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Black Hills BKH Gas Utilities — Total Costs & Expenses

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$165.2M-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$5.46B+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 gas utilities — total costs & expenses?
Black Hills (BKH) reported gas utilities — total costs & expenses of $187.4M in Q2 2026.
How has Black Hills's gas utilities — total costs & expenses changed year-over-year?
Black Hills's gas utilities — total costs & expenses decreased by 0.1% year-over-year, from $187.5M to $187.4M.
What is the long-term trend for Black Hills's gas utilities — total costs & expenses?
Over 2 years (2021 to 2023), Black Hills's gas utilities — total costs & expenses has grown at a 6.4% compound annual growth rate (CAGR), from $290.2M to $328.7M.
What does gas utilities — total costs & expenses mean?
This metric represents the total operating costs incurred by the gas utility segment to provide service to customers. It includes fuel costs, purchased power, maintenance, administrative allocations, and depreciation of utility infrastructure. Monitoring this helps evaluate the operational efficiency and cost-management capabilities of the gas distribution business.

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