Short answer
BLACK HILLS CORP /SD/ (BKH) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $762M (down 4.8% year over year) with net income of $131M.
Q1 2026 key financials · XBRL
- Revenue
- $762M
- −4.8% YoY
- Net income
- $131M
- −2.5% YoY
- Operating margin
- 26.5%
- EPS (diluted)
- $1.73
- −7.5% YoY
Source: XBRL data from the BLACK HILLS CORP /SD/ (BKH) Q1 2026 10-Q on SEC EDGAR. USD.
BLACK HILLS CORP /SD/ Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $784.7M, down $24.4M YoY from $809.1M, driven by lower Gas Utilities revenue
- Electric Utilities best performer: operating income $59.9M vs $54.3M; Gas Utilities weakest at $146.5M vs $151.5M
- Gas Utility margin $271.9M vs $279.8M; Electric Utility margin $174.8M vs $169.5M
- Cash $23.6M vs $182.8M; operating cash flow $176.2M vs $227.8M; capital expenditures $267.4M vs $152.9M
- Near-term headwinds: unfavorable weather, lower customer usage, merger costs; 2026 capital expenditures forecast at $906M
Risk Factors
- Mine-safety regulatory disclosures incorporated in Exhibit 95
- Equity withholding purchases totaled 32,953 shares at $72.16 average price
- No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements adopted, modified, or terminated
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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