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Compare · BKH vs CEG

BKH vs CEG

Side-by-side comparison of Black Hills Corporation (BKH) and Constellation Energy Corporation (CEG): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both BKH and CEG operate in Electric Utilities: Central (Utilities), so they compete in similar markets.
  • CEG is the larger of the two at $90.54B, about 16.5x BKH ($5.50B).
  • Over the past year, BKH is up 25.9% and CEG is down 16.4% - BKH leads by 42.3 points.
  • CEG has been more active in the news (6 items in the past 4 weeks vs 3 for BKH).
  • CEG has more recent analyst coverage (25 ratings vs 15 for BKH).
PerformanceBKH+25.89%CEG-16.40%
2025-06-09+0.00%2026-06-08
MetricBKHCEG
Company
Black Hills Corporation
Constellation Energy Corporation
Price
$72.24-0.71%
$250.61-1.65%
Market cap
$5.50B
$90.54B
1M return
-4.01%
-19.45%
1Y return
+25.89%
-16.40%
Industry
Electric Utilities: Central
Electric Utilities: Central
Exchange
NYSE
NASDAQ
IPO
News (4w)
3
6
Recent ratings
15
25
BKH

Black Hills Corporation

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through four segments: Electric Utilities, Gas Utilities, Power Generation, and Mining. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 216,000 electric customers in Colorado, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers. This segment owns 992 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,083,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It also provides appliance repair services to residential customers; and constructs and maintains gas infrastructure facilities for gas transportation customers. This segment owns and operates approximately 4,774 miles of intrastate gas transmission pipelines; 41,838 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 49,000 horsepower of compression and 560 miles of gathering lines. The Power Generation segment produces electric power through wind, natural gas, and coal-fired generating plants; and sells the electric capacity and energy primarily to utilities under long-term contracts. The Mining segment produces coal at its coal mine located near Gillette, Wyoming; and sells the coal to electric generation facilities. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

CEG

Constellation Energy Corporation

Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.

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