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Black Hills BKH Electric Utilities — Total Costs & Expenses

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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$5.46B+25.4%
Enterprise value$9.47B+12.5%
P/E18.3×+2.9×
P/S2.4×+0.4×

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:OperatingExpenses.

The source filing: Black Hills’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 1:21 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337444
Three Months Ended June 30, 2026Consolidating Income Statement / Electric UtilitiesConsolidating Income Statement / Gas UtilitiesConsolidating Income Statement / Total Reportable SegmentsConsolidating Income Statement / Corporate and OtherConsolidating Income Statement / Total
Allocated32.140.472.572.5
Depreciation and amortization40.934.475.375.3
Taxes other than income taxes9.17.416.516.5
Total operating expenses165.2187.4352.63.2355.8
Operating income (loss)$61.1$43.1$104.2$(7.2)$97.0
Interest expense, net(51.6)
Other income (expense), net0.2
Income tax (expense)(5.2)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's electric utilities — total costs & expenses?
Black Hills (BKH) reported electric utilities — total costs & expenses of $165.2M in Q2 2026.
How has Black Hills's electric utilities — total costs & expenses changed year-over-year?
Black Hills's electric utilities — total costs & expenses decreased by 3.3% year-over-year, from $170.9M to $165.2M.
What is the long-term trend for Black Hills's electric utilities — total costs & expenses?
Over 2 years (2021 to 2023), Black Hills's electric utilities — total costs & expenses has grown at a 2.6% compound annual growth rate (CAGR), from $224.5M to $236.2M.
What does electric utilities — total costs & expenses mean?
The total operating costs incurred by the electric utility segment, including fuel, purchased power, maintenance, and administrative expenses. This metric is essential for evaluating the operational efficiency and cost-management performance of the utility business.

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