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

Black Hills (BKH) posted quarterly Operating Income of $201.9 million for Q1 2026, down 1.51% YoY from $205.0 million in Q1 2025, and up 17.79% sequentially from $171.4 million in Q4 2025.

Black Hills (BKH) Operating Income (2009 - 2026) Analysis & Trends

Black Hills has disclosed Operating Income across 18 years of filings, most recently posting $201.9 million for Q1 2026.

  • In Q1 2026, Operating Income fell 1.51% year-over-year to $201.9 million; the TTM figure through Mar 2026 stood at $534.5 million (up 578.3% YoY), while the FY2025 annual figure was $537.5 million, up 699.85% from the prior year.
  • Operating Income rose to $201.9 million in Q1 2026, from $171.4 million in the prior quarter.
  • Over the last five years, Operating Income for BKH reached as high as $205.0 million in Q1 2025 and fell as low as -$272.9 million in Q4 2023.
  • The 5-year median for Operating Income is $82.5 million (2025), against an average of $77.9 million.
  • Annual changes were most pronounced in 2023 — Operating Income tumbled 309.96% — and 2025, when it surged 162.88%.
  • A 5-year view of Operating Income shows it stood at $130.0 million in 2022, then plunged by 309.96% to -$272.9 million in 2023, then advanced by 0.11% to -$272.6 million in 2024, then surged by 162.88% to $171.4 million in 2025, then gained by 17.79% to $201.9 million in 2026.
  • According to Business Quant data, Operating Income over the past three periods registered $201.9 million, $171.4 million, and $78.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - 764.80 Mn
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 819.20 Mn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 758.00 Mn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 301.03 Mn
5 Black Hills 5.61 Bn 5.58 Bn - 201.90 Mn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 189.59 Mn
7 Mdu Resources 4.26 Bn 4.20 Bn - 115.71 Mn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 99.40 Mn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn -4.74 Mn
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 11.28 Mn

Historic Data

Download Data
DateValue
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 -272.60 Mn
Sep 30, 2024 75.80 Mn
Jun 30, 2024 70.60 Mn
Mar 31, 2024 193.30 Mn
Dec 31, 2023 -272.90 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
Jun 30, 2021 67.27 Mn