BKHNYSEElectric ServicesFiscal year ends December 31

BLACK HILLS CORP /SD/

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$76.40−0.23 (-0.30%)

Close on Oct 19, 2026

Market cap: $5.81B
P/E (TTM): 19.3
Dividend yield: 3.54%

BLACK HILLS CORP /SD/ income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	2,310	2,128	2,331	2,552	1,949	1,697	1,735	1,754	1,680	1,539	1,261	1,394	1,276	1,174	1,272	1,220	1,199	1,006
Gross Profit	–	–	–	–	–	–	–	–	–	–	–	–	–	767	697	653	603	–
Operating Expenses	1,773	1,625	1,859	2,097	1,540	1,269	1,329	1,357	1,264	1,203	961	1,130	1,016	897	1,086	1,036	1,075	950
Total Costs & Expenses	–	–	552	548	502	552	549	535	512	528	377	403	387	371	375	352	341	113
Operating Income	538	503	473	455	409	428	406	397	417	336	300	264	259	276	186	183	124	56
Interest Expense	200	182	168	161	152	143	138	140	137	136	85	71	112	114	91	91	83	58
Interest & Investment Income	6.80	14	12	1.60	1.70	1.46	1.63	1.64	1.02	1.43	1.62	1.93	1.72	1.96	2.02	0.54	0.92	2.18
Income from Equity Investments	–	–	–	–	–	–	–	–	–	0	-0.34	0.00	-0.09	0.01	1.12	1.56	1.34	4.37
Other Non-Operating Income	-194	-183	-171	-159	-151	-153	-163	-141	2.11	4.39	2.81	2.68	1.80	2.97	3.73	7.15	13	-142
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	107	250	0	0	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	–	0	0	76	0	8.92	26	0
Pretax Income	344	320	302	296	258	276	243	256	282	206	220	198	181	170	57	84	109	-86
Income Tax Expense	44	36	26	25	7.20	33	30	-24	73	59	79	67	63	60	18	22	33	-29
Income from Continuing Operations	–	–	–	–	–	243	213	280	208	137	142	131	118	109	40	63	77	-52
Income from Discontinued Operations	–	–	–	–	–	0	0	-6.89	-17	-64	-174	0	-0.88	-6.98	9.37	5.54	4.29	157
Net Income incl. Noncontrolling Interests	300	284	276	271	251	243	213	273	191	83	-32	131	–	82	50	69	82	105
Minority Interest in Earnings	8.20	11	14	12	15	15	14	14	14	9.66	0	0	–	–	–	0	0	0.13
Net Income	292	273	262	258	237	228	199	258	177	73	-32	–	115	82	50	69	82	–
Net Income to Common	–	–	–	–	–	–	–	258	177	73	-32	131	117	102	50	69	82	105
EPS (Basic)(per share)	3.99	3.91	3.91	3.98	3.74	3.65	3.29	4.75	3.33	1.41	-0.71	2.95	2.66	2.34	1.25	1.76	2.11	2.75
EPS (Diluted)(per share)	3.98	3.91	3.91	3.97	3.74	3.65	3.28	4.66	3.21	1.37	-0.71	2.93	2.64	2.32	1.24	1.76	2.11	2.75
Shares Outstanding (Basic, Weighted)(shares)	73	70	67	65	63	62	61	54	53	52	45	44	44	44	40	39	39	38
Shares Outstanding (Diluted, Weighted)(shares)	73	70	67	73	63	62	61	55	55	53	45	45	44	44	40	39	39	38
Dividend per Share(per share)	2.70	2.60	2.50	2.41	2.29	2.17	2.05	1.93	1.81	1.68	1.62	1.56	1.52	1.48	1.46	1.44	1.42	–
EBITDA	821	773	730	706	645	653	615	593	605	512	427	409	397	422	322	310	245	163

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 23.9%
Net margin: 13.0%
Return on equity, FY2025: 8.0%

Financial strength

Current ratio: 0.52
Debt to equity: 1.14
Debt to assets: 40.7%
Cash to current liabilities: 5.0%

Valuation

P/E ratio: 19.3
Price to sales: 2.53
Price to book: 1.47
Dividend yield: 3.54%