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Black Hills BKH Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$452.8MMiss by $38.1M
EPS$0.54Beat by $0.13
Revenue estimate$490.9M
EPS estimate$0.41
“I'm extremely proud of our team and all we've accomplished in the first half of the year, delivering strong financial results and meaningful progress on our strategic initiatives. We continued to advance our regulatory requests and execute our customer-focused capital plan, which includes our new 99-MW Lange II generation facility in South Dakota to be in service by year-end.”
Linn Evans

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$452.8M+3.1%
Operating income$97.0M+17.6%
Net income$38.2M+38.9%
EPS (diluted)$0.50+31.6%

Balance sheet

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Cash & equivalents$71.5M+783%
Total debt$4.1B+0.2%
Total equity$3.9B+8.5%
Total assets$11.0B+9.4%

Cash flow

See full
Operating cash flow$195.1M+3.4%
CapEx$218.1M-0.4%
Free cash flow-$23.0M+24.1%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$5.38B+26.2%
Enterprise value$9.39B+12.7%
P/E18×+3.0×
P/S2.3×+0.4×

Profitability

See full
Operating margin23.9%+0.4pp
Net margin13%+0.3pp
FCF margin-13.3%-27.7pp

Returns & leverage

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Return on equity7.9%-0.2pp
Debt / equity1×-0.1×
Current ratio0.5×-0.1×

Segments

By segment

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Gas Utilities$230.5M+3.4%
Electric Utilities$226.3M+2.9%

FAQ

When did Black Hills report Q2 2026 earnings?
Black Hills (BKH) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Black Hills's Q2 2026 revenue and EPS?
Black Hills reported revenue of $452.8M and eps of $0.54 for Q2 2026.
Did Black Hills beat estimates in Q2 2026?
Revenue missed the consensus estimate of $490.9M by $38.1M. EPS beat the consensus estimate of $0.41 by $0.13.
How did Black Hills's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.1% from $439.0M a year earlier and eps grew 42.1% from $0.38.
Where can I find Black Hills's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-335259) and the 10-Q periodic report (0001193125-26-337444) directly on SEC EDGAR. The filing index links above go to sec.gov.