Black Hills (BKH) Asset Utilization Ratio (2010 - 2026)
Black Hills (BKH) posted quarterly Asset Utilization Ratio of 0.21 for Q1 2026, down 4.09% year-over-year from 0.22 in Q1 2025, and down 3.3% quarter-over-quarter from 0.22 in Q4 2025.
Black Hills (BKH) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
Black Hills (BKH) has reported Asset Utilization Ratio for 17 consecutive years, with 0.21 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 4.09% year-over-year to 0.21; the TTM figure through Mar 2026 stood at 0.21 (down 4.09% YoY), while the FY2025 annual figure was 0.22, up 2.08% from the prior year.
- Asset Utilization Ratio slipped to 0.21 in Q1 2026 per BKH's latest filing, from 0.22 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.28 in Q1 2023 and bottomed at 0.21 in Q1 2026.
- Historically, Asset Utilization Ratio has averaged 0.24 across 5 years, with a median of 0.22 in 2025.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio rose 24.71% — and 2024, when it decreased 21.85%.
- Black Hills' Asset Utilization Ratio stood at 0.27 in 2022, then dropped by 11.5% to 0.24 in 2023, then dropped by 9.6% to 0.22 in 2024, then advanced by 1.1% to 0.22 in 2025, then dropped by 3.3% to 0.21 in 2026.
- Business Quant data shows BKH's Asset Utilization Ratio at 0.21 in Q1 2026, 0.22 in Q4 2025, and 0.22 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.94 Bn | 28.41 Bn | - | 0.16 |
| 2 | Nisource | 20.10 Bn | 20.03 Bn | 867.50 Mn | 0.31 |
| 3 | Ugi | 8.16 Bn | 7.69 Bn | 573.00 Mn | 0.46 |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 0.21 |
| 5 | New Jersey Resources | 5.56 Bn | 5.52 Bn | 243.61 Mn | 0.28 |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 0.26 |
| 7 | Mdu Resources | 4.31 Bn | 4.26 Bn | - | 0.24 |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | 0.24 |
| 9 | Centuri Holdings | 2.22 Bn | 2.18 Bn | 69.14 Mn | 1.44 |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.43 Bn | 572.00 Mn | 0.15 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.21 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.22 |
| Sep 30, 2025 | 0.22 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.22 |
| Dec 31, 2024 | 0.22 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.21 |
| Mar 31, 2024 | 0.22 |
| Dec 31, 2023 | 0.24 |
| Sep 30, 2023 | 0.26 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.28 |
| Dec 31, 2022 | 0.27 |
| Sep 30, 2022 | 0.25 |
| Jun 30, 2022 | 0.25 |
| Mar 31, 2022 | 0.23 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.21 |