How did BKH's revenue and expenses trend in Q4 2024?

Black Hills (BKH) experienced a decline in revenue and an increase in expenses during Q4 2024, resulting in a negative net income.

1. **Revenue Trend**: The company's revenue for Q4 2024 was -$17.8 million. This represents a significant decrease from the previous quarter's revenue, which was not provided. The negative revenue indicates a decline in the company's business operations or an unusual situation such as significant asset impairments or losses.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|BKH|BKH.N|Black Hills|20240101-2024|Corporate and Other|-1.78E7|169|
|BKH|BKH.N|Black Hills|20240101-2024|Corporate and Other|-1.34E7|169|
|BKH|BKH.N|Black Hills|20240101-2024|Corporate and Other|0|169|
|BKH|BKH.N|Black Hills|20240101-2024|Corporate and Other|0|169|
|BKH|BKH.N|Black Hills|20240101-2024|Electric Utilities|2.193E8|169|
|BKH|BKH.N|Black Hills|20240101-2024|Gas Utilities|5.071E8|169|
|BKH|BKH.N|Black Hills|20240101-2024|Corporate and Other|0|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|BKH|BKH.N|Black Hills|2024 Q1|12.095400340715502|1.316E8|169|
|BKH|BKH.N|Black Hills|2024 Q2|-7.142857142857142|2.47E7|169|
|BKH|BKH.N|Black Hills|2024 Q3|-45.90163934426229|2.64E7|169|
|BKH|BKH.N|Black Hills|2024 Q4|21.368547418967587|1.011E8|169|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|BKH|BKH.N|Black Hills|20240331|6.59E7|6.98051948051948|169|
|BKH|BKH.N|Black Hills|20240630|6.66E7|2.936630602782071|169|
|BKH|BKH.N|Black Hills|20240930|6.93E7|6.779661016949152|169|
|BKH|BKH.N|Black Hills|20241231|6.83E7|4.115853658536586|169|

2. **Expense Trend**: The Selling, General, and Administrative (SG&A) expenses for BKH in Q4 2024 were $68.3 million. This is a substantial amount and suggests that the company incurred significant costs in these areas. The Operating Expenses were $101.1 million. Together, these expenses far exceed the company's revenue, leading to a negative net income.
3. **Net Income Trend**: The net income for BKH in Q4 2024 was -$101.1 million. This is a substantial loss for the company, indicating that the expenses far outweighed the revenue during this period.

In conclusion, BKH faced a challenging quarter in Q4 2024, with revenue declining and expenses remaining high, leading to a significant negative net income. The company needs to address the factors contributing to the revenue decline and manage its expenses more effectively to improve financial performance in future quarters.