Filing Flows › Black Hills (BKH) › How it makes money
How Black Hills (BKH) makes money
Black Hills (BKH) made $466M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 21¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $466M | 100.0% |
| Operating profit | $98.1M | 21.0% |
| Income tax | $5.8M | 1.2% |
| Net earnings | $41.0M | 8.8% |
| Operating cash flow | $171M | 36.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $466M | +8% |
| Q2 2026 | $453M | +3% |
| Q1 2026 | $781M | -3% |
| Q4 2025 | $636M | +6% |
| Q3 2025 | $430M | +7% |
| Q2 2025 | $439M | +9% |
| Q1 2025 | $805M | +11% |
From Black Hills' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Black Hills make money?
Black Hills (BKH) made $466M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 21¢ was left as operating profit, 9¢ was left as net earnings.
What is Black Hills' profit margin?
Net earnings were $41.0M, 8.8% of revenue, in the third quarter 2026; the operating margin was 21.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.