Black Hills (BKH) EBT Margin (2009 - 2026)
Black Hills (BKH) posted quarterly EBT Margin of 19.3% for Q1 2026, up 12.0% year-over-year from 17.23% in Q1 2025, and down 2.56% quarter-over-quarter from 19.81% in Q4 2025.
Black Hills (BKH) EBT Margin (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported EBT Margin for 18 consecutive years, with 19.3% the latest figure, recorded in 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 retreated to 19.3% in Q1 2026 per BKH's latest filing, from 19.81% in the prior quarter.
- Across five years, EBT Margin topped out at 20.44% in Q1 2024 and bottomed at 4.98% in Q2 2023.
- Historically, EBT Margin has averaged 12.87% across 5 years, with a median of 13.8% in 2023.
- On a YoY basis, EBT Margin climbed as much as 610 bps in 2024 and fell as far as 651 bps in 2024.
- Black Hills' EBT Margin stood at 10.79% in 2022, then soared by 46 bps to 15.7% in 2023, then grew by 21 bps to 19.06% in 2024, then gained by 4 bps to 19.81% in 2025, then retreated by 3 bps to 19.3% in 2026.
- Business Quant data shows BKH's EBT Margin at 19.3% in Q1 2026, 19.81% in Q4 2025, and 6.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.58 Bn | - | 34.50% |
| 2 | Nisource | 20.21 Bn | 20.14 Bn | 867.50 Mn | 3.51% |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | -12.10% |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 10.07% |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | 3.28% |
| 6 | ONE Gas | 5.17 Bn | 5.14 Bn | 272.01 Mn | 13.80% |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | 6.03% |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | 17.34% |
| 9 | Centuri Holdings | 2.23 Bn | 2.18 Bn | 69.14 Mn | 1.28% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 15.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.07% |
| 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% |