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Black Hills BKH Pre-Tax Income

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
(unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest income1.10.92.41.3
Other income (expense), net0.2(0.4)0.80.6
Total other (expense)(51.4)(49.3)(102.7)(99.7)
Income before income taxes45.633.2196.3187.7
Income tax (expense)(5.2)(4.4)(22.8)(22.5)
Net income40.428.8173.5165.2
Net income attributable to non-controlling interest(2.2)(1.3)(4.3)(3.5)
Net income available for common stock$38.2$27.5$169.2$161.7

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's pre-tax income?
Black Hills (BKH) reported pre-tax income of $45.6M in Q2 2026.
How has Black Hills's pre-tax income changed year-over-year?
Black Hills's pre-tax income increased by 37.3% year-over-year, from $33.2M to $45.6M.
What is the long-term trend for Black Hills's pre-tax income?
Over 4 years (2021 to 2025), Black Hills's pre-tax income has grown at a 7.4% compound annual growth rate (CAGR), from $258.4M to $343.5M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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