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Black Hills BKH Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$780.7MBeat by $11.5M
EPS$1.79Miss by $0.09
Revenue estimate$769.2M
EPS estimate$1.88

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$517.6M
EPS estimate$0.51

Financials

Q1 2026

Income statement

See full
Revenue$780.7M-3.0%
Operating income$201.9M-1.5%
Net income$131.0M-2.5%
EPS (diluted)$1.73-7.5%

Balance sheet

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Cash & equivalents$23.6M+258%
Total debt$4.2B+5.8%
Total equity$3.9B+8.5%
Total assets$10.8B+7.5%

Cash flow

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Operating cash flow$176.2M-22.7%
CapEx$267.4M+74.9%
Free cash flow-$91.2M-222%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$5.28B+20.7%
Enterprise value$9.5B+13.4%
P/E18.3×+2.7×
P/S2.3×+0.3×

Profitability

See full
Operating margin23.4%+0.1pp
Net margin12.6%-0.1pp
FCF margin-13.7%-14.0pp

Returns & leverage

See full
Return on equity7.6%-0.4pp
Debt / equity1.1×0.0×
Current ratio0.6×-0.1×

Segments

By segment

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Gas Utilities$543.1M-5.1%
Electric Utilities$241.6M+2.1%

FAQ

When did Black Hills report Q1 2026 earnings?
Black Hills (BKH) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Black Hills's Q1 2026 revenue and EPS?
Black Hills reported revenue of $780.7M and eps of $1.79 for Q1 2026.
Did Black Hills beat estimates in Q1 2026?
Revenue beat the consensus estimate of $769.2M by $11.5M. EPS missed the consensus estimate of $1.88 by $0.09.
How did Black Hills's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.0% from $805.2M a year earlier and eps declined 4.3% from $1.87.
Where can I find Black Hills's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-209210) and the 10-Q periodic report (0001193125-26-211037) directly on SEC EDGAR. The filing index links above go to sec.gov.