Net Assets for Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's latest reported net assets is $3.82B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
BKH
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Latest period
$3.82B
YoY change
+9.2%
5Y CAGR
+8.3%
Peak year (2025)
$3.82B
Latest annual
$3.82B
Net Assets history chart for Black Hills (BKH) from 1994 to 2025
Net Assets history table for Black Hills (BKH) from 1994 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $3.82B | +9.2% | ||
| 2024 | $3.50B | +8.9% | ||
| 2023 | $3.22B | +7.4% | ||
| 2022 | $2.99B | +7.5% | ||
| 2021 | $2.79B | +8.8% | ||
| 2020 | $2.56B | +8.4% | ||
| 2019 | $2.36B | +8.3% | ||
| 2018 | $2.18B | +27.7% | ||
| 2017 | $1.71B | +5.8% | ||
| 2016 | $1.61B | +10.1% | ||
| 2015 | $1.47B | +6.5% | ||
| 2014 | $1.38B | +5.2% | ||
| 2013 | $1.31B | +6.1% | ||
| 2012 | $1.23B | +1.9% | ||
| 2011 | $1.21B | +9.9% | ||
| 2010 | $1.10B | +1.4% | ||
| 2009 | $1.08B | +3.3% | ||
| 2008 | $1.05B | +8.3% | ||
| 2007 | $969.86M | +22.8% | ||
| 2006 | $790.04M | +6.9% | ||
| 2005 | $738.88M | +0.4% | ||
| 2004 | $735.76M | +3.7% | ||
| 2003 | $709.75M | +32.6% | ||
| 2002 | $535.16M | +3.9% | ||
| 2001 | $515.16M | +82.5% | ||
| 2000 | $282.35M | +30.4% | ||
| 1999 | $216.60M | +4.8% | ||
| 1998 | $206.70M | +0.6% | ||
| 1997 | $205.40M | +6.3% | ||
| 1996 | $193.20M | +6.0% | ||
| 1995 | $182.30M | +3.9% | ||
| 1994 | $175.40M | — |
Net Assets values are taken from Black Hills's reported balance sheets (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
The 2025 reading of Black Hills (BKH) net assets is $3.82B – grew 9.2% year-over-year.
Over 2020–2025 (5 years), Black Hills net assets expanded at a +8.3% compound annual rate, sustaining 31 straight years of year-over-year growth.
$3.82B stands as the all-time-high annual net assets, posted in 2025, against a low of $175.40M during 1994.
Among 8 Utilities peers, Black Hills (BKH) ranks 9th; the peer median for net assets is $31.38B.
Black Hills Net Assets by Year
Black Hills Net Assets 2025: $3.82B
Black Hills net assets in 2025 was $3.82B, grew 9.2% from 2024. This figure represents the highest annual value in the available history.
Black Hills Net Assets 2024: $3.50B
Black Hills net assets in 2024 was $3.50B, grew 8.9% from 2023.
Black Hills Net Assets 2023: $3.22B
Black Hills net assets in 2023 was $3.22B, grew 7.4% from 2022.
Black Hills Net Assets 2022: $2.99B
Black Hills net assets in 2022 was $2.99B, grew 7.5% from 2021.
Black Hills Net Assets 2021: $2.79B
Black Hills net assets in 2021 was $2.79B.
See more financial history for Black Hills (BKH).
Sector peers — Net Assets
Companies in the same sector as Black Hills, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $54.61B | Utilities |
| Duke Energy Corporation (DUK) | $51.84B | Utilities |
| The Southern Company (SO) | $36.02B | Utilities |
| Sempra (SRE) | $31.61B | Utilities |
| American Electric Power Company, Inc. (AEP) | $31.14B | Utilities |
| Dominion Energy, Inc. (D) | $29.08B | Utilities |
| Constellation Energy Corporation (CEG) | $14.52B | Utilities |
| GE Vernova Inc. (GEV) | $11.18B | Utilities |
Frequently asked questions
What is Black Hills's net assets?
- Latest reported net assets for Black Hills (BKH) is $3.82B (period ending December 31, 2025).
How has Black Hills net assets changed year-over-year?
- Black Hills (BKH) net assets changed +9.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills net assets?
- Black Hills (BKH) net assets compound annual growth rate is +8.3% over the most recent 5 years available.
When did Black Hills net assets hit its highest annual value?
- Black Hills net assets reached its highest annual value of $3.82B in 2025.
What was Black Hills net assets in 2024?
- Black Hills (BKH) net assets in 2024 was $3.50B.
What was Black Hills net assets in 2025?
- Black Hills (BKH) net assets in 2025 was $3.82B.
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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