Black Hills BKH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Electric Utilities | $241.6M+2.1% | $236.5M+9.3% | $249.7M+7.4% | $219.9M+7.2% | $236.7M+6.5% | |
| Gas Utilities | $543.1M-5.1% | $402.9M+4.6% | $184.4M+6.2% | $223M+10.4% | $572.4M+12.5% | |
| Operating Income by Business | ||||||
| Electric Utilities | $59.9M+10.3% | $56.8M-0.4% | $62.4M-4.1% | $49M+5.8% | $54.3M-15.9% | |
| Gas Utilities | $146.5M-3.3% | $113.1M+6.0% | $20.8M+90.8% | $35.5M+54.3% | $151.5M+15.8% | |
| Taxes Excluding Income And Excise Taxes by Business | ||||||
| Electric Utilities | $9.2M-1.1% | $9.5M-5.9% | $9.4M0.0% | $8.9M-4.3% | $9.3M-7.0% | |
| Gas Utilities | $8.9M+7.2% | $7.9M+11.3% | $7.8M+13.0% | $6.2M-15.1% | $8.3M+18.6% | |
| Fuel Purchased Power And Cost Of Gas Sold by Business | ||||||
| Electric Utilities | $66.8M-0.6% | $67.4M+32.9% | $69.8M+27.1% | $55.3M+20.5% | $67.2M+22.6% | |
| Gas Utilities | $271.2M-7.3% | $168.6M+4.5% | $42.3M+6.5% | $68.9M+12.4% | $292.6M+11.7% | |
| Property Plant And Equipment Gross Period Increase Decrease by Business | ||||||
| Electric Utilities | $189.5M+85.6% | $147.3M+9.0% | $122.2M+99.7% | $109.7M+11.1% | $102.1M+17.5% | |
| Gas Utilities | $68.4M+15.9% | $129.6M+37.1% | $113.8M-3.4% | $94.8M-10.1% | $59M-30.6% | |
| Depreciation And Amortization by Business | ||||||
| Electric Utilities | $40.6M+9.4% | $39.4M+8.2% | $38.3M+0.8% | $37.5M+5.6% | $37.1M+5.1% | |
| Gas Utilities | $34.2M+6.5% | $33.8M+6.0% | $33.2M+6.1% | $32.3M+3.9% | $32.1M+5.6% | |
| Costs And Expenses Allocated by Business | ||||||
| Electric Utilities | $32M-3.3% | $32.7M+3.2% | $33.7M+3.1% | $33.1M+7.8% | $33.1M+10.3% | |
| Gas Utilities | $41.9M-4.3% | $41.9M+4.2% | $41.4M-4.8% | $41.2M+0.2% | $43.8M+8.1% | |
| Costs And Expenses Direct by Business | ||||||
| Electric Utilities | $33.1M-7.3% | $30.7M+1.0% | $36.1M+11.4% | $36.1M-3.5% | $35.7M+29.8% | |
| Gas Utilities | $40.4M-8.4% | $37.6M-0.8% | $38.9M-5.8% | $38.9M+1.8% | $44.1M+15.7% |
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.
