Black Hills Corporation (BKH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 780.7M | 635.5M | 430.2M | 439M | 805.2M | 597.1M | 401.6M | 402.6M | 726.4M | 591.73M | 407.1M | 411.3M | 921.2M | 791.44M | 462.61M | 474.19M | 823.57M | 562.51M | 380.59M | 372.57M |
| Revenue Growth % | -3.04% | 6.43% | 7.12% | 9.04% | 10.85% | 0.91% | -1.35% | -2.12% | -21.15% | -25.23% | -12% | -13.26% | 11.85% | 40.7% | 21.55% | 27.28% | 30.02% | 15.65% | 9.81% | 13.97% |
| Cost of Revenue | 562.7M | 373.4M | 262.8M | 271.6M | 513.4M | 348.3M | 240.1M | 248.8M | 450.2M | 372.63M | 227.9M | 267.1M | 667.3M | 581.8M | 302.98M | 321.14M | 573.06M | 372.75M | 216.33M | 231.72M |
| Gross Profit | 218M | 262.1M | 167.4M | 167.4M | 291.8M | 248.8M | 161.5M | 153.8M | 276.2M | 219.11M | 179.2M | 144.2M | 253.9M | 209.64M | 159.63M | 153.06M | 250.51M | 189.76M | 164.26M | 140.85M |
| Gross Margin % | 27.92% | 41.24% | 38.91% | 38.13% | 36.24% | 41.67% | 40.21% | 38.2% | 38.02% | 37.03% | 44.02% | 35.06% | 27.56% | 26.49% | 34.51% | 32.28% | 30.42% | 33.74% | 43.16% | 37.81% |
| Gross Profit Growth % | -25.29% | 5.35% | 3.65% | 8.84% | 5.65% | 13.55% | -9.88% | 6.66% | 8.78% | 4.52% | 12.26% | -5.79% | 1.35% | 10.47% | -2.82% | 8.66% | 18.95% | -2.84% | 7.96% | 2.08% |
| Operating Expenses | 18.1M | 90.7M | 88.7M | 84.9M | 86.8M | 85.5M | 85.7M | 83.2M | 82.9M | 82.58M | 81.4M | 80.7M | 79M | 79.62M | 80.15M | 80.67M | 77.16M | 75.79M | 74.38M | 73.59M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 274.7M | 244.7M | 148.5M | 152.3M | 274.2M | 231.6M | 145.1M | 137.2M | 259.2M | 202.09M | 162.6M | 128.3M | 236.5M | 192.32M | 143.5M | 136.52M | 233.82M | 175.06M | 149.03M | 125.71M |
| EBITDA Margin % | 35.19% | 38.51% | 34.52% | 34.69% | 34.05% | 38.79% | 36.13% | 34.08% | 35.68% | 34.15% | 39.94% | 31.19% | 25.67% | 24.3% | 31.02% | 28.79% | 28.39% | 31.12% | 39.16% | 33.74% |
| EBITDA Growth % | 0.18% | 5.66% | 2.34% | 11.01% | 5.79% | 14.6% | -10.76% | 6.94% | 9.6% | 5.08% | 13.31% | -6.02% | 1.15% | 9.86% | -3.71% | 8.6% | 19.55% | -3.28% | 7.54% | 1.71% |
| Depreciation & Amortization | 74.8M | 73.3M | 69.8M | 69.8M | 69.2M | 68.3M | 69.3M | 66.6M | 65.9M | 65.56M | 64.8M | 64.8M | 61.6M | 62.3M | 64.02M | 64.13M | 60.46M | 61.08M | 59.16M | 58.44M |
| D&A / Revenue % | 9.58% | 11.53% | 16.23% | 15.9% | 8.59% | 11.44% | 17.26% | 16.54% | 9.07% | 11.08% | 15.92% | 15.75% | 6.69% | 7.87% | 13.84% | 13.52% | 7.34% | 10.86% | 15.54% | 15.69% |
| Operating Income (EBIT) | 199.9M | 171.4M | 78.7M | 82.5M | 205M | 163.3M | 75.8M | 70.6M | 193.3M | 136.53M | 97.8M | 63.5M | 174.9M | 130.02M | 79.48M | 72.39M | 173.35M | 113.97M | 89.87M | 67.27M |
