Black Hills Financial Statements
NYSE: BKHUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Black Hills revenue and earnings
In fiscal 2025, Black Hills generated $2.31 billion in revenue, up 8.6% from fiscal 2024. Net income was $291.6 million (+6.8% year over year), for a net margin of 12.6% versus a median of 12.1% in the prior 5 years. Operating margin was 23.3%.
Diluted earnings per share came in at $3.98, up from $3.91. Over the last 5 fiscal years, BKH's revenue has grown at a 6.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Black Hills income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.31B | 2.13B | 2.33B | 2.55B | 1.95B | 1.70B | 1.73B | 1.75B | 1.68B | 1.54B |
| Revenue growth (YoY) | +8.57% | -8.73% | -8.64% | +30.92% | +14.86% | -2.19% | -1.10% | +4.40% | +9.19% | +22.01% |
| Operating Expenses | 1.77B | 1.62B | 1.86B | 2.10B | 1.54B | 1.27B | 1.33B | 1.36B | 1.26B | 1.20B |
| Operating Income | 537.50M | 503.10M | 472.70M | 455.20M | 409.40M | 428.30M | 406.04M | 397.04M | 416.74M | 336.18M |
| Interest Expense | 200.10M | 181.70M | 167.90M | 161.00M | 152.40M | 143.47M | 137.66M | 139.97M | 137.10M | 136.11M |
| Other Income (Expense) | -194.00M | -183.10M | -171.10M | -159.20M | -151.00M | -152.62M | -163.14M | -141.16M | 2.11M | 4.39M |
| Pretax Income | 343.50M | 320.00M | 301.60M | 296.00M | 258.40M | 275.68M | 242.90M | 255.88M | 281.74M | 205.89M |
| Income Tax | 43.70M | 36.30M | 25.60M | 25.20M | 7.20M | 32.92M | 29.58M | -23.67M | 73.37M | 59.10M |
| Net Income | 291.60M | 273.10M | 262.20M | 258.40M | 236.70M | 227.61M | 199.31M | 258.44M | 177.03M | 72.97M |
| Net Income growth (YoY) | +6.77% | +4.16% | +1.47% | +9.17% | +3.99% | +14.20% | -22.88% | +45.98% | +142.61% | — |
| EPS (Basic) | 3.99 | 3.91 | 3.91 | 3.98 | 3.74 | 3.65 | 3.29 | 4.75 | 3.33 | 1.41 |
| EPS (Diluted) | 3.98 | 3.91 | 3.91 | 3.97 | 3.74 | 3.65 | 3.28 | 4.66 | 3.21 | 1.37 |
| Shares Outstanding (Basic) | 73.00M | 69.80M | 67.00M | 64.90M | 63.20M | 62.38M | 60.66M | 54.42M | 53.22M | 51.92M |
| Shares Outstanding (Diluted) | 73.20M | 69.90M | 67.10M | 73.20M | 63.30M | 62.44M | 60.80M | 55.49M | 55.12M | 53.27M |
| EBITDA | 821.30M | 773.20M | 729.50M | 706.10M | 645.40M | 652.76M | 615.16M | 593.37M | 604.98M | 511.71M |
| Operating Margin | 23.27% | 23.65% | 20.28% | 17.84% | 21.00% | 25.24% | 23.40% | 22.63% | 24.80% | 21.85% |
| Net Margin | 12.62% | 12.84% | 11.25% | 10.13% | 12.14% | 13.41% | 11.49% | 14.73% | 10.54% | 4.74% |
This table shows 10 annual periods of Black Hills's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow BKH's reporting calendar. What is a income statement?