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Black Hills Corporation (BKH)
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BKH Cash Flow Statement

Operating, investing, and financing cash flow analysis

BKH Quarterly Cash Flow Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
621.800M176.200M168.100M88.900M188.600M227.800M153.200M102.100M230.600M
288.300M131.000M104.900M24.900M27.500M134.300M98.100M24.400M22.800M
287.700M74.800M73.300M69.800M69.800M69.200M68.300M69.300M66.600M
9.200M0.003.800M2.300M3.100M2.600M2.400M2.800M3.000M
Change in Accounts Receivable
1.201B383.400M389.000M251.400M177.200M263.600M201.500M136.900M146.000M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
-31.200M-72.200M-28.200M-9.300M78.500M-20.700M-28.300M-3.900M124.200M
Cash from Investing
-934.300M-267.400M-269.600M-178.400M-218.900M-152.900M-213.700M-188.100M-166.200M
0.000.000.000.000.000.000.000.000.00
Cash from Financing
Debt Repayment
0.000.000.000.000.000.000.000.000.00
-202.400M-53.100M-51.100M-49.200M-49.000M-48.600M-46.500M-46.500M-44.900M
-312.500M-91.200M-101.500M-89.500M-30.300M74.900M-60.500M-86.000M64.400M
Net Change in Cash
17.300M-159.000M161.300M13.300M1.700M-9.300M3.800M-612.100M502.000M

BKH Annual Cash Flow Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
673.400M719.300M944.400M584.800M-64.565M541.863M505.513M488.811M
291.600M273.100M262.200M258.400M236.700M227.608M199.310M258.442M
283.800M270.100M256.800M250.900M236.000M224.457M209.120M196.328M
11.800M10.600M7.000M8.600M9.700M5.373M12.095M12.390M
Change in Accounts Receivable
220.900M201.500M196.300M264.600M178.914M146.899M144.747M269.153M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
20.300M106.300M382.800M33.400M-592.437M818K-16.815M8.561M
Cash from Investing
-819.800M-744.200M-555.600M-604.400M-677.492M-767.404M-818.376M-457.524M
0.000.000.000.000.000.000.000.00
Cash from Financing
Debt Repayment
0.000.000.000.000.000.000.000.00
-197.900M-182.300M-168.100M-156.700M-145.000M-135.439M-124.647M-106.591M
-146.400M-24.900M388.800M-19.600M-742.057M-225.541M-312.863M31.287M
Net Change in Cash
167.000M-69.600M66.000M13.200M3.071M-2.919M-10.487M5.905M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Black Hills Corporation

Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.

Rapid City, SD
2,841 employees
Utilities / Diversified Utilities
Sector
Utilities
Industry
Diversified Utilities
CEO
Linden R. Evans