BLACK HILLS CORP /SD/ (BKH) Q3 2025 10-Q Quarterly Report

Filed: Nov 6, 2025Period ending Sep 30, 2025
Utilities
Electric ServicesSEC EDGAR

BLACK HILLS CORP /SD/ (BKH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

BLACK HILLS CORP /SD/ Q3 2025 10-Q Analysis

Risk Factors

  • Newly added merger risk: Completion contingent on shareholder & regulatory approvals, including HSR Act and FERC, with possible adverse conditions or abandonment
  • Most materially updated risk: $100M termination fee triggered by board recommendation changes or new competing transaction agreements post-termination
+3 more insights

BLACK HILLS CORP /SD/ Q3 2025 Quarterly Financials
XBRL

Revenue

$428M

+7.2% YoY -1.9% QoQ

Net Income

$25M

+2.0% YoY -9.1% QoQ

Operating Margin

18.4%

-60bp YoY -50bp QoQ

Net Margin

5.8%

-30bp YoY -46bp QoQ

ROE

0.7%

Total Assets

$10.3B

EPS (Diluted)

$0.34

+3.0% YoY -8.1% QoQ

Operating Cash Flow

$89M

-12.9% YoY -52.9% QoQ

Source: XBRL data from BLACK HILLS CORP /SD/ Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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