Black Hills Corporation (BKH) — Financial statements
Income statement, balance sheet, and cash flow for Black Hills Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,310↑8.6% | 2,128↓8.7% | 2,331↓8.6% | 2,552↑30.9% | 1,949 | |
| Cost of Revenue | 1,421↑10.4% | 1,287↓16.1% | 1,535↓13.7% | 1,779↑43.1% | 1,244 | |
| Gross Profit | 889↑5.7% | 840↑5.5% | 796↑3.1% | 773↑9.5% | 706 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 351↑4.1% | 337↑4.2% | 324↑1.9% | 318↑7.3% | 296 | |
| Operating Expenses | 351↑4.1% | 337↑4.2% | 324↑1.9% | 318↑7.3% | 296 | |
| Total Costs & Expenses | 1,773↑9.1% | 1,625↓12.6% | 1,859↓11.4% | 2,097↑36.2% | 1,540 | |
| Operating Results | ||||||
| Operating Income | 538↑6.8% | 503↑6.4% | 473↑3.8% | 455↑11.2% | 409 | |
| Depreciation & Amortization | 284↑5.1% | 270↑5.2% | 257↑2.4% | 251↑6.3% | 236 | |
| EBITDA | 827↑5.4% | 785↑6.4% | 738↑4.1% | 710↑9.4% | 649 | |
| EBIT | 544↑5.5% | 515↑7.0% | 482↑5.0% | 459↑11.2% | 413 | |
| Interest & Other Income | ||||||
| Net Interest Income | -200↓10.1% | -182↓8.2% | -168↓4.3% | -161↓5.6% | -152 | |
| Interest Income | 7↓49.6% | 14↑11.6% | 12↑656.3% | 2↓5.9% | 2 | |
| Interest Expense | 207↑6.0% | 195↑8.4% | 180↑10.7% | 163↑5.5% | 154 | |
| Non-Operating Income | -6↑49.6% | -12↓36.0% | -9↓161.8% | -3↓9.7% | -3 | |
| Other Income / Expenses | -194↓6.0% | -183↓7.0% | -171↓7.5% | -159↓5.4% | -151 | |
| Income Before Tax | 344↑7.3% | 320↑6.1% | 302↑1.9% | 296↑14.6% | 258 | |
| Income Tax Expense | 44↑20.4% | 36↑41.8% | 26↑1.6% | 25↑250.0% | 7 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 300↑5.7% | 284↑2.8% | 276↑1.9% | 271↑7.8% | 251 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 292↑6.8% | 273↑4.2% | 262↑1.5% | 258↑9.2% | 237 | |
| Bottom-Line Net Income | 292↑6.8% | 273↑4.2% | 262↑1.5% | 258↑9.2% | 237 | |
| EPS (Basic) | 3.99↑2.0% | 3.91↑0.0% | 3.91↓1.8% | 3.98↑6.4% | 3.74 | |
| EPS (Diluted) | 3.98↑1.8% | 3.91↑0.0% | 3.91↓1.5% | 3.97↑6.1% | 3.74 | |
| Weighted Average Shares | 73↑4.6% | 70↑4.2% | 67↑3.3% | 65↑2.6% | 63 | |
| Weighted Average Diluted Shares | 73↑4.7% | 70↑4.2% | 67↑3.2% | 65↑2.7% | 63 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.