Black Hills (BKH) Tax Rate (2009 - 2026)

Black Hills has disclosed Tax Rate across 18 years of filings, most recently posting 11.68% for Q1 2026.

• In Q1 2026, Tax Rate fell 4.0% year-over-year to 11.68%; the TTM figure through Mar 2026 stood at 2.97% (down 850.0% YoY), while the FY2025 annual figure was 3.09%, down 826.0% from the prior year.
• Tax Rate improved to 11.68% in Q1 2026, from 12.63% in the prior quarter.
• Over the last five years, Tax Rate for BKH reached as high as 13.38% in Q3 2025 and fell as low as 29.76% in Q2 2023.
• The 5-year median for Tax Rate is 11.13% (2023), against an average of 6.62%.
• Annual changes were most pronounced in 2023 — Tax Rate sank 2777 bps — and 2024, when it surged 4278 bps.
• A 5-year view of Tax Rate shows it stood at 10.89% in 2022, then declined by 5 bps to 10.33% in 2023, then rose by 8 bps to 11.16% in 2024, then slumped by 213 bps to 12.63% in 2025, then surged by 192 bps to 11.68% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 11.68%, 12.63%, and 13.38% for Q1 2026, Q4 2025, and Q3 2025 respectively.