Black Hills (BKH) Equity Ratio (2009 - 2026)

Black Hills' Equity Ratio history runs 18 years deep, the most recent figure standing at 0.37 for Q1 2026.

• In Q1 2026, Equity Ratio rose 0.74% year-over-year to 0.37; the TTM figure through Mar 2026 stood at 0.37 (up 0.74% YoY), while the FY2025 annual figure was 0.35, down 1.66% from the prior year.
• Equity Ratio was 0.37 for Q1 2026 at Black Hills, up from 0.35 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.37 in Q3 2025 to a low of 0.32 in Q3 2022.
• Historically, Equity Ratio has averaged 0.35 across 5 years, with a median of 0.34 in 2023.
• The sharpest annual moves came in 2024 and 2025: Equity Ratio increased 10.75% in 2024, then retreated 1.66% in 2025.
• A 5-year view of Equity Ratio shows it stood at 0.32 in 2022, then grew by 6.96% to 0.34 in 2023, then grew by 4.1% to 0.36 in 2024, then decreased by 1.66% to 0.35 in 2025, then climbed by 5.8% to 0.37 in 2026.
• The last three Equity Ratio figures came in at 0.37 (Q1 2026), 0.35 (Q4 2025), and 0.37 (Q3 2025), per Business Quant data.