Black Hills (BKH) Construction in Progress (2010 - 2025)

Black Hills has disclosed Construction in Progress across 15 years of filings, most recently posting $270.1 million for Q4 2025.

• In Q4 2025, Construction in Progress rose 4.12% year-over-year to $270.1 million; the TTM figure through Dec 2025 stood at $270.1 million (up 4.12% YoY), while the FY2025 annual figure was $270.1 million, up 4.12% from the prior year.
• Construction in Progress rose to $270.1 million in Q4 2025, from $259.4 million in the prior quarter.
• Over the last five years, Construction in Progress for BKH reached as high as $270.1 million in Q4 2025 and fell as low as $13.7 million in Q4 2022.
• The 5-year median for Construction in Progress is $123.1 million (2023), against an average of $140.8 million.
• Annual changes were most pronounced in 2022 — Construction in Progress plunged 63.81% — and 2023, when it surged 798.54%.
• A 5-year view of Construction in Progress shows it stood at $37.9 million in 2021, then sank by 63.81% to $13.7 million in 2022, then soared by 798.54% to $123.1 million in 2023, then surged by 110.72% to $259.4 million in 2024, then increased by 4.12% to $270.1 million in 2025.
• According to Business Quant data, Construction in Progress over the past three periods registered $270.1 million, $259.4 million, and $123.1 million for Q4 2025, Q4 2024, and Q4 2023 respectively.