Black Hills Corporation (BKH) Financial Statements (2026 and earlier)

Company Profile

Business Address 7001 MT RUSHMORE RD
RAPID CITY, SD 57709
State of Incorp. SD
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18316872196
Cash and cash equivalent18316872196
Restricted cash and investments876654
Receivables412371369526340285
Inventory, net of allowances, customer advances and progress billings172154161207151117
Inventory172154161207151117
Derivative instruments and hedges, assets    142
Regulatory asset14015517626027052
Other current assets813928512926
Total current assets:9967428271,072808493
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization8,2347,6307,1196,7986,4496,020
Intangible asset, including goodwill, after accumulated amortization1,3061,3071,3081,3091,3101,311
Goodwill1,3001,3001,3001,2991,2991,299
Intangible asset, excluding goodwill, after accumulated amortization688101112
Regulated entity, other noncurrent assets255273304393526227
Other noncurrent assets797062473838
Total noncurrent assets:9,8749,2808,7948,5478,3247,595
TOTAL ASSETS:10,87010,0239,6209,6189,1328,089
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities634531480553463427
Accounts payable312229186310218183
Accrued liabilities323302293243245244
Debt 1346001,061420242
Derivative instruments and hedges, liabilities647712
Regulatory liability1009499461825
Total current liabilities:7407631,1851,667902697
Noncurrent Liabilities
Long-term debt and lease obligation4,7014,2503,8013,6074,1273,528
Long-term debt, excluding current maturities4,7014,2503,8013,6074,1273,528
Liabilities, other than long-term debt1,5231,4241,3281,2541,2161,202
Deferred income tax liabilities698625548509465409
Liability, pension and other postretirement and postemployment benefits123123124117124151
Regulatory liability488475468473485508
Other liabilities213201189156141135
Total noncurrent liabilities:6,2245,6745,1304,8625,3434,730
Total liabilities:6,9646,4376,3156,5286,2455,426
Equity
Equity, attributable to parent3,8243,5023,2152,9952,7872,561
Common stock767268666563
Treasury stock, value(3)(3)(4)(2)(4)(2)
Additional paid in capital2,4182,1932,0081,8831,7831,657
Accumulated other comprehensive loss(10)(9)(15)(16)(20)(27)
Retained earnings1,3431,2491,1581,064962871
Equity, attributable to noncontrolling interest82849195100101
Total equity:3,9063,5853,3063,0902,8872,663
TOTAL LIABILITIES AND EQUITY:10,87010,0239,6209,6189,1328,089

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2,3102,1282,3312,5521,9491,697
Gross profit:2,3102,1282,3312,5521,9491,697
Operating expenses(1,773)(1,625)(1,859)(2,097)(1,540)(1,269)
Operating income:538503473455409428
Nonoperating expense(194)(183)(171)(159)(151)(153)
Interest and debt expense   (168)(161)(152)(143)
Other undisclosed income from continuing operations before equity method investments, income taxes      143
Income from continuing operations before equity method investments, income taxes:344320134135106276
Other undisclosed income from continuing operations before income taxes   168161152 
Income from continuing operations before income taxes:344320302296258276
Income tax expense(44)(36)(26)(25)(7)(33)
Income from continuing operations:300284276271251243
Income before gain (loss) on sale of properties:✕✕✕✕✕251243
Net income:300284276271251243
Net loss attributable to noncontrolling interest(8)(11)(14)(12)(15)(15)
Net income available to common stockholders, diluted:292273262258237228

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:300284276271251243
Other comprehensive income (loss)(0)51573
Comprehensive income:300289277275259246
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(11)(14)(12)(15)(15)
Comprehensive income, net of tax, attributable to parent:291279263263244231

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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