Black Hills (BKH) Tax Rate (2009 - 2026)
Black Hills (BKH) recorded quarterly Tax Rate of 11.68% in Q1 2026, up 192.48% quarter-over-quarter from 12.63% in Q4 2025, and down 4.0% on a YoY basis from 12.17% in Q1 2025.
Black Hills (BKH) Tax Rate (2009 - 2026) Analysis & Trends
Black Hills' Tax Rate history runs 18 years deep, the most recent figure standing at 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 was 11.68% for Q1 2026 at Black Hills, up from 12.63% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 13.38% in Q3 2025 to a low of 29.76% in Q2 2023.
- Historically, Tax Rate has averaged 6.62% across 5 years, with a median of 11.13% in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 2777 bps in 2023, then soared 4278 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 10.89% in 2022, then retreated by 5 bps to 10.33% in 2023, then advanced by 8 bps to 11.16% in 2024, then slumped by 213 bps to 12.63% in 2025, then jumped by 192 bps to 11.68% in 2026.
- The last three Tax Rate figures came in at 11.68% (Q1 2026), 12.63% (Q4 2025), and 13.38% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 20.68% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 13.36% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 21.21% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 23.44% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 11.68% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 17.06% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 5.46% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 45.04% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 26.52% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | -70.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.68% |
| Mar 31, 2026 | 11.68% |
| Dec 31, 2025 | -12.63% |
| Dec 31, 2025 | -12.63% |
| Sep 30, 2025 | 13.38% |
| Sep 30, 2025 | 13.38% |
| Jun 30, 2025 | 13.25% |
| Jun 30, 2025 | 13.25% |
| Mar 31, 2025 | 11.72% |
| Mar 31, 2025 | 11.72% |
| Dec 31, 2024 | 11.16% |
| Dec 31, 2024 | 11.16% |
| Sep 30, 2024 | 9.90% |
| Sep 30, 2024 | 9.90% |
| Jun 30, 2024 | 13.03% |
| Jun 30, 2024 | 13.03% |
| Mar 31, 2024 | 11.38% |
| Mar 31, 2024 | 11.38% |
| Dec 31, 2023 | 10.33% |
| Dec 31, 2023 | 10.33% |