BLACK HILLS CORP /SD/
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.3B | $2.1B | $2.3B | $2.5B | $1.9B |
| Operating expenses | $1.8B | $1.6B | $1.9B | $2.1B | $1.5B |
| Operating income | $537.5M | $503.1M | $472.7M | $455.2M | $409.4M |
| Interest expense | $200.1M | $181.7M | $167.9M | $161.0M | $152.4M |
| Pretax income | $343.5M | $320.0M | $301.6M | $296.0M | $258.4M |
| Income tax expense | $43.7M | $36.3M | $25.6M | $25.2M | $7.2M |
| Net income | $291.6M | $273.1M | $262.2M | $258.4M | $236.7M |
| Balance Sheet | |||||
| Cash and equivalents | $182.8M | $16.1M | $86.6M | $21.4M | $8.9M |
| Current assets | $995.9M | $742.3M | $826.6M | $1.1B | $808.1M |
| Total assets | $10.9B | $10.0B | $9.6B | $9.6B | $9.1B |
| Current liabilities | $740.0M | $763.4M | $1.2B | $1.7B | $901.7M |
| Stockholders' equity | $3.8B | $3.5B | $3.2B | $3.0B | $2.8B |
| Cash Flow Statement | |||||
| Cash from operations | $673.4M | $719.3M | $944.4M | $584.8M | -$64.6M |
| Depreciation and amortization | $283.8M | $270.1M | $256.8M | $250.9M | $236.0M |
| Stock-based compensation | $11.8M | $10.6M | $7.0M | $8.6M | $9.7M |
| Capital expenditure | $819.8M | $744.2M | $555.6M | $604.4M | $677.5M |
| Free cash flow | -$146.4M | -$24.9M | $388.8M | -$19.6M | -$742.1M |
| Dividends paid | $197.9M | $182.3M | $168.1M | $156.7M | $145.0M |
Shares outstanding 76.1M · Free float 99.3%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.