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Black Hills BKH Gas Utilities — Taxes Excluding Income And Excise Taxes

Other segment segments

Electric Utilities
$9.2M-1.1%

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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:TaxesExcludingIncomeAndExciseTaxes.

The official record: Black Hills’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Hills's gas utilities — taxes excluding income and excise taxes?
Black Hills (BKH) reported gas utilities — taxes excluding income and excise taxes of $8.9M in Q1 2026.
How has Black Hills's gas utilities — taxes excluding income and excise taxes changed year-over-year?
Black Hills's gas utilities — taxes excluding income and excise taxes increased by 7.2% year-over-year, from $8.3M to $8.9M.
What is the long-term trend for Black Hills's gas utilities — taxes excluding income and excise taxes?
Over 4 years (2021 to 2025), Black Hills's gas utilities — taxes excluding income and excise taxes has grown at a 5.3% compound annual growth rate (CAGR), from $24.6M to $30.2M.
What does gas utilities — taxes excluding income and excise taxes mean?
This includes various non-income and non-excise taxes, such as property taxes, payroll taxes, and other state or local levies incurred by the gas utility segment. It provides insight into the tax burden associated with the physical assets and operational footprint of the business.