TTM
$532.50M
YoY change
+6.8%
5Y CAGR
+4.6%
Peak year (2025)
$537.50M
Cumulative operating income
$8.75B
Operating Income history chart for Black Hills (BKH) from 1985 to 2025
Latest: $537.50M
Operating Income growth chart for Black Hills (BKH) from 1985 to 2025
Latest: +6.8%
Operating Income history table for Black Hills (BKH) from 1985 to 2025
| 2025 | $537.50M | +6.8% | +$34.40M | ||
| 2024 | $503.10M | +6.4% | +$30.40M | ||
| 2023 | $472.70M | +3.8% | +$17.50M | ||
| 2022 | $455.20M | +11.2% | +$45.80M | ||
| 2021 | $409.40M | -4.4% | −$18.90M | ||
| 2020 | $428.30M | +5.5% | +$22.26M | ||
| 2019 | $406.04M | +2.3% | +$9.01M | ||
| 2018 | $397.04M | -4.7% | −$19.70M | ||
| 2017 | $416.74M | +24.0% | +$80.56M | ||
| 2016 | $336.18M | +11.9% | +$35.76M | ||
| 2015 | $300.42M | +13.9% | +$36.55M | ||
| 2014 | $263.87M | +1.7% | +$4.42M | ||
| 2013 | $259.44M | -6.1% | −$17.00M | ||
| 2012 | $276.44M | +48.4% | +$90.20M | ||
| 2011 | $186.24M | +1.5% | +$2.82M | ||
| 2010 | $183.42M | +44.6% | +$56.59M | ||
| 2009 | $126.83M | +127.0% | +$70.95M | ||
| 2008 | $55.88M | -55.6% | −$69.84M | ||
| 2007 | $125.72M | +23.1% | +$23.58M | ||
| 2006 | $102.14M | +24.8% | +$20.29M | ||
| 2005 | $81.85M | -36.4% | −$46.82M | ||
| 2004 | $128.67M | -1.9% | −$2.50M | ||
| 2003 | $131.17M | +16.4% | +$18.45M | ||
| 2002 | $112.72M | -20.1% | −$28.32M | ||
| 2001 | $141.03M | +22.9% | +$26.28M | ||
| 2000 | $114.75M | +85.7% | +$52.95M | ||
| 1999 | $61.80M | +25.1% | +$12.40M | ||
| 1998 | $49.40M | -16.3% | −$9.60M | ||
| 1997 | $59.00M | +8.7% | +$4.70M | ||
| 1996 | $54.30M | +28.7% | +$12.10M | ||
| 1995 | $42.20M | +8.8% | +$3.40M | ||
| 1994 | $38.80M | -72.2% | −$100.60M | ||
| 1993 | $139.40M | +3.0% | +$4.10M | ||
| 1992 | $135.30M | +1.4% | +$1.90M | ||
| 1991 | $133.40M | +4.6% | +$5.90M | ||
| 1990 | $127.50M | +6.3% | +$7.50M | ||
| 1989 | $120.00M | -57.7% | −$163.90M | ||
| 1988 | $283.90M | +131.9% | +$161.50M | ||
| 1987 | $122.40M | +9.4% | +$10.50M | ||
| 1986 | $111.90M | -1.8% | −$2.00M | ||
| 1985 | $113.90M | — | — |
- 2025$537.50M+6.8%
- 2024$503.10M+6.4%
- 2023$472.70M+3.8%
- 2022$455.20M+11.2%
- 2021$409.40M-4.4%
- 2020$428.30M+5.5%
- 2019$406.04M+2.3%
- 2018$397.04M-4.7%
- 2017$416.74M+24.0%
- 2016$336.18M+11.9%
- 2015$300.42M+13.9%
- 2014$263.87M+1.7%
- 2013$259.44M-6.1%
- 2012$276.44M+48.4%
- 2011$186.24M+1.5%
- 2010$183.42M+44.6%
- 2009$126.83M+127.0%
- 2008$55.88M-55.6%
- 2007$125.72M+23.1%
- 2006$102.14M+24.8%
- 2005$81.85M-36.4%
- 2004$128.67M-1.9%
- 2003$131.17M+16.4%
- 2002$112.72M-20.1%
- 2001$141.03M+22.9%
- 2000$114.75M+85.7%
- 1999$61.80M+25.1%
- 1998$49.40M-16.3%
- 1997$59.00M+8.7%
- 1996$54.30M+28.7%
- 1995$42.20M+8.8%
- 1994$38.80M-72.2%
- 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—
Operating Income values are taken from Black Hills's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's current operating income (TTM) is $532.50M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Black Hills (BKH) operating income totalled $537.50M – grew 6.8% year-over-year.
Over 2020–2025 (5 years), Black Hills operating income expanded at a +4.6% compound annual rate, sustaining 4 straight years of year-over-year growth.
Across the available history, operating income reached its high of $537.50M in 2025 and its low of $38.80M in 1994.
Black Hills Operating Income by Year
Black Hills Operating Income 2025: $537.50M
2025's operating income for Black Hills came in at $537.50M, grew 6.8% from 2024. This figure represents the highest annual value in the available history.
Black Hills Operating Income 2024: $503.10M
Black Hills posted operating income of $503.10M in 2024, grew 6.4% from 2023.
Black Hills Operating Income 2023: $472.70M
In 2023, Black Hills reported operating income of $472.70M, edged up 3.8% from 2022.
Black Hills Operating Income 2022: $455.20M
Black Hills operating income in 2022 was $455.20M, grew 11.2% from 2021.
Black Hills Operating Income 2021: $409.40M
Black Hills operating income in 2021 was $409.40M.
See more financial history for Black Hills (BKH).
Sector peers by Operating Income
Utilities peers of Black Hills (BKH), ranked by their latest operating income
| $8.58B | |
| $8.28B | |
| $7.27B | |
| $5.30B | |
| $4.41B | |
| $3.25B | |
| $3.09B | |
| $1.39B |
- $8.58B
- $8.28B
- $7.27B
- $4.41B
- $3.25B
- $1.39B
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