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Black Hills BKH Electric Utilities — Public Utilities Property Plant And Equipment Transmission

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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:PublicUtilitiesPropertyPlantAndEquipmentTransmission.

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
Electric Utilities2025 / Property, Plant and Equipment2025 / Weighted Average Useful Life2024 / Property, Plant and Equipment2024 / Weighted Average Useful LifeLives / MinimumLives / Maximum
Electric plant:
Production$1,545.440$1,508.5393245
Electric transmission1,052.348793.7484451
Electric distribution1,347.3491,238.5474555
Integrated Generation727.330724.0301938
Plant acquisition adjustment (a)4.9324.9323232
General310.225306.6261628
Total electric plant in service4,987.44,576.2

ITEM 8.

FAQ

What is Black Hills's electric utilities — public utilities property plant and equipment transmission?
Black Hills (BKH) reported electric utilities — public utilities property plant and equipment transmission of $1.05B in Q4 2025.
How has Black Hills's electric utilities — public utilities property plant and equipment transmission changed year-over-year?
Black Hills's electric utilities — public utilities property plant and equipment transmission increased by 32.6% year-over-year, from $793.7M to $1.05B.
What does electric utilities — public utilities property plant and equipment transmission mean?
Represents the gross book value of assets dedicated to the high-voltage transmission of electricity from generation sources to distribution substations. This metric is critical for assessing the scale of infrastructure investment required to maintain grid connectivity and reliability across the utility's service territory.

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