Black Hills Quarterly Cash Flow Statement
NYSE: BKHUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Black Hills free cash flow
In the quarter ended Jun 30, 2026, Black Hills generated $195.1 million of operating cash flow and spent $218.1 million on capital expenditures. That left free cash flow of -$23.0 million, a free-cash-flow margin of -5.1% of revenue. Black Hills returned $53.5 million to shareholders through dividends.
Summary generated from market data by MetaCap's automated system. Methodology
Black Hills cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 40.40M | 133.10M | 108.70M | 25.90M | 28.80M | 136.40M | 101.10M | 26.40M | 24.70M | 131.60M | 83.30M | 48.80M |
| Net Income growth (YoY) | +40.28% | -2.42% | +7.52% | -1.89% | +16.60% | +3.65% | +21.37% | -45.90% | -7.14% | +12.10% | +9.47% | +28.98% |
| Depreciation & Amortization | 75.30M | 74.80M | 73.30M | 71.50M | 69.80M | 69.20M | 68.30M | 69.30M | 66.60M | 65.90M | 65.56M | 64.88M |
| Stock-Based Compensation | 3.20M | 3.20M | 3.80M | 2.30M | 3.10M | 2.60M | 2.40M | 2.80M | 3.00M | 2.40M | 2.40M | 300.00K |
| Change in Working Capital | -10.20M | 24.50M | 1.20M | -27.40M | -16.90M | 25.30M | 2.30M | -18.10M | -1.40M | 30.40M | 7.90M | -29.50M |
| Operating Cash Flow | 195.10M | 176.20M | 168.10M | 88.90M | 188.60M | 227.80M | 153.20M | 102.10M | 230.60M | 233.40M | 188.40M | 150.90M |
| Capital Expenditures | -218.10M | -267.40M | -269.60M | -178.40M | -218.90M | -152.90M | -213.70M | -188.10M | -166.20M | -176.20M | -133.80M | -160.10M |
| Investing Cash Flow | -222.10M | -270.00M | -271.80M | -180.20M | -221.00M | -155.20M | -214.00M | -191.30M | -163.80M | -176.90M | -132.90M | -158.40M |
| Dividends Paid | -53.50M | -53.10M | -51.10M | -49.20M | -49.00M | -48.60M | -46.50M | -46.50M | -44.90M | -44.40M | -42.70M | -42.30M |
| Debt Issued | — | — | 450.00M | 0 | — | — | 0 | 0 | 450.00M | 0 | 0 | 450.00M |
| Debt Repaid | 0 | -300.00M | 0 | 0 | 0 | 0 | 0 | — | — | — | -525.00M | — |
| Financing Cash Flow | 75.10M | -65.20M | 265.00M | 104.60M | 34.10M | -81.90M | 64.60M | -522.90M | 435.20M | -19.80M | -563.00M | 449.40M |
| Net Change in Cash | 48.10M | -159.00M | 161.30M | 13.30M | 1.70M | -9.30M | 3.80M | -612.10M | 502.00M | 36.70M | -507.50M | 441.90M |
| Free Cash Flow | -23.00M | -91.20M | -101.50M | -89.50M | -30.30M | 74.90M | -60.50M | -86.00M | 64.40M | 57.20M | 54.60M | -9.20M |
This table shows 12 quarterly periods of Black Hills's cash flow statement, from Q2 2026 back to Q3 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow BKH's reporting calendar. What is a cash flow statement?