Black Hills Corporation

Black Hills Corporation

BKHยทNYSE

$71.90

+0.60%
UtilitiesDiversified Utilities

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.

At a Glance

Live Snapshot
Market Cap$5.47B
EPS3.9900
P/E Ratio18.02
Earnings Date07/29/2026
3Y-9.0%
5Y+36.0%
10Y+50.0%
3Y+13.0%
5Y+28.0%
10Y+300.0%
3Y+15.0%
5Y+24.0%
10Y+110.0%
Black Hills Corporation

Black Hills Corporation Profit Bridge

BKH ยท NYSE
Revenue2.31B
Cost of Goods Sold (1.42B)
Gross Profit888.70M
Operating Expenses (351.20M)
Operating Income537.50M
Interest Expense (206.90M)
Other Income/Expense-194.00M
Pretax Income343.50M
Income Tax (43.70M)
Net Income291.60M
Net Income
291.60M

Profitability Analysis

Gross Margin

38.5%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

23.3%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

12.6%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

12.7%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

Black Hills Corporation Income Statement

BKH โ€ข NYSE

Black Hills Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
2.3B
2.1B
2.3B
2.6B
1.9B
1.7B
1.7B
1.8B
1.7B
1.5B
1.3B
1.4B
1.3B
1.2B
1.3B
1.2B
1.3B
1B
574.8M
542.6M
GROSS PROFIT
(1.4B)
(1.3B)
(1.5B)
(1.8B)
(1.2B)
(987.8M)
(1.1B)
(1.1B)
(1B)
(925.7M)
(780.7M)
(940.9M)
(837.8M)
(735.3M)
(915.9M)
(567M)
(652.7M)
(449.7M)
(161M)
(191.7M)
888.7M
840.4M
796.4M
772.8M
705.5M
709.1M
668.1M
647M
662.4M
613.2M
480.6M
452.7M
438M
438.6M
356.3M
652.7M
616.9M
556M
413.8M
350.9M
OPERATING INCOME
(351.2M)
(337.3M)
(323.7M)
(317.6M)
(296.1M)
(280.8M)
(262M)
(249.9M)
(245.6M)
(277M)
(180.2M)
(188.8M)
(178.6M)
(162.2M)
(170M)
(469.3M)
(490M)
(500.2M)
(288.1M)
(248.8M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(154.2M)
(138.6M)
(111.3M)
(88.6M)
537.5M
503.1M
472.7M
455.2M
409.4M
428.3M
406M
397M
416.7M
336.2M
300.4M
263.9M
259.4M
276.4M
186.2M
183.4M
126.8M
55.9M
125.7M
102.1M
PRE-TAX INCOME
(206.9M)
(195.2M)
(180M)
(162.6M)
(154.1M)
(144.9M)
(139.3M)
(141.6M)
(138.1M)
(136.1M)
(84.7M)
(71M)
(111.8M)
(113.6M)
(91.4M)
(101.3M)
(84.7M)
(54.1M)
(0.0)
(0.0)
-200.1M
-181.7M
-167.9M
-161M
-152.4M
-143.5M
-137.7M
-140M
-137.1M
-134.7M
-83M
-69M
-110.1M
-111.7M
-89.4M
-100.8M
-83.1M
-51.9M
0.0
0.0
(351.2M)
(337.3M)
(323.7M)
(317.6M)
(296.1M)
(280.8M)
(262M)
(249.9M)
(245.6M)
(277M)
(180.2M)
(188.8M)
(178.6M)
(162.2M)
(170M)
(469.3M)
(335.8M)
(361.6M)
(176.8M)
(160.2M)
-194M
-183.1M
-171.1M
-159.2M
-151M
-152.6M
-163.1M
-141.2M
-135M
-130.3M
-80.2M
-66.4M
-78M
-106.8M
-128.8M
-99.7M
-16.1M
-141.7M
-18M
-23.8M
343.5M
320M
301.6M
296M
258.4M
275.7M
242.9M
255.9M
281.7M
205.9M
220.2M
197.5M
181.4M
169.6M
57.5M
83.8M
110.7M
-85.8M
107.7M
78.4M
NET INCOME
(43.7M)
(36.3M)
(25.6M)
(25.2M)
(7.2M)
(32.9M)
(29.6M)
-23.7M
(73.4M)
(59.1M)
(78.7M)
(66.6M)
(63M)
(60.2M)
(18.2M)
(22.2M)
(33.3M)
-29.4M
(32.4M)
(23.1M)
291.6M
273.1M
262.2M
258.4M
236.7M
227.6M
199.3M
258.4M
177M
73M
-32.1M
130.9M
117.4M
102.4M
49.7M
68.7M
81.6M
105.1M
98.8M
81M

SEC Filings

BKH - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 15, 2026
May 15, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
April 29, 2026
2026
8-K

8-K 2026

N/A

April 02, 2026
April 02, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 18, 2026
April 29, 2026
2026
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
10-K

10-K 2025 FY

FY

February 11, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
S-4

S-4

N/A

January 30, 2026
January 30, 2026
ย 
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