Black Hills (BKH) EBT Margin (2009 - 2026)

Black Hills has disclosed EBT Margin across 18 years of filings, most recently posting 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 fell to 19.3% in Q1 2026, from 19.81% in the prior quarter.
• Over the last five years, EBT Margin for BKH reached as high as 20.44% in Q1 2024 and fell as low as 4.98% in Q2 2023.
• The 5-year median for EBT Margin is 13.8% (2023), against an average of 12.87%.
• The widest YoY moves for EBT Margin: up 610 bps in 2024, down 651 bps in 2024.
• A 5-year view of EBT Margin shows it stood at 10.79% in 2022, then surged by 46 bps to 15.7% in 2023, then advanced by 21 bps to 19.06% in 2024, then gained by 4 bps to 19.81% in 2025, then fell by 3 bps to 19.3% in 2026.
• According to Business Quant data, EBT Margin over the past three periods registered 19.3%, 19.81%, and 6.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.