Black Hills (BKH) Operating Expenses (2009 - 2026)

Black Hills (BKH) has reported Operating Expenses for 18 consecutive years, with $355.8 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses changed 0.2% year-over-year to $355.8 million in Q2 2026; TTM through Jun 2026 was $1.8 billion, a 1.98% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 9.1% from the prior year.
• Operating Expenses was $355.8 million for Q2 2026 at Black Hills, down from $578.8 million in the prior quarter.
• Over five years, Operating Expenses peaked at $746.3 million in Q1 2023 and troughed at $309.3 million in Q3 2023.
• A 5-year average of $460.4 million and a median of $417.8 million in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 47.46% in 2022 and sank 31.18% in 2023, its largest moves.
• Over 5 years, Operating Expenses stood at $661.4 million in 2022, then sank by 31.18% to $455.2 million in 2023, then fell by 4.7% to $433.8 million in 2024, then gained by 6.98% to $464.1 million in 2025, then slipped by 23.34% to $355.8 million in 2026.
• The last three Operating Expenses figures came in at $355.8 million (Q2 2026), $578.8 million (Q1 2026), and $464.1 million (Q4 2025), per Business Quant data.