Black Hills (NYSE: BKH) stock: the official figures
Black Hills (Black Hills Corporation) is listed on the New York Stock Exchange under the ticker BKH and belongs to the utilities sector. In fiscal 2025 it reported revenue of $2,310m and a net profit of $291.6m, according to the annual accounts it filed with the regulator.
Identifiers for Black Hills: SEC CIK 1130464.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | $2,310m | $2,128m | +8.6% |
| Operating profit | $537.5m | $503.1m | +6.8% |
| Net profit | $291.6m | $273.1m | +6.8% |
| Earnings per share | $3.99 | $3.91 | +2.0% |
| Operating margin | 23.3% | 23.6% | −0.4 pts |
| Net margin | 12.6% | 12.8% | −0.2 pts |
| Total assets | $10,870m | $10,023m | +8.5% |
| Equity | $3,824m | $3,502m | +9.2% |
| Cash | $182.8m | $16.1m | +1,035.4% |
| Operating cash flow | $673.4m | $719.3m | −6.4% |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
10 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Earnings per share | Document |
|---|---|---|---|---|---|
| 2025 | $2,310m | $537.5m | $291.6m | $3.99 | Annual report |
| 2024 | $2,128m | $503.1m | $273.1m | $3.91 | Annual report |
| 2023 | $2,331m | $472.7m | $262.2m | $3.91 | Annual report |
| 2022 | $2,552m | $455.2m | $258.4m | $3.98 | Annual report |
| 2021 | $1,949m | $409.4m | $236.7m | $3.74 | Annual report |
| 2020 | $1,697m | $428.3m | $227.6m | $3.65 | Annual report |
| 2019 | $1,735m | $406.0m | $199.3m | $3.29 | Annual report |
| 2018 | $1,754m | $397.0m | $258.4m | $4.75 | Annual report |
| 2017 | $1,680m | $416.7m | $177.0m | $3.33 | Annual report |
| 2016 | $1,539m | $336.2m | $73.0m | $1.41 | Annual report |
The full income statement, balance sheet and cash flow statement are in the annual accounts of Black Hills. Year by year: dividends paid. Purchases and sales by its executives and directors are in insider transactions.
Dividends
In fiscal 2025, Black Hills paid $197.9m in dividends, 67.9% of its net profit, according to its cash flow statement.
| Fiscal year | Dividends paid | Share of net profit |
|---|---|---|
| 2025 | $197.9m | 67.9% |
| 2024 | $182.3m | 66.8% |
| 2023 | $168.1m | 64.1% |
| 2022 | $156.7m | 60.6% |
| 2021 | $145.0m | 61.3% |
| 2020 | $135.4m | 59.5% |
| 2019 | $124.6m | 62.5% |
| 2018 | $106.6m | 41.2% |
| 2017 | $96.7m | 54.6% |
| 2016 | $87.6m | 120.0% |
Cash paid out as dividends during the fiscal year, including dividends to minority shareholders of subsidiaries when the company does not report them separately. It is not the dividend per share.
Members of Congress who traded Black Hills
In the congressional reports read up to 9 November 2026, 1 member has disclosed 1 transaction in Black Hills: Lisa C. McClain (1).
Frequently asked questions about Black Hills
- How much did Black Hills earn in fiscal 2025?
- Black Hills reported a net profit of $291.6m for fiscal 2025, on revenue of $2,310m. The year before it reported a net profit of $273.1m.
- Does Black Hills pay a dividend?
- In fiscal 2025, Black Hills paid $197.9m in dividends, 67.9% of its net profit, according to its cash flow statement.
- What are the earnings per share of Black Hills?
- They were $3.99 in fiscal 2025, compared with $3.91 the year before.
- Where is Black Hills listed?
- Black Hills is listed on the New York Stock Exchange under the ticker BKH and belongs to the utilities sector.
- Where do the figures for Black Hills come from?
- From the annual report (Form 10-K) that Black Hills files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the annual report (Form 10-K) that Black Hills files with the SEC, the US securities regulator. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
Dividend per share of Black Hills by fiscal year, with the filing behind every figure: Black Hills dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.