Black Hills (BKH) EBITDA (2009 - 2026)
Black Hills' EBITDA was $172.3 million in Q2 2026, up 13.1% from $152.3 million a year earlier but down 37.7% from the prior quarter.
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Analysis
Black Hills (BKH) EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Black Hills' EBITDA was $843.9 million through Jun 30, 2026, up 5.1% year-over-year; for FY2025, it was $821.3 million, up 6.2% from FY2024.
- EBITDA has now increased for four consecutive years, with a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- In earlier years, EBITDA was $773.2 million in FY2024 (+6.0%), $729.5 million in FY2023 (+3.3%), $706.1 million in FY2022 (+9.4%) and $645.4 million in FY2021 (-1.1%).
- Quarterly EBITDA has moved between $128.2 million (Q2 2023) and $276.7 million (Q1 2026) over five years.
- Compared with a year earlier, EBITDA has increased for seven straight quarters, with growth averaging 5.5% over the last eight quarters.
- The best year-over-year quarter for EBITDA over five years was Q1 2022 (growth of 19.5%); the worst was Q3 2024 (a decline of 10.8%).
- Per Business Quant data, BKH's EBITDA in the three quarters before Q2 2026 was $276.7 million (Q1 2026), $244.7 million (Q4 2025) and $150.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 487.00 Mn |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 1.02 Bn |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 1.36 Bn |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 817.70 Mn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 883.00 Mn |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 973.06 Mn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 521.94 Mn |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 782.00 Mn |
| 10 | Black Hills | 5.32 Bn | 5.02 Bn | - | 172.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 172.30 Mn |
| Mar 31, 2026 | 276.70 Mn |
| Dec 31, 2025 | 244.70 Mn |
| Sep 30, 2025 | 150.20 Mn |
| Jun 30, 2025 | 152.30 Mn |
| Mar 31, 2025 | 274.20 Mn |
| Dec 31, 2024 | 231.60 Mn |
| Sep 30, 2024 | 145.10 Mn |
| Jun 30, 2024 | 137.20 Mn |
| Mar 31, 2024 | 259.20 Mn |
| Dec 31, 2023 | 202.10 Mn |
| Sep 30, 2023 | 162.70 Mn |
| Jun 30, 2023 | 128.20 Mn |
| Mar 31, 2023 | 236.50 Mn |
| Dec 31, 2022 | 192.27 Mn |
| Sep 30, 2022 | 143.50 Mn |
| Jun 30, 2022 | 136.52 Mn |
| Mar 31, 2022 | 233.82 Mn |
| Dec 31, 2021 | 175.08 Mn |
| Sep 30, 2021 | 149.03 Mn |
API Access
Black Hills EBITDA 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=ebitda&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();