Black Hills (BKH) Free Cash Flow (2009 - 2026)

Black Hills (BKH) posted quarterly Free Cash Flow of $88.5 million for Q1 2026, down 37.23% YoY from $141.0 million in Q1 2025, and up 116.7% sequentially from -$530.0 million in Q4 2025.

Black Hills (BKH) Free Cash Flow (2009 - 2026) Analysis & Trends

Black Hills has disclosed Free Cash Flow across 18 years of filings, most recently posting $88.5 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 37.23% year-over-year to $88.5 million; the TTM figure through Mar 2026 stood at -$198.9 million (down 437.69% YoY), while the FY2025 annual figure was -$146.4 million, down 487.95% from the prior year.
  • Free Cash Flow rose to $88.5 million in Q1 2026, from -$530.0 million in the prior quarter.
  • Over the last five years, Free Cash Flow for BKH reached as high as $380.5 million in Q3 2024 and fell as low as -$530.0 million in Q4 2025.
  • The 5-year median for Free Cash Flow is $73.9 million (2022), against an average of $48.9 million.
  • The widest YoY moves for Free Cash Flow: up 511.58% in 2023, down 525.17% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $73.9 million in 2022, then sank by 525.17% to -$314.2 million in 2023, then sank by 67.73% to -$527.0 million in 2024, then retreated by 0.57% to -$530.0 million in 2025, then surged by 116.7% to $88.5 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $88.5 million, -$530.0 million, and $45.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - -280.10 Mn
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn -362.90 Mn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 494.00 Mn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 572.55 Mn
5 Black Hills 5.61 Bn 5.58 Bn - 88.50 Mn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 19.78 Mn
7 Mdu Resources 4.26 Bn 4.20 Bn - 113.71 Mn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn -23.90 Mn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn -55.27 Mn
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 11.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 88.50 Mn
Mar 31, 2026 88.50 Mn
Dec 31, 2025 -530.00 Mn
Dec 31, 2025 -530.00 Mn
Sep 30, 2025 45.70 Mn
Sep 30, 2025 45.70 Mn
Jun 30, 2025 196.90 Mn
Jun 30, 2025 196.90 Mn
Mar 31, 2025 141.00 Mn
Mar 31, 2025 141.00 Mn
Dec 31, 2024 -527.00 Mn
Dec 31, 2024 -527.00 Mn
Sep 30, 2024 380.50 Mn
Sep 30, 2024 380.50 Mn
Jun 30, 2024 64.40 Mn
Jun 30, 2024 64.40 Mn
Mar 31, 2024 57.20 Mn
Mar 31, 2024 57.20 Mn
Dec 31, 2023 -314.20 Mn
Dec 31, 2023 -314.20 Mn