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Black Hills BKH Reportable Segment Aggregation Before Other Operating — Revenue

Other segment segments

Gas Utilities
$543.1M-5.1%
Electric Utilities
$241.6M+2.1%

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Other financials

Income statement

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Revenue$780.7M-3.0%
Operating income$201.9M-1.5%
Net income$131.0M-2.5%
EPS (diluted)$1.73-7.5%

Balance sheet

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Cash & equivalents$23.6M+258%
Total debt$4.2B+5.8%
Total equity$3.9B+8.5%
Total assets$10.8B+7.5%

Cash flow

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Operating cash flow$176.2M-22.7%
CapEx$267.4M+74.9%
Free cash flow-$91.2M-222%

Valuation

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Market cap$5.54B+20.7%

Profitability

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Operating margin23.4%+0.1pp
Net margin12.6%-0.1pp
FCF margin-13.7%-14.0pp

Returns & leverage

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Return on equity7.6%-0.4pp
Debt / equity1.1×0.0×
Current ratio0.6×-0.1×

Where this comes from

Reported directly by Black Hills in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Black Hills’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Hills's reportable segment aggregation before other operating — revenue?
Black Hills (BKH) reported reportable segment aggregation before other operating — revenue of $581.4M in Q4 2025.
How has Black Hills's reportable segment aggregation before other operating — revenue changed year-over-year?
Black Hills's reportable segment aggregation before other operating — revenue increased by 8.4% year-over-year, from $536.38M to $581.4M.
What is the long-term trend for Black Hills's reportable segment aggregation before other operating — revenue?
Over 2 years (2023 to 2025), Black Hills's reportable segment aggregation before other operating — revenue has grown at a -0.5% compound annual growth rate (CAGR), from $2.35B to $2.33B.
What does reportable segment aggregation before other operating — revenue mean?
This metric represents the total gross income generated by the core utility business segments before accounting for corporate-level overhead or other non-operating activities. It reflects the primary revenue streams from the delivery of electric and gas services to residential, commercial, and industrial customers. This figure serves as a key indicator of the scale and market demand for the company's utility operations.