State Ledger
Company profile

BLACK HILLS CORP /SD/ CIK 1130464

Ticker
BKH (NYSE)
Industry
Electric Services
Headquarters
Rapid City, SD 57709
Fiscal year end
2025 (FY)
Market Data
Close
$77.23
Change
+$0.94
Change %
1.23%
Volume
96,454

BKH · trading date Oct 13, 2026 · previous close $76.29 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$2.31B
Net income
$291.60M
Total assets
$10.87B
Total liabilities
—
Stockholders' equity
$3.82B
Cash & equivalents
$182.80M
Operating income
$537.50M
Operating cash flow
$673.40M
Capital expenditures
$819.80M

Fiscal year 2025, via 10-K filed 2026-02-11. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
23.3%
Net margin
12.6%
Free cash flow
-$146.40M
Free cash flow margin
-6.3%
Liabilities / assets
—
Equity / assets
35.2%
CapEx / revenue
35.5%
Operating cash flow / net income
2.31×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $2.31B $291.60M $10.87B — $3.82B
2024 $2.13B $273.10M $10.02B — $3.50B
2023 $2.33B $262.20M $9.62B — $3.22B
2022 $2.55B $258.40M $9.62B — $2.99B
2021 $1.95B $236.70M $9.13B — $2.79B
Company Details
SIC code
4911
State of incorporation
SD
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-08-17
Financials filed via
Form 10-K
filed 2026-02-11

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Rapid City, SD 57709
7001 MT RUSHMORE RD
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:53 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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