# Black Hills (BKH) — Earnings

BKH · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/bkh/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.54 |
| EPS estimate | $0.41 |
| EPS surprise | +32.97% |
| Revenue surprise | −7.76% |
| Revenue | $452.8M |
| Revenue estimate | $490.9M |
| Reported | Aug 5, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1130464/000119312526337444/bkh-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/60c09a3f-1b42-270a-faf7-724b315ab487.html) |

Black Hills reported Q2 2026 results on August 5, 2026. Earnings per share were $0.54, ahead of the $0.41 estimate by 32.97%. Revenue was $452.8 million, 7.76% below the $490.9 million consensus. Compared with Q2 2025, EPS rose about 42% from $0.38 and revenue rose about 3% from $439.0 million.

Earnings follow a strong seasonal pattern. Q1 and Q4 are the big quarters, with Q1 EPS between $1.73 and $1.87 in each of the past five years, while Q2 and Q3 are much smaller. Q2 2026 was the best Q2 in the table. Annual EPS has been steady: $3.99 in 2022, $3.92 in both 2023 and 2024, and $4.11 in 2025. The first half of 2026 earned $2.33, about 4% more than the $2.25 a year earlier. Revenue has moved less consistently, from about $2.55 billion in 2022 to $2.13 billion in 2024 and $2.31 billion in 2025. Black Hills beat the EPS estimate in 13 of the last 20 quarters.

Q3 results have come out between November 1 and November 6 in each of the past five years, pointing to early November 2026 for the next report. Q3 has typically been one of the smaller quarters in the table.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 5, 2026 | $0.41 | $0.54 | 32.97% | $490.9M | $452.8M |
| Q1 2026 | May 6, 2026 | $1.84 | $1.79 | -2.72% | $769.2M | $780.7M |
| Q4 2025 | Feb 4, 2026 | $1.39 | $1.41 | 1.30% | $648.2M | $635.5M |
| Q3 2025 | Nov 5, 2025 | $0.39 | $0.45 | 13.98% | $445.5M | $430.2M |
| Q2 2025 | Jul 30, 2025 | $0.36 | $0.38 | 5.56% | $442.7M | $439.0M |
| Q1 2025 | May 8, 2025 | $1.94 | $1.87 | -3.73% | $706.1M | $805.2M |
| Q4 2024 | Feb 5, 2025 | $1.34 | $1.37 | 2.33% | $881.4M | $597.1M |
| Q3 2024 | Nov 6, 2024 | $0.49 | $0.35 | -28.86% | $446.3M | $401.6M |
| Q2 2024 | Jul 31, 2024 | $0.29 | $0.33 | 13.79% | $498.0M | $402.6M |
| Q1 2024 | May 8, 2024 | $1.70 | $1.87 | 10.21% | $683.0M | $726.4M |
| Q4 2023 | Feb 7, 2024 | $1.08 | $1.17 | 8.58% | $863.7M | $591.7M |
| Q3 2023 | Nov 1, 2023 | $0.51 | $0.67 | 32.02% | $579.9M | $407.1M |
| Q2 2023 | Aug 2, 2023 | $0.38 | $0.35 | -6.67% | $552.1M | $411.3M |
| Q1 2023 | May 3, 2023 | $1.67 | $1.73 | 3.39% | $748.1M | $921.2M |
| Q4 2022 | Feb 7, 2023 | $1.17 | $1.11 | -4.99% | $523.4M | $791.4M |
| Q3 2022 | Nov 2, 2022 | $0.58 | $0.54 | -7.01% | $413.4M | $462.6M |
| Q2 2022 | Aug 3, 2022 | $0.40 | $0.52 | 29.45% | $405.5M | $474.2M |
| Q1 2022 | May 4, 2022 | $1.65 | $1.82 | 10.08% | $633.3M | $823.6M |
| Q4 2021 | Feb 9, 2022 | $1.26 | $1.11 | -11.90% | $488.0M | $562.5M |
| Q3 2021 | Nov 2, 2021 | $0.64 | $0.70 | 8.71% | $386.7M | $380.6M |

## Frequently Asked Questions

### When did Black Hills (BKH) last report earnings?

Black Hills last reported on Aug 5, 2026, covering fiscal Q2 2026.

### Did BKH beat earnings estimates?

Yes. Black Hills reported EPS of $0.54 for Q2 2026 against a $0.41 estimate — a 32.97% beat.

### How much revenue did BKH report last quarter?

Black Hills reported $452.8M in revenue for Q2 2026, against a consensus estimate of $490.9M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).