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Black Hills Corp (BKH)

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SEC name BLACK HILLS CORP /SD/ · CIK 0001130464 · NYSE · Electric Services

  • Sector Transportation & Utilities
  • Incorporated SD
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Black Hills Corp reported revenue of $2.31B. Revenue grew 8.6% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.30B.

Key ratios (year ended 2025-12-31)

23.3%
Operating margin
13.0%
Net margin
7.8%
Return on year-end equity
8.6%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-06

Headquarters locality: Rapid City · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.30B$2.31B$2.13B$2.33B$2.55B$1.95B$1.70B$1.73B$1.75B$1.68B$1.54B
Operating Income$549.10M$537.50M$503.10M$472.70M$455.20M$409.40M$428.30M$406.04M$397.04M$416.74M$336.18M
Depreciation & Amortization$294.90M$283.80M$270.10M$256.80M$250.90M$236.00M$224.46M$209.12M$196.33M$188.25M$175.53M
EBITDA$844.00M$821.30M$773.20M$729.50M$706.10M$645.40M$652.76M$615.16M$593.37M$604.98M$511.71M
Net Income$308.10M$299.80M$283.70M$276.00M$270.80M$251.20M$242.76M$213.32M$272.66M$191.28M$82.63M
EPS (Diluted)n/a$3.98$3.91$3.91$3.97$3.74$3.65$3.28$4.66$3.21$1.37
Total Assets$11.04B$10.87B$10.02B$9.62B$9.62B$9.13B$8.09B$7.56B$6.96B$6.66B$6.54B
Shareholders' Equity$3.94B$3.82B$3.50B$3.22B$2.99B$2.79B$2.56B$2.36B$2.18B$1.71B$1.61B
Cash & Equivalents$71.50M$182.80M$16.10M$86.60M$21.40M$8.92M$6.36M$9.78M$20.78M$15.42M$13.52M
Operating Cash Flow$628.30M$673.40M$719.30M$944.40M$584.80M-$64.60M$541.86M$505.51M$488.81M$428.26M$320.48M
Capital Expenditures$933.50M$819.80M$744.20M$555.60M$604.40M$677.50M$767.40M$818.38M$457.52M$326.01M$454.95M
Free Cash Flow-$305.20M-$146.40M-$24.90M$388.80M-$19.60M-$742.10M-$225.54M-$312.86M$31.29M$102.25M-$134.47M
Dividends Paid$206.90M$197.90M$182.30M$168.10M$156.70M$145.00M$135.44M$124.65M$106.59M$96.74M$87.57M
Shares Outstandingn/a75.50M71.70M68.00Mn/an/an/an/an/an/an/a
Dividends Per Sharen/a$2.70$2.60$2.50$2.41$2.29$2.17$2.05$1.93$1.81$1.68
Weighted Average Diluted Sharesn/a73.20M69.90M67.10M73.20M63.30M62.44M60.80M55.49M55.12M53.27M
EPS (Basic)n/a$3.99$3.91$3.91$3.98$3.74$3.65$3.29$4.75$3.33$1.41

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