Black Hills (BKH) Tax Rate (2009 - 2026)
Black Hills (BKH) posted quarterly Tax Rate of 11.68% for Q1 2026, down 4.0% year-over-year from 12.17% in Q1 2025, and up 192.48% quarter-over-quarter from 12.63% in Q4 2025.
Black Hills (BKH) Tax Rate (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported Tax Rate for 18 consecutive years, with 11.68% the latest figure, recorded in 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 218.0% YoY), while the FY2025 annual figure was 3.09%, down 182.0% from the prior year.
- Tax Rate rose to 11.68% in Q1 2026 per BKH's latest filing, from 12.63% in the prior quarter.
- Across five years, Tax Rate topped out at 13.38% in Q3 2025 and bottomed at 29.76% in Q2 2023.
- Historically, Tax Rate has averaged 3.72% across 5 years, with a median of 10.87% in 2022.
- Annual changes were most pronounced in 2023 — Tax Rate plunged 3175 bps — and 2024, when it surged 4278 bps.
- Black Hills' Tax Rate stood at 10.87% in 2022, then plunged by 292 bps to 20.88% in 2023, then jumped by 67 bps to 6.94% in 2024, then plunged by 82 bps to 12.63% in 2025, then soared by 192 bps to 11.68% in 2026.
- Business Quant data shows BKH's Tax Rate at 11.68% in Q1 2026, 12.63% in Q4 2025, and 13.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.90 Bn | 28.37 Bn | - | 19.98% |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 21.66% |
| 3 | Ugi | 8.29 Bn | 7.81 Bn | 573.00 Mn | 17.39% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 29.25% |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | 11.40% |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 17.58% |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 14.81% |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 27.43% |
| 9 | Centuri Holdings | 2.23 Bn | 2.19 Bn | 69.14 Mn | 50.03% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | -55.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.40% |
| Jun 30, 2026 | 11.40% |
| Jun 30, 2026 | 11.40% |
| Mar 31, 2026 | 11.68% |
| Mar 31, 2026 | 11.68% |
| Mar 31, 2026 | 11.68% |
| Dec 31, 2025 | -12.63% |
| Dec 31, 2025 | -12.63% |
| Dec 31, 2025 | -12.63% |
| Sep 30, 2025 | 13.38% |
| Sep 30, 2025 | 13.38% |
| Sep 30, 2025 | 13.38% |
| Jun 30, 2025 | 13.25% |
| Jun 30, 2025 | 13.25% |
| Jun 30, 2025 | 13.25% |
| Mar 31, 2025 | 11.72% |
| Mar 31, 2025 | 11.72% |
| Mar 31, 2025 | 11.72% |
| Dec 31, 2024 | -6.94% |
| Dec 31, 2024 | -6.94% |