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Black Hills BKH Investing Cash Flow

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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:NetCashProvidedByUsedInInvestingActivities.

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)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Investing activities:
Property, plant and equipment additions(485.5)(371.8)
Other investing activities(6.6)(4.4)
Net cash (used in) investing activities(492.1)(376.2)
Financing activities:
Dividends paid on common stock(106.6)(97.6)
Common stock issued50.165.0
Net borrowings (payments) of Revolving Credit Facility and CP Program90.0(10.1)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's investing cash flow?
Black Hills (BKH) reported investing cash flow of -$222.1M in Q2 2026.
How has Black Hills's investing cash flow changed year-over-year?
Black Hills's investing cash flow decreased by 0.5% year-over-year, from -$221M to -$222.1M.
What is the long-term trend for Black Hills's investing cash flow?
Over 4 years (2021 to 2025), Black Hills's investing cash flow has grown at a 5.7% compound annual growth rate (CAGR), from -$664.2M to -$828.2M.
What does investing cash flow mean?
Total net cash provided by or used in investing activities — capex, acquisitions, investment purchases/sales, and other investing items.

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