts
         Stephen D. Newlin                   Director
                                                                                      Diversified Business Operations Receivable
         Warren L. Robinson                  Director
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData                                                          Opportunities                          Threats

       Share Data                                                                     Growing Focus on Renewable             Government Regulation
         Black Hills Corporation                                                      Energy Sources
                                                                                                                             Growing Competition
        Share Price (USD) as on 22-Apr-                                45.80          Positive Outlook for Electricity
        2013                                                                          Demand
        EPS (USD)                                                        2.01
        Market Cap (million USD)                                       2,025         Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        Enterprise Value (million USD)                                 3,330
        Shares Outstanding (million)                                       44
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Jan 31, 2013         Black Hills Reports Revenue Of $1.2 Trillion In
                                                                                                           2012
                                                                                      Nov 07, 2012         Black Hills Reports Revenue Of $246.8m In
                                                                                                           Q3 2012
                                                                                      Oct 01, 2012         Black Hills Power And CLFP Receive Air
                                                                                                           Permit From EPA For Cheyenne Prairie
                                                                                                           Generating Station
                                                                                      Aug 06, 2012         Black Hills Reports Revenue Of $242.4 In Q2
                                                                                                           2012
       Source: Annual Report, Company Website, Primary and Secondary                 Source: Annual Report, Company Website, Primary and Secondary Research,
       Research, GlobalData                                                          GlobalData




Black Hills Corporation (BKH) - Financial and Strategic SWOT                                                                       Reference Code: GDPE29FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Black Hills Corporation - Key Facts .................................................................................................................................................... 5
       Black Hills Corporation - Key Employees ........................................................................................................................................... 6
       Black Hills Corporation - Key Employee Biographies ......................................................................................................................... 7
       Black Hills Corporation - Major Products and Services ...................................................................................................................... 8
       Black Hills Corporation - Key Operational Summary .......................................................................................................................... 9
       Black Hills Corporation - History ....................................................................................................................................................... 10
       Black Hills Corporation - Company Statement ................................................................................................................................. 12
       Black Hills Corporation - Locations And Subsidiaries ....................................................................................................................... 16
          Head Office ................................................................................................................................................................................... 16
          Other Locations & Subsidiaries ..................................................................................................................................................... 16
       Section 2 – Company Analysis ......................................................................................................................................................... 19
       Black Hills Corporation - Business Description................................................................................................................................. 19
       Black Hills Corporation - Corporate Strategy .................................................................................................................................... 21
       Black Hills Corporation - SWOT Analysis ......................................................................................................................................... 22
          SWOT Analysis - Overview........................................................................................................................................................... 22
          Black Hills Corporation - Strengths ............................................................................................................................................... 22
             Strength - Business Model: Integrated Structure....................................................................................................................... 22
             Strength - Diversified Business Operations ............................................................................................................................... 22
             Strength - Growth Prospects ..................................................................................................................................................... 22
          Black Hills Corporation - Weaknesses .......................................................................................................................................... 23
             Weakness - Lack of Fuel Diversity ............................................................................................................................................ 23
             Weakness - Increasing Accounts Receivable ........................................................................................................................... 23
          Black Hills Corporation - Opportunities ......................................................................................................................................... 23
             Opportunity - Growing Focus on Renewable Energy Sources .................................................................................................. 23
             Opportunity - Positive Outlook for Electricity Demand ............................................................................................................... 23
             Opportunity - Rising Natural Gas Consumption Levels ............................................................................................................. 24
             Opportunity - Efficient Reserve Base ........................................................................................................................................ 24
          Black Hills Corporation - Threats .................................................................................................................................................. 24
             Threat - Government Regulation ............................................................................................................................................... 24
             Threat - Growing Competition ................................................................................................................................................... 24
             Threat - Market Volatility ........................................................................................................................................................... 24
       Black Hills Corporation - Key Competitors........................................................................................................................................ 25
       Section 3 – Company Financial Ratios ............................................................................................................................................. 26
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 26
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 26
       Performance Chart ........................................................................................................................................................................... 28
       Financial Performance...................................................................................................................................................................... 28
       Financial Ratios - Interim Ratios....................................................................................................................................................... 29
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 30
       Section 4 – Company’s Power, Oil & Gas Financial Deals and Alliances ........................................................................................ 31
          Black Hills Corporation, Power, Deals By Year, 2007 to YTD 2013.............................................................................................. 31


Black Hills Corporation (BKH) - Financial and Strategic SWOT                                                                                                         Reference Code: GDPE29FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
          Black Hills Corporation, Power, Deals By Type, 2007 to YTD 2013 ............................................................................................. 32
          Black Hills Corporation, Oil & Gas, Deals By Year, 2007 to YTD 2013 ........................................................................................ 33
          Black Hills Corporation, Oil & Gas, Deals By Type, 2007 to YTD 2013 ........................................................................................ 34
          Black Hills Corporation, Clean Technology, Deals By Year, 2007 to YTD 2013 ........................................................................... 35
          Black Hills Corporation, Clean Technology, Deals By Type, 2007 to YTD 2013........................................................................... 36
       Black Hills Corporation, Recent Deals Summary ............................................................................................................................. 37
       Section 5 – Company’s Recent Developments ................................................................................................................................ 38
          Black Hills Corporation, Recent Developments ............................................................................................................................ 38
             Jan 31, 2013: Black Hills Reports Revenue Of $1.2 Trillion In 2012 ......................................................................................... 38
             Nov 07, 2012: Black Hills Reports Revenue Of $246.8m In Q3 2012 ....................................................................................... 39
             Oct 01, 2012: 
								
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