Black Hills (BKH) revenue breakdown
By segment, Gas Utilities is the largest at 60% of fiscal 2025 revenue, growing 6% a year over 9 years.
Revenue by segment
Fiscal years, as Black Hills reports them in its 10-K filings; fiscal 2025 total $2.3B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gas Utilities | $838M | $948M | $1.0B | $1.0B | $960M | $1.1B | $1.7B | $1.5B | $1.3B | $1.4B | 60% |
| Electric Utilities | $677M | $705M | $686M | $719M | $721M | $831M | $888M | $854M | $864M | $933M | 40% |
| Mining | $60M | $67M | $34M | — | — | — | — | — | — | — | — |
| Power Generation | $91M | $95M | $6M | — | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for BKH.
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Where does Black Hills make its money?
In fiscal 2025, by segment: Gas Utilities $1.4B, Electric Utilities $933M.
From Black Hills's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.