Black Hills (BKH) Free Cash Flow (2009 - 2026)
Black Hills (BKH) posted quarterly Free Cash Flow of -$91.2 million for Q1 2026, down 164.68% year-over-year from $141.0 million in Q1 2025, and up 10.15% quarter-over-quarter from -$101.5 million in Q4 2025.
Black Hills (BKH) Free Cash Flow (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported Free Cash Flow for 18 consecutive years, with -$91.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 164.68% year-over-year to -$91.2 million; the TTM figure through Mar 2026 stood at -$378.6 million (down 164.78% YoY), while the FY2025 annual figure was -$146.4 million, down 122.91% from the prior year.
- Free Cash Flow improved to -$91.2 million in Q1 2026 per BKH's latest filing, from -$101.5 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $557.8 million in Q4 2023 and bottomed at -$471.2 million in Q4 2022.
- Historically, Free Cash Flow has averaged $74.9 million across 5 years, with a median of $137.0 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 803.5% — and 2024, when it jumped 1307.61%.
- Black Hills' Free Cash Flow stood at -$471.2 million in 2022, then surged by 218.38% to $557.8 million in 2023, then plunged by 75.44% to $137.0 million in 2024, then plunged by 174.09% to -$101.5 million in 2025, then gained by 10.15% to -$91.2 million in 2026.
- Business Quant data shows BKH's Free Cash Flow at -$91.2 million in Q1 2026, -$101.5 million in Q4 2025, and -$382.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.58 Bn | - | -399.43 Mn |
| 2 | Nisource | 20.21 Bn | 20.14 Bn | 867.50 Mn | -417.00 Mn |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | 16.00 Mn |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | -23.00 Mn |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | -30.34 Mn |
| 6 | ONE Gas | 5.17 Bn | 5.14 Bn | 272.01 Mn | 37.52 Mn |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | 14.87 Mn |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | -29.40 Mn |
| 9 | Centuri Holdings | 2.23 Bn | 2.18 Bn | 69.14 Mn | -7.89 Mn |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 126.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -23.00 Mn |
| Jun 30, 2026 | -23.00 Mn |
| Mar 31, 2026 | -91.20 Mn |
| Mar 31, 2026 | -91.20 Mn |
| Dec 31, 2025 | -101.50 Mn |
| Dec 31, 2025 | -101.50 Mn |
| Sep 30, 2025 | -382.80 Mn |
| Sep 30, 2025 | -382.80 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 | 137.00 Mn |
| Dec 31, 2024 | 137.00 Mn |
| Sep 30, 2024 | 111.10 Mn |
| Sep 30, 2024 | 111.10 Mn |
| Jun 30, 2024 | 195.30 Mn |
| Jun 30, 2024 | 195.30 Mn |
| Mar 31, 2024 | 195.70 Mn |
| Mar 31, 2024 | 195.70 Mn |