MarketCapExport financials
Black Hills Corporation (BKH)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Black Hills Corporation Income Statement 2025-2007 | BKH
Brief overview of financial performance at Black Hills Corporation
The overview follows changes across a five-year period. According to figures from Black Hills Corporation, revenue changed from $1.7 billion to $2.3 billion over five years. The total change was +36.1%, with a CAGR of approximately 6.4%. Sales increased steadily, although without strong acceleration.
The five-year EBITDA result moved by +25.8%: from $653 million to $821 million. Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin moved from 38.5% to 35.6%. The margin contraction indicates weaker operating efficiency.
Over the period, net income shifted from $228 million to $292 million (+28.1%). The final year delivered the highest net income in the period.
The market value of the business moved from 3.5 billion dollars to 5.3 billion dollars, or +52.1%. The market broadly confirmed the positive direction of the business.
Overall conclusion
The results present an uneven picture without one dominant signal. The strongest signals are net-income growth and a larger revenue base. Caution is warranted because of pressure on operating profitability. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Black Hills Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.32 B | 4.17 B | 3.45 B | 4.13 B | 4.2 B | 3.5 B | 5.08 B | 3.64 B | 2.95 B | 3.19 B | 2.52 B | 2.24 B | 2.41 B | 1.78 B | 1.34 B | 1.09 B | 871 M | 1.34 B | - |
Shares |
73 M | 69.8 M | 67 M | 64.9 M | 63.2 M | 62.4 M | 60.7 M | 54.4 M | 53.2 M | 51.9 M | 51.2 M | 44.7 M | 44.2 M | 43.8 M | 39.9 M | 38.9 M | 38.6 M | 38.2 M | - |
Historical Prices |
72.9 | 59.8 | 51.5 | 63.7 | 66.5 | 56.1 | 76.3 | 60.6 | 48 | 52.6 | 40.1 | 39.5 | 42 | 29.8 | 23.9 | 27.9 | 22.5 | 35.2 | 41.4 |
Net Income |
292 M | 273 M | 262 M | 258 M | 237 M | 228 M | 199 M | 258 M | 177 M | 73 M | -32.1 M | 129 M | 115 M | 81.5 M | 49.7 M | 68.7 M | 81.6 M | 105 M | - |
Revenue |
2.31 B | 2.13 B | 2.33 B | 2.55 B | 1.95 B | 1.7 B | 1.73 B | 1.75 B | 1.68 B | 1.57 B | 1.3 B | 1.39 B | 1.28 B | 1.17 B | 1.27 B | 1.31 B | 1.27 B | 1.01 B | - |
Gross Profit |
- | - | - | - | - | - | 668 M | 647 M | 662 M | 617 M | 487 M | 453 M | 438 M | 439 M | 697 M | 653 M | 603 M | - | - |
Operating Income |
538 M | 503 M | 473 M | 455 M | 409 M | 428 M | 406 M | 397 M | 417 M | 336 M | 300 M | 264 M | 259 M | 276 M | 186 M | 183 M | 124 M | 55.9 M | - |
Interest Expense |
200 M | 182 M | 168 M | 161 M | 152 M | 143 M | 138 M | 140 M | 137 M | 136 M | 84.6 M | 71 M | 112 M | 114 M | 91.4 M | 90.6 M | 83.3 M | 58.3 M | - |
EBITDA |
821 M | 773 M | 730 M | 706 M | 645 M | 653 M | 611 M | 593 M | 606 M | 521 M | 438 M | 412 M | 400 M | 400 M | 324 M | 310 M | 245 M | 163 M | - |
Operating Expenses |
1.77 B | 1.62 B | 1.86 B | 2.1 B | 1.54 B | 1.27 B | 262 M | 250 M | 246 M | 288 M | 207 M | 192 M | 182 M | 197 M | 511 M | 1.04 B | 1.07 B | 950 M | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Black Hills Corporation
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
76.1 M | 75.9 M | 75.4 M | - | 72.8 M | 72.4 M | 71.6 M | - | 70.5 M | 69 M | 68.2 M | - | 67.3 M | 66.6 M | 66 M | - | 64.9 M | 64.7 M | 64.6 M | - | 63.3 M | 62.9 M | 62.6 M | 68 M | 62.6 M | 62.6 M | 61.8 M | 204 K | 61 M | 60.5 M | 59.9 M | - | 53.4 M | 53.4 M | 53.3 M | - | 53.2 M | 53.2 M | 53.2 M | - | 52.2 M | 51.5 M | 51 M | 51.2 M | 44.6 M | 44.6 M | 44.5 M | 44.7 M | 44.4 M | 44.4 M | 44.3 M | 44.5 M | 44.2 M | 44.2 M | 44.1 M | 44.2 M | 43.8 M | 43.8 M | 43.7 M | 44 M | 39.1 M | 39.1 M | 39.1 M | - | 38.9 K | 38.9 M |
