Total Debt for Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's latest reported total debt is $4.70B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
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
$4.70B
YoY change
+7.2%
5Y CAGR
+4.5%
Peak year (2025)
$4.70B
Latest annual
$4.70B
Total Debt history chart for Black Hills (BKH) from 1994 to 2025
Total Debt history table for Black Hills (BKH) from 1994 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $4.70B | +7.2% | ||
| 2024 | $4.38B | -0.4% | ||
| 2023 | $4.40B | -5.7% | ||
| 2022 | $4.67B | +2.7% | ||
| 2021 | $4.55B | +20.6% | ||
| 2020 | $3.77B | +7.9% | ||
| 2019 | $3.50B | +11.2% | ||
| 2018 | $3.14B | -5.5% | ||
| 2017 | $3.33B | +0.4% | ||
| 2016 | $3.31B | +70.5% | ||
| 2015 | $1.94B | +20.2% | ||
| 2014 | $1.62B | +9.3% | ||
| 2013 | $1.48B | +12.1% | ||
| 2012 | $1.32B | -18.9% | ||
| 2011 | $1.63B | +13.0% | ||
| 2010 | $1.44B | +18.5% | ||
| 2009 | $1.22B | +0.7% | ||
| 2008 | $1.21B | +62.1% | ||
| 2007 | $744.55M | -5.9% | ||
| 2006 | $790.95M | +7.3% | ||
| 2005 | $736.96M | -4.8% | ||
| 2004 | $773.75M | -12.7% | ||
| 2003 | $886.12M | +38.0% | ||
| 2002 | $642.31M | -21.0% | ||
| 2001 | $812.94M | +52.6% | ||
| 2000 | $532.73M | +105.2% | ||
| 1999 | $259.60M | +54.2% | ||
| 1998 | $168.40M | +2.2% | ||
| 1997 | $164.80M | -1.0% | ||
| 1996 | $166.40M | -1.0% | ||
| 1995 | $168.10M | +0.1% | ||
| 1994 | $168.00M | — |
Total Debt 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
2025's annual total debt for Black Hills (BKH) came in at $4.70B – grew 7.2% year-over-year.
Black Hills total debt compound annual growth for the 2020–2025 (5 years) window is +4.5%, with the latest reading among the more recent periods of the dataset.
$4.70B stands as the all-time-high annual total debt, posted in 2025, against a low of $164.80M during 1997.
Within Utilities, Black Hills (BKH) ranks 8th among 8 peers we track. The peer median for total debt is $49.59B.
Black Hills Total Debt by Year
Black Hills Total Debt 2025: $4.70B
Black Hills total debt in 2025 was $4.70B, grew 7.2% from 2024. This figure represents the highest annual value in the available history.
Black Hills Total Debt 2024: $4.38B
Black Hills total debt in 2024 was $4.38B, edged down 0.4% below 2023.
Black Hills Total Debt 2023: $4.40B
Black Hills total debt in 2023 was $4.40B, declined 5.7% below 2022.
Black Hills Total Debt 2022: $4.67B
Black Hills total debt in 2022 was $4.67B, edged up 2.7% from 2021.
Black Hills Total Debt 2021: $4.55B
Black Hills total debt in 2021 was $4.55B.
See more financial history for Black Hills (BKH).
Sector peers — Total Debt
Companies in the same sector as Black Hills, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| The Southern Company (SO) | $65.82B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is Black Hills's total debt?
- Latest reported total debt for Black Hills (BKH) is $4.70B (period ending December 31, 2025).
How has Black Hills total debt changed year-over-year?
- Black Hills (BKH) total debt changed +7.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills total debt?
- Black Hills (BKH) total debt compound annual growth rate is +4.5% over the most recent 5 years available.
When did Black Hills total debt hit its highest annual value?
- Black Hills total debt reached its highest annual value of $4.70B in 2025.
What was Black Hills total debt in 2024?
- Black Hills (BKH) total debt in 2024 was $4.38B.
What was Black Hills total debt in 2025?
- Black Hills (BKH) total debt in 2025 was $4.70B.
Metrics overview
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