Black Hills BKH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Electric Utilities | $241.6M+2.2% | $236.5M-5.3% | $249.7M+13.6% | $219.9M-7.1% | $236.7M+9.4% | |
| Gas Utilities | $543.1M+34.8% | $402.9M+118% | $184.4M-17.3% | $223M-61.0% | $572.4M+48.6% | |
| Operating Income by Business | ||||||
| Electric Utilities | $59.9M+5.5% | $56.8M-9.0% | $62.4M+27.3% | $49M-9.8% | $54.3M-4.7% | |
| Gas Utilities | $146.5M+29.5% | $113.1M+444% | $20.8M-41.4% | $35.5M-76.6% | $151.5M+42.0% | |
| Taxes Excluding Income And Excise Taxes by Business | ||||||
| Electric Utilities | $9.2M-3.2% | $9.5M+1.1% | $9.4M+5.6% | $8.9M-4.3% | $9.3M-7.9% | |
| Gas Utilities | $8.9M+12.7% | $7.9M+1.3% | $7.8M+25.8% | $6.2M-25.3% | $8.3M+16.9% | |
| Fuel Purchased Power And Cost Of Gas Sold by Business | ||||||
| Electric Utilities | $66.8M-0.9% | $67.4M-3.4% | $69.8M+26.2% | $55.3M-17.7% | $67.2M+32.5% | |
| Gas Utilities | $271.2M+60.9% | $168.6M+299% | $42.3M-38.6% | $68.9M-76.5% | $292.6M+81.3% | |
| Property Plant And Equipment Gross Period Increase Decrease by Business | ||||||
| Electric Utilities | $189.5M+28.6% | $147.3M+20.5% | $122.2M+11.4% | $109.7M+7.4% | $102.1M-24.4% | |
| Gas Utilities | $68.4M-47.2% | $129.6M+13.9% | $113.8M+20.0% | $94.8M+60.7% | $59M-37.6% | |
| Depreciation And Amortization by Business | ||||||
| Electric Utilities | $40.6M+3.0% | $39.4M+2.9% | $38.3M+2.1% | $37.5M+1.1% | $37.1M+1.9% | |
| Gas Utilities | $34.2M+1.2% | $33.8M+1.8% | $33.2M+2.8% | $32.3M+0.6% | $32.1M+0.6% | |
| Costs And Expenses Allocated by Business | ||||||
| Electric Utilities | $32M-2.1% | $32.7M-3.0% | $33.7M+1.8% | $33.1M0.0% | $33.1M+4.4% | |
| Gas Utilities | $41.9M0.0% | $41.9M+1.2% | $41.4M+0.5% | $41.2M-5.9% | $43.8M+9.0% | |
| Costs And Expenses Direct by Business | ||||||
| Electric Utilities | $33.1M+7.8% | $30.7M-15.0% | $36.1M0.0% | $36.1M+1.1% | $35.7M+17.4% | |
| Gas Utilities | $40.4M+7.4% | $37.6M-3.3% | $38.9M0.0% | $38.9M-11.8% | $44.1M+16.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Black Hills break its business down?
- Black Hills (BKH) reports revenue by business across 2 parts — Electric Utilities and Gas Utilities. Each is extracted from the segment footnotes and tracked over time.
- Where does Black Hills's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Black Hills's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