Net Income |
43.5 M | 38.2 M | 131 M | - | 24.9 M | 27.5 M | 134 M | - | 24.4 M | 22.8 M | 132 M | - | 45.4 M | 23.1 M | 117 M | - | 35 M | 33.4 M | 121 M | - | 48.2 M | 28.3 M | 100 M | - | 36.3 M | 21 M | 93.2 M | 69.2 M | 11.7 M | 14.6 M | 104 M | 86.6 M | 17 M | 21.9 M | 133 M | 50.7 M | 31.6 M | 25.3 M | 80.1 M | 18.2 M | 17.9 M | 3.28 M | 40 M | -14.2 M | -9.94 M | -41.8 M | 33.8 M | 34.5 M | 27.4 M | 20.3 M | 48.1 M | 18.7 M | 23.1 M | 30.5 M | 43.2 M | 30.8 M | 34.5 M | -13.5 M | 29.8 M | 25.6 M | -10.5 M | 7.75 M | 26.9 M | 33.5 M | 12.4 M | -8.66 M |
Revenue |
461 M | 453 M | 781 M | - | 430 M | 439 M | 805 M | - | 402 M | 403 M | 717 M | - | 407 M | 411 M | 921 M | - | 463 M | 470 M | 824 M | - | 381 M | 373 M | 633 M | 482 M | 344 M | 327 M | 537 M | 478 M | 324 M | 334 M | 598 M | 501 M | 322 M | 356 M | 575 M | 455 M | 336 M | 342 M | 548 M | 455 M | 334 M | 325 M | 450 M | 318 M | 272 M | 272 M | 442 M | 378 M | 272 M | 283 M | 460 M | 355 M | 260 M | 280 M | 381 M | 319 M | 247 M | 242 M | 366 M | 361 M | 250 M | 261 M | 401 M | - | 264 M | 271 M |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 71.7 M | - | - | - | 73.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 273 M | - | - | - | 250 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
98.1 M | 97 M | 202 M | - | 78.7 M | 82.5 M | 205 M | - | 75.8 M | 70.6 M | 193 M | - | 97.8 M | 63.5 M | 175 M | - | 79.5 M | 72.4 M | 173 M | - | 89.9 M | 67.3 M | 138 M | 126 M | 82.2 M | 66.9 M | 153 M | 121 M | 70.6 M | 54 M | 160 M | 114 M | 65.1 M | 69.6 M | 148 M | 117 M | 79.6 M | 69.8 M | 150 M | 110 M | 70.8 M | 63.7 M | 91.3 M | 197 K | -2.04 M | -38.9 M | 70.5 M | 70.8 M | 55.2 M | 47.4 M | 90.4 M | 72.1 M | 56.5 M | 50 M | 80.8 M | 75.3 M | 77.8 M | 20.6 M | 70 M | 52.1 M | 39.6 M | 36.2 M | 58.4 M | 46.9 M | 47.9 M | 30.8 M |
Interest Expense |
1.3 M | 51.6 M | 51.9 M | - | 49.4 M | 48.9 M | 51.3 M | - | 45.2 M | 42.6 M | -800 K | - | -600 K | -1.5 M | 674 K | - | 464 K | -38.8 M | 704 K | - | 1.56 M | -191 K | 266 K | - | -36 M | -1.86 M | 2.35 M | - | -33.5 M | 263 K | -789 K | - | -703 K | -1.55 M | -172 K | - | 189 K | -76 K | -119 K | - | 160 K | -47 K | 688 K | - | 842 K | 395 K | 331 K | - | 261 K | 409 K | 592 K | - | 318 K | 473 K | 405 K | - | -287 K | 888 K | 1.47 M | - | 528 K | 29 M | 29.7 M | - | 24.3 M | 22.6 M |
EBITDA |
174 M | 172 M | 277 M | - | 150 M | 152 M | 274 M | - | 145 M | 137 M | 259 M | - | 163 M | 128 M | 237 M | - | 143 M | 137 M | 234 M | - | 149 M | 126 M | 196 M | 126 M | 139 M | 124 M | 210 M | 121 M | 122 M | 106 M | 211 M | 114 M | 114 M | 118 M | 197 M | 117 M | 127 M | 117 M | 197 M | 110 M | 120 M | 111 M | 136 M | 197 K | 35.7 M | 1.19 M | 110 M | 70.8 M | 91.9 M | 83.3 M | 126 M | 72.1 M | 92.7 M | 85.2 M | 116 M | 75.3 M | 119 M | 62 M | 109 M | 52.1 M | 72.8 M | 68.4 M | 90.3 M | 46.9 M | 78 M | 61.1 M |
Operating Expenses |
368 M | 356 M | 579 M | - | 352 M | 356 M | 600 M | - | 326 M | 332 M | 533 M | - | 309 M | 348 M | 746 M | - | 383 M | 402 M | 650 M | - | 291 M | 305 M | 495 M | 360 M | 264 M | 260 M | 384 M | 356 M | 255 M | 280 M | 438 M | -114 M | 257 M | 286 M | 427 M | -117 M | 256 M | 272 M | 397 M | -110 M | 275 M | 290 M | 376 M | -197 K | 274 M | 311 M | 371 M | -70.8 M | 217 M | 236 M | 370 M | -72.1 M | 204 M | 231 M | 301 M | -75.3 M | 169 M | 222 M | 296 M | -52.1 M | 210 M | 224 M | 342 M | -46.9 M | 216 M | 240 M |
General and Administrative Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.7 M | 46.4 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Black Hills Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
Bermuda
Brasil
Chile
Britain
Canada
Israel
India
Singapore
China
Argentina
