Black Hills Quarterly Balance Sheet
NYSE: BKHUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Black Hills financial position
As of Jun 30, 2026, Black Hills reported total assets of $11.04 billion, up 9.4% from a year earlier against total liabilities of $7.01 billion. Shareholders' equity stood at $3.94 billion, or 35.7% of assets. The company held $71.5 million in cash and equivalents against $4.49 billion of debt, a net debt position of $4.42 billion.
The current ratio (current assets divided by current liabilities) was 0.52, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.14.
Summary generated from market data by MetaCap's automated system. Methodology
Black Hills balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 71.50M | 23.60M | 182.80M | 21.10M | 8.10M | 6.60M | 16.10M | 12.50M | 624.80M | 123.00M | 86.60M | 594.29M |
| Receivables | 282.10M | 383.40M | 389.00M | 251.40M | 260.80M | 377.90M | 351.20M | 205.40M | 221.50M | 334.40M | 350.30M | 228.83M |
| Inventory | 157.90M | 146.80M | 172.40M | 173.00M | 145.20M | 128.10M | 153.90M | 155.40M | 134.80M | 130.60M | 160.90M | 168.08M |
| Total Current Assets | 745.10M | 788.20M | 995.90M | 667.60M | 608.40M | 708.10M | 742.30M | 599.50M | 1.17B | 797.60M | 826.60M | 1.24B |
| Property, Plant & Equipment | 8.64B | 8.39B | 8.23B | 8.03B | 7.86B | 7.72B | 7.63B | 7.47B | 7.36B | 7.22B | 7.12B | 7.01B |
| Goodwill | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B |
| Intangible Assets | 5.60M | 5.80M | 6.40M | 6.70M | 7.00M | 7.30M | 7.60M | 7.90M | 8.10M | 8.40M | 8.40M | 8.71M |
| Total Assets | 11.04B | 10.82B | 10.87B | 10.33B | 10.09B | 10.06B | 10.02B | 9.72B | 10.19B | 9.68B | 9.62B | 9.93B |
| Accounts Payable | 275.20M | 210.80M | 311.70M | 219.10M | 180.80M | 216.80M | 229.10M | 136.30M | 155.20M | 132.60M | 186.40M | 124.03M |
| Short-Term Debt | 500.00M | 662.20M | 0 | 126.00M | 423.70M | 359.90M | 133.80M | 17.50M | 600.00M | 600.00M | 600.00M | 1.13B |
| Total Current Liabilities | 1.43B | 1.22B | 740.00M | 734.60M | 953.90M | 928.90M | 763.40M | 536.20M | 1.11B | 1.09B | 1.19B | 1.60B |
| Long-Term Debt | 3.99B | 3.99B | 4.70B | 4.25B | 3.95B | 3.95B | 4.25B | 4.25B | 4.25B | 3.80B | 3.80B | 3.80B |
| Total Liabilities | 7.01B | 6.79B | 6.96B | 6.48B | 6.37B | 6.34B | 6.44B | 6.19B | 6.74B | 6.25B | 6.31B | 6.67B |
| Shareholders' Equity | 3.94B | 3.95B | 3.82B | 3.77B | 3.64B | 3.64B | 3.50B | 3.45B | 3.36B | 3.33B | 3.22B | 3.17B |
| Retained Earnings | 1.41B | 1.42B | 1.34B | 1.29B | 1.31B | 1.33B | 1.25B | 1.20B | 1.22B | 1.24B | 1.16B | 1.12B |
| Total Debt | 4.49B | 4.65B | 4.70B | 4.38B | 4.38B | 4.31B | 4.38B | 4.27B | 4.85B | 4.40B | 4.40B | 4.92B |
| Net Cash (Debt) | -4.42B | -4.63B | -4.52B | -4.36B | -4.37B | -4.30B | -4.37B | -4.25B | -4.22B | -4.28B | -4.31B | -4.33B |
| Shares Outstanding | — | — | 75.50M | — | — | — | 71.70M | — | — | — | 68.00M | — |
This table shows 12 quarterly periods of Black Hills's balance sheet, from Q2 2026 back to Q3 2023, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow BKH's reporting calendar. What is a balance sheet?