Revenue for Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's current revenue (TTM) is $2.31B USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
BKH
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TTM (last 4 quarters)
$2.31B
YoY change
+8.6%
5Y CAGR
+6.4%
Peak year (2022)
$2.55B
Cumulative revenue
$39.77B
Revenue history chart for Black Hills (BKH) from 1985 to 2025
Revenue history table for Black Hills (BKH) from 1985 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $2.31B | +8.6% | ||
| 2024 | $2.13B | -8.7% | ||
| 2023 | $2.33B | -8.6% | ||
| 2022 | $2.55B | +30.9% | ||
| 2021 | $1.95B | +14.9% | ||
| 2020 | $1.70B | -2.2% | ||
| 2019 | $1.73B | -1.1% | ||
| 2018 | $1.75B | +4.4% | ||
| 2017 | $1.68B | +9.2% | ||
| 2016 | $1.54B | +22.0% | ||
| 2015 | $1.26B | -9.5% | ||
| 2014 | $1.39B | +9.2% | ||
| 2013 | $1.28B | +8.7% | ||
| 2012 | $1.17B | -7.7% | ||
| 2011 | $1.27B | +4.3% | ||
| 2010 | $1.22B | -3.9% | ||
| 2009 | $1.27B | +26.2% | ||
| 2008 | $1.01B | +75.0% | ||
| 2007 | $574.84M | +5.9% | ||
| 2006 | $542.59M | -11.6% | ||
| 2005 | $613.54M | +37.7% | ||
| 2004 | $445.54M | -64.4% | ||
| 2003 | $1.25B | +37.6% | ||
| 2002 | $908.48M | +23.1% | ||
| 2001 | $737.83M | -54.6% | ||
| 2000 | $1.62B | +105.1% | ||
| 1999 | $791.90M | +16.6% | ||
| 1998 | $679.30M | +116.5% | ||
| 1997 | $313.70M | +92.9% | ||
| 1996 | $162.60M | +8.5% | ||
| 1995 | $149.90M | +3.0% | ||
| 1994 | $145.50M | +4.4% | ||
| 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 | — |
Revenue 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
Black Hills (BKH) most recent annual revenue stands at $2.31B (2025) – grew 8.6% year-over-year.
Black Hills revenue has recorded the values shown across consecutive periods, with a +6.4% compound annual growth rate over 2020–2025 (5 years).
Black Hills revenue declined from $2.55B in 2022 to $2.31B in 2025, a 9.5% drawdown.
Across the available history, revenue reached its high of $2.55B in 2022 and its low of $111.90M in 1986.
Black Hills (BKH) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $26.50B.
Black Hills Revenue by Year
Black Hills Revenue 2025: $2.31B
Black Hills revenue in 2025 was $2.31B, grew 8.6% from 2024.
Black Hills Revenue 2024: $2.13B
Black Hills revenue in 2024 was $2.13B, declined 8.7% below 2023.
Black Hills Revenue 2023: $2.33B
Black Hills revenue in 2023 was $2.33B, declined 8.6% below 2022.
Black Hills Revenue 2022: $2.55B
Black Hills revenue in 2022 was $2.55B, surged 30.9% from 2021. This figure represents the highest annual value in the available history.
Black Hills Revenue 2021: $1.95B
Black Hills revenue in 2021 was $1.95B.
See more financial history for Black Hills (BKH).
Sector peers — Revenue
Companies in the same sector as Black Hills, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| GE Vernova Inc. (GEV) | $38.07B | Utilities |
| Duke Energy Corporation (DUK) | $32.24B | Utilities |
| The Southern Company (SO) | $29.55B | Utilities |
| NextEra Energy, Inc. (NEE) | $27.48B | Utilities |
| Constellation Energy Corporation (CEG) | $25.53B | Utilities |
| American Electric Power Company, Inc. (AEP) | $21.78B | Utilities |
| Dominion Energy, Inc. (D) | $16.51B | Utilities |
| Sempra (SRE) | $13.71B | Utilities |
Frequently asked questions
What is Black Hills's revenue?
- Latest reported revenue for Black Hills (BKH) is $2.31B (period ending December 31, 2025).
How has Black Hills revenue changed year-over-year?
- Black Hills (BKH) revenue changed +8.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills revenue?
- Black Hills (BKH) revenue compound annual growth rate is +6.4% over the most recent 5 years available.
When did Black Hills revenue hit its highest annual value?
- Black Hills revenue reached its highest annual value of $2.55B in 2022.
What was Black Hills revenue in 2024?
- Black Hills (BKH) revenue in 2024 was $2.13B.
What was Black Hills revenue in 2025?
- Black Hills (BKH) revenue in 2025 was $2.31B.
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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BKH Overview
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