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Black Hills Corporation (BKH) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Utilities · Utilities - Regulated Gas · DATA UPDATED 2026-07-15

Black Hills Corporation (BKH) operates in the Utilities - Regulated Gas industry and is headquartered in Rapid City, United States with about 2,795 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, BKH reported $2.3B in revenue and $292M in net income.

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments.

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BKH Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$2.3B$2.1B$2.3B$2.6B
Gross Profit$889M$840M$796M$773M
Operating Income (EBIT)$538M$503M$473M$455M
Net Income$292M$273M$262M$258M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BKH Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$781M$636M$430M$439M$805M
Gross Profit$295M$262M$167M$167M$292M
Operating Income (EBIT)$202M$171M$79M$82M$205M
Net Income$131M$105M$25M$28M$134M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BKH Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($198M)($182M)($168M)($157M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BKH Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($53M)($51M)($49M)($49M)($49M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BKH Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$10.9B$10.0B$9.6B$9.6B
Total Liabilities$7.0B$6.4B$6.3B$6.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BKH viewer.

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