# Black Hills Corp /sd/ (BKH) — Financial Analysis and SEC Results

> Official primary source: SEC EDGAR (CIK: 1130464). Listed on NYSE.
> Sector: Utilities · Industry: Electric Services
> Canonical URL: https://cifraresearch.com/en/empresa/BKH

## Business Profile

Profile and analysis of Black Hills Corp /sd/ in the utilities sector: 10-Q and 10-K results, quote and AI analysis of sales, free cash flow and capital allocation.

## Executive Financial Summary

In its most recent fiscal year (2025), Black Hills Corp /sd/ reported sales of 2286 M$, net income of 292 M$ and free cash flow (FCF) of -146 M$ (-6% FCF margin) (diluted earnings per share of 3,98 $).

## Annual Financial Results (Recent Fiscal Years)

| Fiscal Year | Revenue | Operating Income | Net Income | Free Cash Flow (FCF) | Diluted EPS |
|---|---|---|---|---|---|
| 2025 | 2286 M$ | 538 M$ | 292 M$ | -146 M$ | 3,98 $ |
| 2024 | 2098 M$ | 503 M$ | 273 M$ | -25 M$ | 3,91 $ |
| 2023 | 2302 M$ | 473 M$ | 262 M$ | 389 M$ | 3,91 $ |
| 2022 | 2543 M$ | 455 M$ | 258 M$ | -20 M$ | 3,97 $ |
| 2021 | 1931 M$ | 409 M$ | 237 M$ | -742 M$ | 3,74 $ |

## 10-Q and 10-K Filings Submitted to the SEC

- [10-Q (Q3 2026)](https://www.sec.gov/Archives/edgar/data/1130464/000119312526449130/bkh-20260930.htm) — Filed on 2026-11-05
- [10-Q (Q2 2026)](https://www.sec.gov/Archives/edgar/data/1130464/000119312526337444/bkh-20260630.htm) — Filed on 2026-08-06
- [10-Q (Q1 2026)](https://www.sec.gov/Archives/edgar/data/1130464/000119312526211037/bkh-20260331.htm) — Filed on 2026-05-07
- [10-K (FY 2025)](https://www.sec.gov/Archives/edgar/data/1130464/000119312526046028/bkh-20251231.htm) — Filed on 2026-02-11
- [10-Q (Q3 2025)](https://www.sec.gov/Archives/edgar/data/1130464/000119312525268567/bkh-20250930.htm) — Filed on 2025-11-06
- [10-Q (Q2 2025)](https://www.sec.gov/Archives/edgar/data/1130464/000095017025100667/bkh-20250630.htm) — Filed on 2025-07-31
- [10-Q (Q1 2025)](https://www.sec.gov/Archives/edgar/data/1130464/000095017025066572/bkh-20250331.htm) — Filed on 2025-05-08
- [10-K (FY 2024)](https://www.sec.gov/Archives/edgar/data/1130464/000095017025018647/bkh-20241231.htm) — Filed on 2025-02-12

## Reports Analyzed with AI on Cifra

- [Report 10-K 2025 ANNUAL results — BKH](https://cifraresearch.com/informe/BKH/2025-10K) ([Markdown](https://cifraresearch.com/informe/BKH/2025-10K.md))
- [Report 10-Q 2026 Q3 results — BKH](https://cifraresearch.com/informe/BKH/2026-Q3) ([Markdown](https://cifraresearch.com/informe/BKH/2026-Q3.md))

## Frequently Asked Questions

### What sector and industry does Black Hills Corp /sd/ operate in?
Black Hills Corp /sd/ (BKH) is listed on NYSE and operates in the Electric Services industry (consumer defensive sector in SEC EDGAR).

### Where can I consult official filings for BKH?
In the official SEC EDGAR system under CIK 1130464 (https://www.sec.gov/edgar) or on Cifra's interactive company page (https://cifraresearch.com/en/empresa/BKH).

## Citation and Attribution

Data extracted from SEC EDGAR. Analysis structured by Cifra (https://cifraresearch.com). For informational purposes only.