Black Hills (BKH) Change in Receivables (2010 - 2026)

Black Hills (BKH) recorded quarterly Change in Receivables of -$20.5 million in Q1 2026, down 115.1% quarter-over-quarter from $135.8 million in Q4 2025, and down 148.12% on a YoY basis from $42.6 million in Q1 2025.

Black Hills (BKH) Change in Receivables (2010 - 2026) Analysis & Trends

Black Hills' Change in Receivables history runs 17 years deep, the most recent figure standing at -$20.5 million for Q1 2026.

  • In Q1 2026, Change in Receivables fell 148.12% year-over-year to -$20.5 million; the TTM figure through Mar 2026 stood at -$18.1 million (down 131.75% YoY), while the FY2025 annual figure was $45.0 million, up 75.1% from the prior year.
  • Change in Receivables was -$20.5 million for Q1 2026 at Black Hills, down from $135.8 million in the prior quarter.
  • In the past five years, Change in Receivables ranged from a high of $248.8 million in Q4 2022 to a low of -$238.1 million in Q2 2023.
  • Historically, Change in Receivables has averaged $1.8 million across 5 years, with a median of -$6.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Change in Receivables soared 514.2% in 2022, then tumbled 316.71% in 2023.
  • A 5-year view of Change in Receivables shows it stood at $248.8 million in 2022, then slumped by 60.49% to $98.3 million in 2023, then jumped by 52.19% to $149.6 million in 2024, then fell by 9.22% to $135.8 million in 2025, then tumbled by 115.1% to -$20.5 million in 2026.
  • The last three Change in Receivables figures came in at -$20.5 million (Q1 2026), $135.8 million (Q4 2025), and -$6.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - -
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn -
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 99.00 Mn
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn -41.66 Mn
5 Black Hills 5.49 Bn 5.46 Bn - -20.50 Mn
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn -53.58 Mn
7 Mdu Resources 4.39 Bn 4.33 Bn - -33.04 Mn
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn -
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 11.30 Mn
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -20.50 Mn
Mar 31, 2026 -20.50 Mn
Dec 31, 2025 135.80 Mn
Dec 31, 2025 135.80 Mn
Sep 30, 2025 -6.00 Mn
Sep 30, 2025 -6.00 Mn
Jun 30, 2025 -127.40 Mn
Jun 30, 2025 -127.40 Mn
Mar 31, 2025 42.60 Mn
Mar 31, 2025 42.60 Mn
Dec 31, 2024 149.60 Mn
Dec 31, 2024 149.60 Mn
Sep 30, 2024 -6.80 Mn
Sep 30, 2024 -6.80 Mn
Jun 30, 2024 -128.40 Mn
Jun 30, 2024 -128.40 Mn
Mar 31, 2024 11.30 Mn
Mar 31, 2024 11.30 Mn
Dec 31, 2023 98.30 Mn
Dec 31, 2023 98.30 Mn