Black Hills Corporation (BKH)
NYSE: BKH · Real-Time Price · USD
85.75
+1.56 (1.85%)
Nov 5, 2026, 10:02 AM EST - Market open
Black Hills Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | - | 182.8 | 16.1 | 86.6 | 21.4 | 8.92 |
Accounts Receivable | - | 389 | 351.2 | 350.3 | 508.2 | 321.65 |
Other Receivables | - | 23.3 | 19.8 | 18.5 | 17.6 | 18.02 |
Inventory | - | 172.4 | 153.9 | 160.9 | 207.4 | 150.98 |
Restricted Cash | - | 7.6 | 7.3 | 6.4 | 5.6 | 4.89 |
Other Current Assets | - | 220.8 | 194 | 203.9 | 311.5 | 303.68 |
Total Current Assets | - | 995.9 | 742.3 | 826.6 | 1,072 | 808.13 |
Property, Plant & Equipment | - | 8,234 | 7,630 | 7,119 | 6,798 | 6,449 |
Regulatory Assets | - | 255 | 272.9 | 304.4 | 392.7 | 526.31 |
Goodwill | - | 1,300 | 1,300 | 1,300 | 1,300 | 1,299 |
Other Intangible Assets | - | 6.4 | 7.6 | 8.4 | 9.6 | 10.77 |
Other Long-Term Assets | - | 78.8 | 70.4 | 62.2 | 46.7 | 38.05 |
Total Assets | - | 10,870 | 10,023 | 9,620 | 9,618 | 9,132 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | - | 311.7 | 229.1 | 186.4 | 310 | 217.76 |
Accrued Expenses | - | 263.6 | 246.6 | 217.3 | 195.8 | 195.95 |
Short-Term Debt | - | - | 133.8 | - | 535.6 | 420.18 |
Current Portion of Long-Term Debt | - | - | - | 600 | 525 | - |
Other Current Liabilities | - | 164.7 | 153.9 | 181.4 | 100.3 | 67.83 |
Total Current Liabilities | - | 740 | 763.4 | 1,185 | 1,667 | 901.71 |
Long-Term Debt | - | 4,701 | 4,250 | 3,801 | 3,607 | 4,127 |
Pension & Post-Retirement Benefits | - | 123.4 | 122.9 | 123.9 | 116.7 | 123.93 |
Long-Term Deferred Tax Liabilities | - | 697.9 | 625.1 | 548 | 508.9 | 465.39 |
Other Long-Term Liabilities | - | 701.7 | 675.8 | 656.4 | 628.7 | 626.82 |
Total Liabilities | - | 6,964 | 6,437 | 6,315 | 6,528 | 6,245 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | - | 75.5 | 71.7 | 68.3 | 66.1 | 64.79 |
Additional Paid-In Capital | - | 2,418 | 2,193 | 2,008 | 1,883 | 1,783 |
Retained Earnings | - | 1,343 | 1,249 | 1,158 | 1,064 | 962.46 |
Treasury Stock | - | -2.6 | -3.3 | -4.1 | -2.4 | -3.51 |
Comprehensive Income & Other | - | -9.7 | -9.4 | -14.8 | -15.6 | -20.08 |
Total Common Equity | 3,943 | 3,824 | 3,502 | 3,215 | 2,995 | 2,787 |
Minority Interest | - | 82.1 | 83.7 | 90.5 | 95 | 100.03 |
Shareholders' Equity | 4,024 | 3,906 | 3,585 | 3,306 | 3,090 | 2,887 |
Total Liabilities & Equity | - | 10,870 | 10,023 | 9,620 | 9,618 | 9,132 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 4,494 | 4,701 | 4,384 | 4,401 | 4,668 | 4,547 |
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 |
Filing Date Shares Outstanding | 76.1 | 75.47 | 71.62 | 68.2 | 66.1 | 64.74 |
Total Common Shares Outstanding | 76.1 | 75.48 | 71.62 | 68.2 | 66.1 | 64.74 |
Working Capital | - | 255.9 | -21.1 | -358.5 | -595 | -93.58 |
Book Value Per Share | 51.71 | 50.66 | 48.89 | 47.15 | 45.31 | 43.05 |
Tangible Book Value | 2,638 | 2,518 | 2,194 | 1,907 | 1,686 | 1,477 |
Tangible Book Value Per Share | 34.60 | 33.36 | 30.64 | 27.97 | 25.50 | 22.81 |
Machinery | - | 10,011 | 9,253 | 8,741 | 8,156 | 7,623 |
Construction In Progress | - | 334.4 | 313.2 | 175.9 | 218.7 | 227.77 |