Black Hills Corporation operates regulated electric and natural gas utilities under the Black Hills Energy brand. It serves roughly 1.3 million residential, commercial and industrial customers across eight central and western U.S. states, including South Dakota, Colorado, Wyoming and Nebraska. The business is built on franchise utility territories in Rocky Mountain, Great Plains and Midwest markets rather than competitive generation or trading.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 805.2 | — | 134.3 | 5.2% |
| Q2 2025 | 439 | — | 27.5 | 20.9% |
| Q3 2025 | 430.2 | — | 24.9 | 2% |
| Q4 2025 | 635.5 | — | 105 | 7.1% |
| Q1 2026 | 780.7 | -3% | 131 | -2.5% |
| Q2 2026 | 452.8 | 3.1% | 38.2 | 38.9% |
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