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10-K

Annual Report

BLACK HILLS CORP /SD/ BKH

0001193125-26-046028

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Filed
Feb 11, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Jan 31, 2026 75.47M sh
Shares Diluted FY 2025 · Dec 31, 2025 73.2M sh
Shares Diluted FY 2025 · Dec 31, 2024 69.9M sh
Shares Diluted FY 2025 · Dec 31, 2023 67.1M sh
Shares Diluted restated FY 2025 · Dec 31, 2022 73.2M sh
Dividends Paid FY 2025 · Dec 31, 2025 $197.9M
Dividends Paid FY 2025 · Dec 31, 2024 $182.3M
Dividends Paid FY 2025 · Dec 31, 2023 $168.1M
Capex FY 2025 · Dec 31, 2025 $819.8M
Capex FY 2025 · Dec 31, 2024 $744.2M
Capex FY 2025 · Dec 31, 2023 $555.6M
Operating Cash Flow FY 2025 · Dec 31, 2025 $673.4M
Operating Cash Flow FY 2025 · Dec 31, 2024 $719.3M
Operating Cash Flow FY 2025 · Dec 31, 2023 $944.4M
Long Term Debt FY 2025 · Dec 31, 2025 $4.7B
Long Term Debt FY 2025 · Dec 31, 2024 $4.25B
Short Term Debt FY 2025 · Dec 31, 2025 $0
Short Term Debt FY 2025 · Dec 31, 2024 $133.8M
Cash And Equivalents FY 2025 · Dec 31, 2025 $182.8M
Cash And Equivalents FY 2025 · Dec 31, 2024 $16.1M
Stockholders Equity FY 2025 · Dec 31, 2025 $3.82B
Stockholders Equity FY 2025 · Dec 31, 2024 $3.5B
Current Liabilities FY 2025 · Dec 31, 2025 $740M
Current Liabilities FY 2025 · Dec 31, 2024 $763.4M
Current Assets FY 2025 · Dec 31, 2025 $995.9M
Current Assets FY 2025 · Dec 31, 2024 $742.3M
Total Assets FY 2025 · Dec 31, 2025 $10.87B
Total Assets FY 2025 · Dec 31, 2024 $10.02B
Eps Diluted FY 2025 · Dec 31, 2025 $3.98
Eps Diluted FY 2025 · Dec 31, 2024 $3.91
Eps Diluted FY 2025 · Dec 31, 2023 $3.91
Eps Basic FY 2025 · Dec 31, 2025 $3.99
Eps Basic FY 2025 · Dec 31, 2024 $3.91
Eps Basic FY 2025 · Dec 31, 2023 $3.91
Net Income FY 2025 · Dec 31, 2025 $291.6M
Net Income FY 2025 · Dec 31, 2024 $273.1M
Net Income FY 2025 · Dec 31, 2023 $262.2M
Operating Income FY 2025 · Dec 31, 2025 $537.5M
Operating Income FY 2025 · Dec 31, 2024 $503.1M
Operating Income FY 2025 · Dec 31, 2023 $472.7M
Revenue FY 2025 · Dec 31, 2025 $2.29B
Revenue FY 2025 · Dec 31, 2024 $2.1B
Revenue FY 2025 · Dec 31, 2023 $2.3B