Black Hills Corporation

Utilities · Utilities - Regulated Gas

71.80$ -0.3% vs. previous close Closing price · As of: Sep 22, 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 (2025), "Revenue" came in at 2,310 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.

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Income Statement BKH
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	163	314	679	792	1,624	738	908	1,250	446	614	543	575	1,006	1,270	1,220	1,272	1,174	1,276	1,394	1,261	1,539	1,680	1,754	1,735	1,697	1,949	2,552	2,331	2,128	2,310
Cost of Revenue	34	177	532	637	1,372	383	581	718	83	190	192	161	450	653	567	916	735	838	941	781	926	1,018	1,107	1,067	988	1,244	1,779	1,535	1,287	1,421
Gross Profit	128	137	148	155	252	355	328	532	363	424	351	414	556	617	653	356	439	438	453	481	613	662	647	668	709	706	773	796	840	889
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	8.5	12	16	18	44	81	68	74	69	96	92	116	139	154	280	35	43	41	44	52	99	57	54	53	56	60	67	7.0	11	12
Total Operating Expenses	74	78	98	93	137	214	215	400	234	342	249	288	500	490	469	170	162	179	189	180	277	246	250	262	281	296	318	324	337	351
Operating Income	54	59	49	62	115	141	113	131	129	82	102	126	56	127	183	186	276	259	264	300	336	417	397	406	428	409	455	473	503	538
Interest Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	54	85	101	91	114	112	71	85	136	138	142	139	145	154	163	180	195	207
Pre-Tax Income	44	47	38	53	83	132	85	86	82	50	78	108	-86	111	84	57	170	181	198	220	206	282	256	243	276	258	296	302	320	344
Income Tax Expense	14	14	12	16	30	48	27	30	26	17	23	32	-29	33	22	18	60	63	67	79	59	73	-24	30	33	7.2	25	26	36	44
Net Income	30	32	26	37	53	88	61	61	58	33	81	99	105	82	69	50	102	117	131	-32	73	177	258	199	228	237	258	262	273	292
EBITDA	77	81	73	87	148	195	177	212	217	170	196	225	76	317	312	284	429	431	413	431	518	608	594	591	645	649	710	738	785	827

Data as of: September 22, 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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