Black Hills Corporation (BKH)
NYSE: BKH · Real-Time Price · USD
72.75
+1.03 (1.44%)
Aug 6, 2026, 4:00 PM EDT - Market closed

Black Hills Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
430.22,3102,1282,3312,5521,949
Revenue Growth
7.12%8.57%-8.73%-8.64%30.92%14.86%
Gross Profit
-156.7888.7840.4796.4772.8705.5
Operating Income
549537.5503.1472.7455.2409.4
Net Income
299.1291.6273.1262.2258.4236.7
Earnings Per Share
3.963.983.913.913.253.74
EPS Growth
-0.25%1.79%0%20.31%-13.10%2.47%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Electric Utilities
0.950.940.880.870.90.84
Gas Utilities
1.361.381.271.481.671.12
Eliminations
-0.02-0.02-0.02-0.02-0.02-0.02
Revenue (Total)
430.22,3102,1282,3312,5521,949

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
79.5190.423.4932713.81
Total Debt
4,4944,7014,3844,4014,6684,547
Net Cash (Debt)
-4,414-4,511-4,361-4,308-4,641-4,533
Net Cash Growth
------
Net Cash Per Share
-58.86-61.79-62.38-64.21-83.22-71.62

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
628.3673.4719.3944.4584.8-64.6
Capital Expenditures
-933.5-819.8-744.2-555.6-604.4-677.5
Free Cash Flow
-305.2-146.4-24.9388.8-19.6-742.1
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-36.42%38.47%39.50%34.16%30.28%36.20%
Operating Margin
127.61%23.27%23.65%20.28%17.84%21.00%
Pretax Margin
81.85%14.87%15.04%12.94%11.60%13.26%
Profit Margin
71.62%12.98%13.33%11.84%10.61%12.89%
FCF Margin
-70.94%-6.34%-1.17%16.68%-0.77%-38.07%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.8122.7042.6002.5002.4102.320
Dividend Per Share Growth
4.00%4.00%4.00%3.73%3.88%6.91%
Dividend Yield
3.87%3.91%4.46%4.65%3.99%3.25%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.2717.4414.9713.8021.6418.87
Forward PE
15.6115.3214.2313.4917.1418.58
P/FCF Ratio
---9.46--
PS Ratio
2.412.271.971.581.822.34