Black Hills Corporation

Utilities · Utilities - Regulated Gas

70.50$ +0.8% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Income Statement

Black Hills Corporation (BKH) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 453 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement BKH
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	334	464	548	342	336	436	575	356	322	501	598	334	326	478	537	327	347	486	633	373	381	563	824	474	463	791	921	411	407	592	726	403	402	597	805	439	430	636	781	453	2,299
Cost of Revenue	195	284	334	210	196	260	364	223	196	325	373	215	190	288	313	189	194	291	423	232	216	373	573	321	303	582	667	267	228	373	450	249	240	348	513	272	263	373	563	114	1,312
Gross Profit	138	180	213	132	140	177	212	133	126	177	224	119	135	189	224	138	152	195	211	141	164	190	251	153	160	210	254	144	179	219	276	154	162	249	292	167	167	262	218	339	987
Research & Development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	19	21	16	15	13	13	15	15	12	12	14	14	13	12	14	14	136	108	15	15	15	15	17	17	16	17	17	16	–	–	–	–	–	–	–	–	–	–	–	–	–
Total Operating Expenses	80	124	63	62	61	55	63	63	61	62	64	65	65	68	71	71	70	69	72	74	74	76	77	81	80	80	79	81	81	83	83	83	86	86	87	85	89	91	18	242	440
Operating Income	58	55	150	70	80	122	148	70	65	114	160	54	71	121	153	67	82	126	138	67	90	114	173	72	79	130	175	64	98	137	193	71	76	163	205	83	79	171	200	97	547
Interest Expense	36	34	34	34	34	35	35	35	36	36	35	35	34	36	36	36	37	37	38	39	39	39	39	39	41	44	44	43	45	48	46	48	51	50	52	50	50	55	52	52	209
Pre-Tax Income	25	21	116	37	46	87	113	34	29	80	125	20	18	80	113	30	45	88	101	29	53	75	136	35	40	85	132	21	56	93	149	28	29	114	155	33	30	126	151	46	352
Income Tax Expense	6.6	-0.7	34	11	13	16	-26	6.5	7.5	-12	17	2.3	2.5	7.5	16	4.8	4.7	7.4	0.5	0.6	5.3	0.8	14	-0.7	2.1	9.3	15	-6.1	7.4	9.7	17	3.7	2.9	13	18	4.4	4.0	17	18	5.2	44
Net Income	14	18	77	22	28	51	133	22	17	87	104	15	12	69	93	21	36	77	96	25	44	71	118	33	35	72	114	23	45	80	128	23	24	98	134	28	25	105	131	38	299
EBITDA	110	103	197	118	128	164	197	117	114	165	211	106	104	171	205	122	138	180	196	126	151	175	235	138	145	192	238	129	166	207	260	143	149	233	275	153	149	250	278	97	774

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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