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Black Hills BKH Derivative assets

Discontinued — last reported Q1 '25

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Segments

By segment

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Gas Utilities$800K-38.5%

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:DerivativeAssetsCurrent.

The source filing: Black Hills’s 10-Q, filed May 8, 2025.

Filed
May 8, 2025
Fiscal quarter
Q1 FY2025
Calendar quarter
Q1 2025
Accession
0000950170-25-066572
(unaudited)As of / March 31, 2025As of / December 31, 2024
Restricted cash and equivalents7.57.3
Accounts receivable, net377.9351.2
Materials, supplies and fuel128.1153.9
Derivative assets, current0.1-
Income tax receivable, net19.719.8
Regulatory assets, current129.3154.8
Other current assets38.939.2
Total current assets708.1742.3

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's derivative assets?
Black Hills (BKH) reported derivative assets of $100K in Q1 2025.
What is the long-term trend for Black Hills's derivative assets?
Over 4 years (2020 to 2024), Black Hills's derivative assets has grown at a -100.0% compound annual growth rate (CAGR), from $1.85M to $0.
What does derivative assets mean?
Fair value of derivative contracts (swaps, options, forwards, futures) in a net gain position — represents amounts owed to the firm by counterparties.

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