Black Hills (BKH) Operating Income (2009 - 2026)
Black Hills (BKH) posted Operating Income of $97 million for Q2 2026, up 17.6% from $82.5 million a year earlier but down 52.0% from the prior quarter.
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Analysis
Black Hills (BKH) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Income at Black Hills was $549 million, up 4.3% year-over-year; for FY2025, it was $537.5 million, up 6.8% from FY2024.
- Annual Operating Income has increased for four consecutive years, with a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- In prior years, Black Hills' Operating Income was $503.1 million in FY2024 (+6.4%), $472.7 million in FY2023 (+3.8%), $455.2 million in FY2022 (+11.2%) and $409.4 million in FY2021 (-4.4%).
- Quarterly Operating Income has run from a low of $63.5 million in Q2 2023 to a high of $205 million in Q1 2025 over five years.
- On a year-over-year basis, Operating Income increased in six of the last eight quarters, with growth averaging 5.6%.
- The strongest year-over-year quarter for Operating Income in the past five years was Q1 2022, with growth of 25.3%; the weakest was Q3 2024, with a decline of 22.5%.
- According to Business Quant data, Operating Income for the three prior quarters was $201.9 million (Q1 2026), $171.4 million (Q4 2025) and $78.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 685.00 Mn |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 329.00 Mn |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 706.00 Mn |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 432.80 Mn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 459.00 Mn |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 581.23 Mn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 320.41 Mn |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 542.00 Mn |
| 10 | Black Hills | 5.32 Bn | 5.02 Bn | - | 97.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 97.00 Mn |
| Mar 31, 2026 | 201.90 Mn |
| Dec 31, 2025 | 171.40 Mn |
| Sep 30, 2025 | 78.70 Mn |
| Jun 30, 2025 | 82.50 Mn |
| Mar 31, 2025 | 205.00 Mn |
| Dec 31, 2024 | 163.30 Mn |
| Sep 30, 2024 | 75.80 Mn |
| Jun 30, 2024 | 70.60 Mn |
| Mar 31, 2024 | 193.30 Mn |
| Dec 31, 2023 | 136.50 Mn |
| Sep 30, 2023 | 97.80 Mn |
| Jun 30, 2023 | 63.50 Mn |
| Mar 31, 2023 | 174.90 Mn |
| Dec 31, 2022 | 129.98 Mn |
| Sep 30, 2022 | 79.48 Mn |
| Jun 30, 2022 | 72.39 Mn |
| Mar 31, 2022 | 173.35 Mn |
| Dec 31, 2021 | 113.95 Mn |
| Sep 30, 2021 | 89.87 Mn |
API Access
Black Hills Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();