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| Date | Value |
|---|---|
| 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 |