Black Hills Corporation
Black Hills Corporation (NYSE: BKH) is a U.S. utility company that generates, transmits and distributes electricity and transports and distributes natural gas to retail customers. Its Electric Utilities segment serves about 227,000 customers in Colorado, Montana, South Dakota and Wyoming, and also sells excess power… From the company’s description.
Over the twelve months to Sep 30, 2026, Black Hills Corporation reported revenue of $2.34B, up 2.8% from a year earlier, and net income of $325.80M. Its operating margin was 24.3%, and operations generated $710.70M in cash. In fiscal 2025, it reported revenue of $2.31B, up 8.6% from fiscal 2024, and net income of $299.80M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Black Hills Corporation does
In the company’s own words
Black Hills Corporation (NYSE: BKH) is a U.S. utility company that generates, transmits and distributes electricity and transports and distributes natural gas to retail customers. Its Electric Utilities segment serves about 227,000 customers in Colorado, Montana, South Dakota and Wyoming, and also sells excess power to utilities and marketing companies. Its Gas Utilities segment serves about 1.14 million customers in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming, and sells pipeline capacity and natural gas to other utilities and marketers. The company also provides customer services including appliance protection, home repair plans and utility-system construction. Vertically integrated generation and mining operations support the electric utilities; its Wyoming coal mine supplies nearby generating plants. In 2025, the electric utilities owned 1,386 megawatts of generation and 9,478 miles of transmission and distribution lines. The gas utilities operated 4,581 miles of intrastate transmission pipelines and 44,840 miles of distribution mains and service lines. Its website is www.blackhillscorp.com.
Company details
- Sector
- Utilities
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- RAPID CITY, SD
- Fiscal year end
- December
- CIK
- 1130464
- SIC
- 4911
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Black Hills Corporation — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Black Hills Corporation’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Black Hills Corporation’s bonds, as funds hold them
Funds report holding 10 issues of Black Hills Corporation’s debt, $718.29M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.51%, maturing 2027 to 2049.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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