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Black Hills Corporation (BKH) is an utilities company in the US gas distribution services industry, based in Rapid City, United States, with about 2,841 full-time employees.
It reported revenue of $2.31 billion for fiscal year 2025, up 8.6% from fiscal year 2024, and net income of $291.60 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $452.80 million, up 3.1% from a year before. Its largest business segment, Gas Utilities, brought in 59% of segment revenue in fiscal year 2025. Its market capitalization was $5.29 billion as of December 4, 2025.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of December 4, 2025.
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities.
Black Hills reported $2.31 billion in revenue for fiscal year 2025, up 8.6% from $2.13 billion in fiscal year 2024. In Q2 2026 revenue was $452.80 million.
Gas Utilities, with $1.38 billion or 59% of segment revenue in fiscal year 2025. Next: Electric Utilities (41%).
$5.29 billion as of December 4, 2025.
Listed companies of a similar size in the same industry (US gas distribution services) include Sempra (SRE), Atmos Energy Corporation (ATO), NiSource Inc. (NI), New Jersey Resources Corporation (NJR).