EBITDA for Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's current EBITDA (TTM) is $826.90M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
BKH
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$826.90M
YoY change
+5.4%
5Y CAGR
+5.1%
Peak year (2025)
$827.40M
Cumulative EBITDA
$12.62B
EBITDA history chart for Black Hills (BKH) from 1985 to 2025
EBITDA history table for Black Hills (BKH) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $827.40M | +5.4% | ||
| 2024 | $785.30M | +6.4% | ||
| 2023 | $738.40M | +4.1% | ||
| 2022 | $709.50M | +9.4% | ||
| 2021 | $648.50M | +0.5% | ||
| 2020 | $645.07M | +9.1% | ||
| 2019 | $591.31M | -0.4% | ||
| 2018 | $593.83M | -2.3% | ||
| 2017 | $608.11M | +17.5% | ||
| 2016 | $517.54M | +20.0% | ||
| 2015 | $431.39M | +4.4% | ||
| 2014 | $413.22M | -4.0% | ||
| 2013 | $430.55M | +0.3% | ||
| 2012 | $429.16M | +50.9% | ||
| 2011 | $284.44M | -8.7% | ||
| 2010 | $311.65M | -1.6% | ||
| 2009 | $316.71M | +319.0% | ||
| 2008 | $75.59M | -66.5% | ||
| 2007 | $225.41M | +14.9% | ||
| 2006 | $196.22M | +15.4% | ||
| 2005 | $169.97M | -21.5% | ||
| 2004 | $216.50M | +2.1% | ||
| 2003 | $211.96M | +20.0% | ||
| 2002 | $176.58M | -9.5% | ||
| 2001 | $195.09M | +32.2% | ||
| 2000 | $147.61M | +69.9% | ||
| 1999 | $86.90M | +18.4% | ||
| 1998 | $73.40M | -9.7% | ||
| 1997 | $81.30M | +5.4% | ||
| 1996 | $77.10M | +24.6% | ||
| 1995 | $61.90M | +9.6% | ||
| 1994 | $56.50M | -59.5% | ||
| 1993 | $139.40M | +3.0% | ||
| 1992 | $135.30M | +1.4% | ||
| 1991 | $133.40M | +4.6% | ||
| 1990 | $127.50M | +6.3% | ||
| 1989 | $120.00M | -57.7% | ||
| 1988 | $283.90M | +131.9% | ||
| 1987 | $122.40M | +9.4% | ||
| 1986 | $111.90M | -1.8% | ||
| 1985 | $113.90M | — |
EBITDA values are taken from Black Hills's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Black Hills (BKH) reported EBITDA of $827.40M – grew 5.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Black Hills EBITDA compounded at +5.1% per year, sustaining 6 straight years of year-over-year growth.
Across the available history, EBITDA reached its high of $827.40M in 2025 and its low of $56.50M in 1994.
Among 8 Utilities peers, Black Hills (BKH) ranks 9th; the peer median for EBITDA is $8.40B.
Black Hills EBITDA by Year
Black Hills EBITDA 2025: $827.40M
Black Hills EBITDA in 2025 was $827.40M, grew 5.4% from 2024. This figure represents the highest annual value in the available history.
Black Hills EBITDA 2024: $785.30M
Black Hills EBITDA in 2024 was $785.30M, grew 6.4% from 2023.
Black Hills EBITDA 2023: $738.40M
Black Hills EBITDA in 2023 was $738.40M, edged up 4.1% from 2022.
Black Hills EBITDA 2022: $709.50M
Black Hills EBITDA in 2022 was $709.50M, grew 9.4% from 2021.
Black Hills EBITDA 2021: $648.50M
Black Hills EBITDA in 2021 was $648.50M.
See more financial history for Black Hills (BKH).
Sector peers — EBITDA
Companies in the same sector as Black Hills, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is Black Hills's EBITDA?
- Latest reported EBITDA for Black Hills (BKH) is $826.90M (period ending December 31, 2025).
How has Black Hills EBITDA changed year-over-year?
- Black Hills (BKH) EBITDA changed +5.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills EBITDA?
- Black Hills (BKH) EBITDA compound annual growth rate is +5.1% over the most recent 5 years available.
When did Black Hills EBITDA hit its highest annual value?
- Black Hills EBITDA reached its highest annual value of $827.40M in 2025.
What was Black Hills EBITDA in 2024?
- Black Hills (BKH) EBITDA in 2024 was $785.30M.
What was Black Hills EBITDA in 2025?
- Black Hills (BKH) EBITDA in 2025 was $827.40M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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