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Black Hills BKH Gas Utilities — Asset Retirement Obligation Accretion Expense

Other segment segments

Electric Utilities
$1.3M+18.2%

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$2.27M+31.3%

Other financials

Income statement

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Revenue$780.7M-3.0%
Operating income$201.9M-1.5%
Net income$131.0M-2.5%
EPS (diluted)$1.73-7.5%

Balance sheet

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Cash & equivalents$23.6M+258%
Total debt$4.2B+5.8%
Total equity$3.9B+8.5%
Total assets$10.8B+7.5%

Cash flow

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Operating cash flow$176.2M-22.7%
CapEx$267.4M+74.9%
Free cash flow-$91.2M-222%

Valuation

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Market cap$5.54B+20.7%
Enterprise value$9.76B+13.4%
P/E19.2×+2.8×
P/S2.4×+0.3×

Profitability

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Operating margin23.4%+0.1pp
Net margin12.6%-0.1pp
FCF margin-13.7%-14.0pp

Returns & leverage

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Return on equity7.6%-0.4pp
Debt / equity1.1×0.0×
Current ratio0.6×-0.1×

Where this comes from

Reported directly by Black Hills in its filing.

Tagged under the XBRL concept us-gaap:AssetRetirementObligationAccretionExpense.

The official record: Black Hills’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Hills's gas utilities — asset retirement obligation accretion expense?
Black Hills (BKH) reported gas utilities — asset retirement obligation accretion expense of $725K in Q4 2025.
How has Black Hills's gas utilities — asset retirement obligation accretion expense changed year-over-year?
Black Hills's gas utilities — asset retirement obligation accretion expense decreased by 3.3% year-over-year, from $750K to $725K.
What is the long-term trend for Black Hills's gas utilities — asset retirement obligation accretion expense?
Over 4 years (2021 to 2025), Black Hills's gas utilities — asset retirement obligation accretion expense has grown at a 13.7% compound annual growth rate (CAGR), from $1.73M to $2.9M.
What does gas utilities — asset retirement obligation accretion expense mean?
The periodic increase in the carrying amount of the asset retirement obligation liability due to the passage of time, reflecting the unwinding of the discount rate. This is a non-cash expense that recognizes the time value of money regarding future decommissioning costs.