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Black Hills BKH Gas Utilities — Property Plant And Equipment Gross

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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:PropertyPlantAndEquipmentGross.

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
Gas Utilities2025 / Property, Plant and Equipment2025 / Weighted Average Useful Life2024 / Property, Plant and Equipment2024 / Weighted Average Useful LifeLives / MinimumLives / Maximum
Cushion gas - not depreciable (a)51.4N/A52.1N/AN/AN/A
Storage83.64278.8423647
General587.222599.4222025
Total gas plant in service5,022.84,676.7
Construction work-in-progress50.543.5
Total gas plant5,073.34,720.2
Less accumulated depreciation(744.4)(656.3)
Gas plant net of accumulated depreciation$4,328.9$4,063.9

ITEM 8.

FAQ

What is Black Hills's gas utilities — property plant and equipment gross?
Black Hills (BKH) reported gas utilities — property plant and equipment gross of $5.07B in Q4 2025.
How has Black Hills's gas utilities — property plant and equipment gross changed year-over-year?
Black Hills's gas utilities — property plant and equipment gross increased by 7.5% year-over-year, from $4.72B to $5.07B.
What does gas utilities — property plant and equipment gross mean?
Represents the total historical cost of all tangible long-lived assets used in the gas utility segment operations, including pipelines, storage facilities, and distribution infrastructure. This metric reflects the scale of capital investment required to maintain and expand the utility's physical service network.

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