Business Segments Black Hills Corporation

Equities

BKH

US0921131092

Multiline Utilities

Market Closed - Nyse Other stock markets 02:30:02 06/03/2026 am IST			5-day change	1st Jan Change
74.29 ^USD	-1.94%		+0.62%	+7.02%

05/02	Black Hills Corporation, Q4 2025 Earnings Call, Feb 05, 2026
05/02	Black Hills Q4 Adjusted Earnings, Revenue Rise; 2026 Adjusted EPS Guidance Issued	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Natural Gas Pipelines
Gas Utilities	112.49Cr	166.91Cr	148.42Cr	126.94Cr	138.28Cr
Total Assets	524.64Cr	557.83Cr	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-38Cr	-35Cr	-37Cr	-40Cr	-40Cr
Gross Profit	63Cr	70Cr	70Cr	75Cr	81Cr
D&A	10Cr	11Cr	11Cr	12Cr	13Cr
Operating Income	21Cr	24Cr	23Cr	27Cr	32Cr
Net Income	-	-	-	-	-
Electric Power Generation By Fossil Fuels
Electric Utilities (Incl. Power Generation and Mining)	84Cr	90Cr	86Cr	88Cr	94Cr
Total Assets	379.67Cr	392.97Cr	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-29Cr	-24Cr	-21Cr	-38Cr	-48Cr
Gross Profit	59Cr	63Cr	66Cr	67Cr	68Cr
D&A	13Cr	14Cr	14Cr	15Cr	15Cr
Operating Income	20Cr	21Cr	25Cr	23Cr	22Cr
Net Income	-	-	-	-	-
Power Generation	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Bituminous Coal And Lignite Mining
Mining	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Oil and Gas Production
Oil and Gas	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
Inter-Company Eliminations	-37Cr	-39Cr	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
D&A	-2.66Cr	-2.67Cr	-	-	-
Operating Income	-4.06Cr	-3.52Cr	-	-	-
Net Income	-	-	-	-	-
Corporate and Other	36Cr	37Cr	-1.79Cr	-1.78Cr	-1.56Cr
Total Assets	8.89Cr	11Cr	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-1.05Cr	-50.97L	-73L	-1.3Cr	-1.13Cr
D&A	2.68Cr	2.7Cr	3L	1L	-
Operating Income	3.61Cr	3.2Cr	-49L	-12L	-58L
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	194.91Cr	255.18Cr	233.13Cr	212.77Cr	231Cr
Total Assets	913.19Cr	961.82Cr	962.04Cr	1TCr	1.09TCr
Interest Expense	-15Cr	-16Cr	-18Cr	-19Cr	-19Cr
Income Tax Expense	71.69L	2.52Cr	2.56Cr	3.63Cr	4.37Cr
D&A	24Cr	25Cr	26Cr	27Cr	28Cr
CAPEX	-68Cr	-60Cr	-56Cr	-74Cr	-82Cr
Net Income	24Cr	26Cr	26Cr	27Cr	29Cr
EBT	26Cr	30Cr	30Cr	32Cr	34Cr
Operating Income	41Cr	46Cr	47Cr	50Cr	54Cr