Black Hills (BKH) Capital Expenditures (2009 - 2026)
Black Hills (BKH) reported Capital Expenditures of $218.1 million for Q2 2026, down 0.4% from $218.9 million a year earlier and down 18.4% from the prior quarter.
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Analysis
Black Hills (BKH) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Black Hills' Capital Expenditures came in at $933.5 million, up 20.7% year-over-year; for FY2025, it came in at $819.8 million, up 10.2% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $744.2 million in FY2024 (+33.9%), $555.6 million in FY2023 (-8.1%), $604.4 million in FY2022 (-10.8%) and $677.5 million in FY2021 (-11.7%).
- Five-year quarterly Capital Expenditures spans a low of $119.1 million in Q1 2023 and a high of $269.6 million in Q4 2025.
- Year over year, Capital Expenditures gained in five of the last eight quarters, with growth averaging 23.9%.
- The high point for year-over-year Capital Expenditures in five years was Q1 2026 (growth of 74.9%); the low point was Q4 2022 (a decline of 23.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $267.4 million (Q1 2026), $269.6 million (Q4 2025) and $178.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 2.78 Bn |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 2.95 Bn |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 1.26 Bn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 1.08 Bn |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | -1.16 Bn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 1.04 Bn |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 860.00 Mn |
| 10 | Black Hills | 5.32 Bn | 5.02 Bn | - | 218.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 218.10 Mn |
| Mar 31, 2026 | 267.40 Mn |
| Dec 31, 2025 | 269.60 Mn |
| Sep 30, 2025 | 178.40 Mn |
| Jun 30, 2025 | 218.90 Mn |
| Mar 31, 2025 | 152.90 Mn |
| Dec 31, 2024 | 213.70 Mn |
| Sep 30, 2024 | 188.10 Mn |
| Jun 30, 2024 | 166.20 Mn |
| Mar 31, 2024 | 176.20 Mn |
| Dec 31, 2023 | 133.80 Mn |
| Sep 30, 2023 | 160.10 Mn |
| Jun 30, 2023 | 142.60 Mn |
| Mar 31, 2023 | 119.10 Mn |
| Dec 31, 2022 | 138.10 Mn |
| Sep 30, 2022 | 172.50 Mn |
| Jun 30, 2022 | 157.02 Mn |
| Mar 31, 2022 | 136.78 Mn |
| Dec 31, 2021 | 179.65 Mn |
| Sep 30, 2021 | 178.37 Mn |
API Access
Black Hills Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();