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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
| 2,335 | 2,310 | 2,128 | 2,331 | 2,552 | 1,949 | |
Revenue Growth | 2.79% | 8.57% | -8.73% | -8.64% | 30.92% | 14.86% |
Fuel & Purchased Power | 808.6 | 831.5 | 730.3 | 982.9 | 1,231 | 741.9 |
Operations & Maintenance | 577.7 | 578 | 546.4 | 545 | 539.8 | 492 |
Depreciation & Amortization | 299.6 | 283.8 | 270.1 | 256.8 | 250.9 | 236 |
Other Operating Expenses | 85.5 | 84 | 81.8 | 78.3 | 75.7 | 69.1 |
Total Operating Expenses | 1,771 | 1,777 | 1,629 | 1,863 | 2,097 | 1,539 |
Operating Income | 563.7 | 532.7 | 499.1 | 468.3 | 454.8 | 410.1 |
Interest Expense | -198.1 | -194 | -186.5 | -174 | -157 | -150 |
Interest Income | 6.8 | 6.8 | 13.5 | 12.1 | 1.6 | 1.7 |
Net Interest Expense | -191.3 | -187.2 | -173 | -161.9 | -155.4 | -148.3 |
Allowance for Equity Funds for Construction | -10.7 | -10.7 | -4 | -0.4 | -0.6 | -0.6 |
Allowance for Borrowed Funds for Construction | -12.9 | -12.9 | -8.7 | -6 | -5.6 | -4.1 |
Other Non-Operating Income (Expenses) | 22.7 | 21.6 | 6.6 | 1.6 | 2.8 | 1.3 |
EBT Excluding Unusual Items | 371.5 | 343.5 | 320 | 301.6 | 296 | 258.4 |
Pretax Income | 371.5 | 343.5 | 320 | 301.6 | 296 | 258.4 |
Income Tax Expense | 45.7 | 43.7 | 36.3 | 25.6 | 25.2 | 7.2 |
Earnings From Continuing Ops. | 325.8 | 299.8 | 283.7 | 276 | 270.8 | 251.2 |
Net Income to Company | 325.8 | 299.8 | 283.7 | 276 | 270.8 | 251.2 |
Minority Interest in Earnings | -10.6 | -8.2 | -10.6 | -13.8 | -12.4 | -14.5 |
Net Income | 315.2 | 291.6 | 273.1 | 262.2 | 258.4 | 236.7 |
Net Income to Common | 315.2 | 291.6 | 273.1 | 262.2 | 258.4 | 236.7 |
Net Income Growth | 10.71% | 6.77% | 4.16% | 1.47% | 9.17% | 4.00% |
Shares Outstanding (Basic) | 76 | 73 | 70 | 67 | 65 | 63 |
Shares Outstanding (Diluted) | 76 | 73 | 70 | 67 | 65 | 63 |
Shares Change | 5.19% | 4.72% | 4.17% | 3.23% | 2.69% | 1.38% |
EPS (Basic) | 4.17 | 3.99 | 3.91 | 3.91 | 3.98 | 3.75 |
EPS (Diluted) | 4.14 | 3.98 | 3.91 | 3.91 | 3.97 | 3.74 |
EPS Growth | 4.90% | 1.79% | 0% | -1.51% | 6.15% | 2.50% |
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 |
Free Cash Flow | - | -146.4 | -24.9 | 388.8 | -19.6 | -742.1 |
Free Cash Flow Per Share | - | -2.00 | -0.36 | 5.79 | -0.30 | -11.72 |
Dividend Per Share | 0.676 | 2.704 | 2.600 | 2.500 | 2.410 | 2.320 |
Dividend Growth | -75.00% | 4.00% | 4.00% | 3.73% | 3.88% | 6.91% |
Profit Margin | 13.50% | 12.62% | 12.83% | 11.25% | 10.13% | 12.14% |
Free Cash Flow Margin | - | -6.34% | -1.17% | 16.68% | -0.77% | -38.07% |
EBITDA | 862.9 | 816.5 | 769.2 | 725.1 | 705.7 | 646.1 |
EBITDA Margin | 36.95% | 35.35% | 36.15% | 31.10% | 27.66% | 33.15% |
D&A For EBITDA | 299.2 | 283.8 | 270.1 | 256.8 | 250.9 | 236 |
EBIT | 563.7 | 532.7 | 499.1 | 468.3 | 454.8 | 410.1 |
EBIT Margin | 24.14% | 23.06% | 23.46% | 20.09% | 17.82% | 21.04% |
Effective Tax Rate | 12.30% | 12.72% | 11.34% | 8.49% | 8.51% | 2.79% |