| Operating Margin % | 25.61% | 26.97% | 18.29% | 18.79% | 25.46% | 27.35% | 18.87% | 17.54% | 26.61% | 23.07% | 24.02% | 15.44% | 18.99% | 16.43% | 17.18% | 15.27% | 21.05% | 20.26% | 23.61% | 18.05% |
| Operating Income Growth % | -2.49% | 4.96% | 3.83% | 16.86% | 6.05% | 19.61% | -22.49% | 11.18% | 10.52% | 5% | 23.05% | -12.28% | 0.89% | 14.08% | -11.57% | 7.62% | 25.33% | -9.51% | 9.29% | 0.5% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 3.81x | 3.22x | 1.59x | 1.67x | 3.99x | 3.26x | 1.58x | 1.59x | 4.23x | 2.93x | 2.26x | 1.47x | 4.00x | 2.93x | 1.98x | 1.90x | 4.49x | 2.93x | 2.38x | 1.75x |
| Interest / Revenue % | 0.13% | 0.16% | 0.23% | 0.23% | 0.12% | 0.17% | 0.25% | 0.25% | 0.14% | 0.17% | 0.25% | 0.24% | 0.11% | 0.13% | 0.22% | 0.21% | 0.12% | 0.18% | 0.26% | 0.27% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 150.7M | 125.8M | 29.9M | 33.2M | 154.5M | 113.8M | 29.3M | 28.4M | 148.5M | 92.97M | 56.2M | 20.5M | 132.1M | 85.34M | 39.92M | 35.19M | 135.51M | 75.16M | 53.41M | 28.87M |
| Pretax Margin % | 19.3% | 19.8% | 6.95% | 7.56% | 19.19% | 19.06% | 7.3% | 7.05% | 20.44% | 15.71% | 13.8% | 4.98% | 14.34% | 10.78% | 8.63% | 7.42% | 16.45% | 13.36% | 14.03% | 7.75% |
| Income Tax | 17.6M | 17.2M | 4M | 4.4M | 18.1M | 12.7M | 2.9M | 3.7M | 16.9M | 9.65M | 7.4M | -6.1M | 14.7M | 9.29M | 2.09M | -658K | 14.49M | 836K | 5.25M | 586K |
| Effective Tax Rate % | 11.68% | 13.67% | 13.38% | 13.25% | 11.72% | 11.16% | 9.9% | 13.03% | 11.38% | 10.38% | 13.17% | -29.76% | 11.13% | 10.88% | 5.23% | -1.87% | 10.69% | 1.11% | 9.83% | 2.03% |
| Net Income | 131M | 104.9M | 24.9M | 27.5M | 134.3M | 98.1M | 24.4M | 22.8M | 127.9M | 79.68M | 45.4M | 23.1M | 114.1M | 72.47M | 34.97M | 33.41M | 117.53M | 71.16M | 44.11M | 25.16M |
| Net Margin % | 16.78% | 16.51% | 5.79% | 6.26% | 16.68% | 16.43% | 6.08% | 5.66% | 17.61% | 13.47% | 11.15% | 5.62% | 12.39% | 9.16% | 7.56% | 7.05% | 14.27% | 12.65% | 11.59% | 6.75% |
| Net Income Growth % | -2.46% | 6.93% | 2.05% | 20.61% | 5% | 23.12% | -46.26% | -1.3% | 12.09% | 9.94% | 29.81% | -30.87% | -2.92% | 1.85% | -20.72% | 32.8% | 22.02% | -7.81% | 21.58% | 20.01% |
| EPS (Diluted) | 1.73 | 1.39 | 0.34 | 0.38 | 1.87 | 1.37 | 0.35 | 0.33 | 1.87 | 1.17 | 0.67 | 0.35 | 1.73 | 1.11 | 0.54 | 0.52 | 1.82 | 1.11 | 0.70 | 0.40 |
| EPS Growth % | -7.49% | 1.46% | -2.86% | 15.15% | 0% | 17.09% | -47.76% | -5.71% | 8.09% | 5.41% | 24.07% | -32.69% | -4.95% | 0% | -22.86% | 30% | 18.18% | -9.76% | 20.69% | 21.21% |
| EPS (Basic) | 1.74 | 1.40 | 0.34 | 0.38 | 1.87 | 1.37 | 0.35 | 0.33 | 1.88 | 1.17 | 0.67 | 0.35 | 1.73 | 1.11 | 0.54 | 0.52 | 1.82 | 1.11 | 0.70 | 0.40 |
| Diluted Shares Outstanding | 75.6M | 75.4M | 72.9M | 72.4M | 71.8M | 71.6M | 70.6M | 69M | 68.3M | 68M | 67.39M | 66.68M | 66.1M | 65.43M | 65.06M | 64.88M | 64.72M | 64.13M | 63.44M | 62.92M |