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Black Hills Corp income statement

In fiscal 2025, Black Hills Corp reported revenue of $2.31bn, up 8.6% on the year before, operating income of $538m (a 23.3% margin) and net income of $292m, or $3.98 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1,1991,2201,2721,1741,2761,3941,2611,5391,6801,7541,7351,6971,9492,5522,3312,1282,3102,299
Gross profit603653697767——————————————
Operating income124183186276259264300336417397406428409455473503538549
Interest expense8391911141127185136137140138143152161168182200203
Income before tax1098457170181198220206282256243276258296302320344352
Income tax332218606367795973−24303372526364444
Net income82695082115131−3273177258199228237258262273292299
Diluted EPS$2.11$1.76$1.24$2.32$2.64$2.93−$0.71$1.37$3.21$4.66$3.28$3.65$3.74$3.97$3.91$3.91$3.98$3.98
Diluted shares (average)39m39m40m44m44m45m45m53m55m55m61m62m63m73m67m70m73m75m
EBITDA245310322422397409427512605593615653645706730773821844

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Black Hills Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Black Hills Corp.