Black Hills (BKH) Intangibles (2009 - 2026)
Black Hills' Intangibles came in at $5.6 million for Q2 2026, down 20.0% from $7 million a year earlier and down 3.4% from the prior quarter.
Powered by 
Analysis
Black Hills (BKH) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Black Hills' Intangibles was $6.4 million, down 15.8% from FY2024.
- Intangibles has declined in each of the last seven years, with a five-year compound annual growth rate of -11.7% (FY2020 to FY2025).
- Going back by year, Intangibles was $7.6 million in FY2024 (-9.5%), $8.4 million in FY2023 (-12.5%), $9.6 million in FY2022 (-11.1%) and $10.8 million in FY2021 (-9.2%).
- The Q2 2026 figure represents the lowest quarterly Intangibles since Q4 2015.
- Year-over-year, Intangibles has declined for 27 consecutive quarters, with an average decline of 14.6% over the last eight quarters.
- Across the past five years, year-over-year decline in Intangibles ran from 9.2% in Q4 2021 to 20.5% in Q1 2026.
- Business Quant data shows BKH's Intangibles at $5.8 million (Q1 2026), $6.4 million (Q4 2025) and $6.7 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 77.93 Bn | 59.46 Bn | - | 5.23 Bn |
| 3 | Dominion Energy | 53.37 Bn | 56.05 Bn | - | - |
| 4 | Xcel Energy | 44.14 Bn | 39.04 Bn | - | - |
| 5 | Wec Energy | 33.42 Bn | 33.65 Bn | 1.51 Bn | - |
| 6 | Ameren | 27.75 Bn | 27.83 Bn | - | - |
| 7 | Fortis | 26.92 Bn | 27.40 Bn | 1.60 Bn | 1.29 Bn |
| 8 | Atmos Energy | 26.63 Bn | 25.40 Bn | 870.85 Mn | 68.03 Mn |
| 9 | American Water Works Company | 25.79 Bn | 25.20 Bn | - | - |
| 10 | Black Hills | 5.36 Bn | 5.06 Bn | - | 5.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.60 Mn |
| Mar 31, 2026 | 5.80 Mn |
| Dec 31, 2025 | 6.40 Mn |
| Sep 30, 2025 | 6.70 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 7.30 Mn |
| Dec 31, 2024 | 7.60 Mn |
| Sep 30, 2024 | 7.90 Mn |
| Jun 30, 2024 | 8.10 Mn |
| Mar 31, 2024 | 8.40 Mn |
| Dec 31, 2023 | 8.40 Mn |
| Sep 30, 2023 | 8.71 Mn |
| Jun 30, 2023 | 9.00 Mn |
| Mar 31, 2023 | 9.30 Mn |
| Dec 31, 2022 | 9.60 Mn |
| Sep 30, 2022 | 9.88 Mn |
| Jun 30, 2022 | 10.18 Mn |
| Mar 31, 2022 | 10.47 Mn |
| Dec 31, 2021 | 10.80 Mn |
| Sep 30, 2021 | 11.06 Mn |
API Access
Black Hills Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();