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Black Hills BKH Electric Utilities — Costs And Expenses Allocated

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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 bkh:CostsAndExpensesAllocated.

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
Fuel, purchased power and cost of natural gas sold49.763.9113.6(0.1)113.5
Operations and maintenance (a) -
Direct33.441.374.73.378.0
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's electric utilities — costs and expenses allocated?
Black Hills (BKH) reported electric utilities — costs and expenses allocated of $32.1M in Q2 2026.
How has Black Hills's electric utilities — costs and expenses allocated changed year-over-year?
Black Hills's electric utilities — costs and expenses allocated decreased by 3.0% year-over-year, from $33.1M to $32.1M.
What is the long-term trend for Black Hills's electric utilities — costs and expenses allocated?
Over 3 years (2022 to 2025), Black Hills's electric utilities — costs and expenses allocated has grown at a 3.2% compound annual growth rate (CAGR), from $120.8M to $132.6M.
What does electric utilities — costs and expenses allocated mean?
Reflects the portion of shared corporate or administrative costs distributed to the electric utility segment. Monitoring this helps evaluate the impact of centralized management and support services on the segment's overall profitability.

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