Black Hills Corporation (BKH)
NYSE: BKH · Real-Time Price · USD
86.30
+2.11 (2.50%)
Nov 5, 2026, 9:52 AM EST - Market open

Black Hills Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,3352,3102,1282,3312,5521,949
Revenue Growth
2.79%8.57%-8.73%-8.64%30.92%14.86%
Net Income
315.2291.6273.1262.2258.4236.7
Earnings Per Share
4.143.983.913.913.973.74
EPS Growth
4.90%1.79%0%-1.51%6.15%2.50%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Electric Utilities
984.8942.8876.1865900.16842.26
Gas Utilities
1,3661,3831,2691,4841,6691,125
Eliminations
-15.9-15.6-17.8-17.9-17.44-18.02
Revenue (Total)
2,3352,3102,1282,3312,5521,949

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
71.5182.816.186.621.48.92
Total Debt
4,4944,7014,3844,4014,6684,547
Net Cash (Debt)
-4,422-4,518-4,368-4,315-4,647-4,538
Net Cash Growth
------
Net Cash Per Share
-58.21-61.73-62.49-64.30-71.48-71.69

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-673.4719.3944.4584.8-64.6
Capital Expenditures
--819.8-744.2-555.6-604.4-677.5
Free Cash Flow
--146.4-24.9388.8-19.6-742.1
Free Cash Flow Growth
------

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
15.91%14.87%15.04%12.94%11.60%13.26%
Profit Margin
13.50%12.62%12.83%11.25%10.13%12.14%
FCF Margin
--6.34%-1.17%16.68%-0.77%-38.07%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
3.99%4.00%4.00%3.73%3.88%6.91%
Dividend Yield
3.26%3.90%4.45%4.65%3.48%3.33%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
20.8417.9715.3413.9917.7219.03
Forward PE
18.9515.3214.2313.4917.1418.58
P/FCF Ratio
---9.44--
PS Ratio
2.752.271.971.571.792.31