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Black Hills BKH Electric Utilities — Asset Retirement Obligation Accretion Expense

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$2.9M-3.3%

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Other financials

Income statement

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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

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

Valuation

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Market cap$5.54B+27.2%
Enterprise value$9.55B+13.4%
P/E18.5×+3.2×
P/S2.4×+0.5×

Profitability

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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 / equity-0.1×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Black Hills in its filing.

Tagged under the XBRL concept us-gaap:AssetRetirementObligationAccretionExpense.

The source filing: Black Hills’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001193125-26-046028
Line itemDecember 31, 2024Liabilities IncurredLiabilities SettledAccretionRevisions to Prior EstimatesDecember 31, 2025
Electric Utilities$30.0$1.3$(0.3)$31.0
Gas Utilities70.72.973.6
Total$100.7$4.2$(0.3)$104.6

ITEM 8.

FAQ

What is Black Hills's electric utilities — asset retirement obligation accretion expense?
Black Hills (BKH) reported electric utilities — asset retirement obligation accretion expense of $325K in Q4 2025.
How has Black Hills's electric utilities — asset retirement obligation accretion expense changed year-over-year?
Black Hills's electric utilities — asset retirement obligation accretion expense increased by 18.2% year-over-year, from $275K to $325K.
What is the long-term trend for Black Hills's electric utilities — asset retirement obligation accretion expense?
Over 4 years (2021 to 2025), Black Hills's electric utilities — asset retirement obligation accretion expense has grown at a -0.3% compound annual growth rate (CAGR), from $1.32M to $1.3M.
What does electric utilities — asset retirement obligation accretion expense mean?
Reflects the periodic increase in the carrying amount of an asset retirement obligation due to the passage of time, calculated using the credit-adjusted risk-free interest rate. This non-cash expense represents the unwinding of the discount on long-term environmental liabilities.

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