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Black Hills BKH Total Operating Expenses

Total Operating Expenses at other companies

MDU Resources Group logo
MDU Resources GroupMDU
$490.27M-12.8%
Spire logo
SpireSR
$396.8M+20.1%

Segments

By segment

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Gas Utilities$187.4M-0.1%
Electric Utilities$165.2M-3.3%

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:OperatingExpenses.

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
Operations and maintenance150.5147.6298.6301.3
Depreciation and amortization75.369.8150.1139.0
Taxes other than income taxes16.515.134.532.7
Total operating expenses355.8356.5934.5956.8
Operating income97.082.5299.0287.4
Other income (expense):
Interest expense incurred net of amounts capitalized(52.7)(49.8)(105.9)(101.6)
Interest income1.10.92.41.3

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Black Hills's total operating expenses?
Black Hills (BKH) reported total operating expenses of $355.8M in Q2 2026.
How has Black Hills's total operating expenses changed year-over-year?
Black Hills's total operating expenses decreased by 0.2% year-over-year, from $356.5M to $355.8M.
What is the long-term trend for Black Hills's total operating expenses?
Over 4 years (2021 to 2025), Black Hills's total operating expenses has grown at a 3.6% compound annual growth rate (CAGR), from $1.54B to $1.77B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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