Black Hills (BKH) EBT Margin (2009 - 2026)
Black Hills (BKH) recorded quarterly EBT Margin of 19.3% in Q1 2026, down 2.56% quarter-over-quarter from 19.81% in Q4 2025, and up 12.0% on a YoY basis from 17.23% in Q1 2025.
Black Hills (BKH) EBT Margin (2009 - 2026) Analysis & Trends
Black Hills' EBT Margin history runs 18 years deep, the most recent figure standing at 19.3% for Q1 2026.
- In Q1 2026, EBT Margin rose 12.0% year-over-year to 19.3%; the TTM figure through Mar 2026 stood at 14.86% (up 9.0% YoY), while the FY2025 annual figure was 14.87%, down 17.0% from the prior year.
- EBT Margin was 19.3% for Q1 2026 at Black Hills, down from 19.81% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 20.44% in Q1 2024 to a low of 4.98% in Q2 2023.
- Historically, EBT Margin has averaged 12.87% across 5 years, with a median of 13.8% in 2023.
- Biggest YoY gain for EBT Margin was 610 bps in 2024; the steepest drop was 651 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 10.79% in 2022, then jumped by 46 bps to 15.7% in 2023, then grew by 21 bps to 19.06% in 2024, then climbed by 4 bps to 19.81% in 2025, then decreased by 3 bps to 19.3% in 2026.
- The last three EBT Margin figures came in at 19.3% (Q1 2026), 19.81% (Q4 2025), and 6.95% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 37.38% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 27.65% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 24.58% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 30.06% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 19.30% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 18.65% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 14.13% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -2.39% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 32.37% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 13.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.30% |
| Dec 31, 2025 | 19.81% |
| Sep 30, 2025 | 6.95% |
| Jun 30, 2025 | 7.56% |
| Mar 31, 2025 | 19.19% |
| Dec 31, 2024 | 19.06% |
| Sep 30, 2024 | 7.30% |
| Jun 30, 2024 | 7.05% |
| Mar 31, 2024 | 20.44% |
| Dec 31, 2023 | 15.70% |
| Sep 30, 2023 | 13.80% |
| Jun 30, 2023 | 4.98% |
| Mar 31, 2023 | 14.34% |
| Dec 31, 2022 | 10.79% |
| Sep 30, 2022 | 8.63% |
| Jun 30, 2022 | 7.42% |
| Mar 31, 2022 | 16.45% |
| Dec 31, 2021 | 13.36% |
| Sep 30, 2021 | 14.03% |
| Jun 30, 2021 | 7.75% |