Free Cash Flow for Black Hills (BKH)
Free Cash Flow for Black Hills (BKH): headline value -$146.40M · YoY +488.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

BKH
Currently viewingFree Cash FlowSwitch metric
Latest period
-$146.40M
YoY change
+488.0%
5Y CAGR
N/A
Peak year (2023)
$388.80M
Latest annual
-$146.40M
Free Cash Flow history chart for Black Hills (BKH) from 1994 to 2025
Free Cash Flow history table for Black Hills (BKH) from 1994 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | -$146.40M | +488.0% | ||
| 2024 | -$24.90M | -106.4% | ||
| 2023 | $388.80M | -2083.7% | ||
| 2022 | -$19.60M | -97.4% | ||
| 2021 | -$742.06M | +229.0% | ||
| 2020 | -$225.54M | -27.9% | ||
| 2019 | -$312.86M | -1100.0% | ||
| 2018 | $31.29M | -69.4% | ||
| 2017 | $102.25M | -166.3% | ||
| 2016 | -$154.32M | +461.6% | ||
| 2015 | -$27.48M | -63.4% | ||
| 2014 | -$75.04M | +149.1% | ||
| 2013 | -$30.12M | -6.3% | ||
| 2012 | -$32.16M | -85.2% | ||
| 2011 | -$216.99M | -33.2% | ||
| 2010 | -$324.93M | +325.5% | ||
| 2009 | -$76.37M | -58.3% | ||
| 2008 | -$183.28M | +1872.5% | ||
| 2007 | -$9.29M | -80.9% | ||
| 2006 | -$48.76M | -234.6% | ||
| 2005 | $36.22M | -20.8% | ||
| 2004 | $45.71M | -43.0% | ||
| 2003 | $80.22M | -661.0% | ||
| 2002 | -$14.30M | -92.9% | ||
| 2001 | -$201.08M | +233.0% | ||
| 2000 | -$60.38M | +111.9% | ||
| 1999 | -$28.50M | -204.0% | ||
| 1998 | $27.40M | -1.1% | ||
| 1997 | $27.70M | -10.6% | ||
| 1996 | $31.00M | -1169.0% | ||
| 1995 | -$2.90M | -94.4% | ||
| 1994 | -$51.80M | — |
Free Cash Flow values are taken from Black Hills's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Black Hills (BKH) came in at -$146.40M – surged 488.0% year-over-year.
Black Hills free cash flow peaked at $388.80M in 2023; the latest annual figure is -$146.40M in 2025 (137.7% below peak).
$388.80M stands as the all-time-high annual free cash flow, posted in 2023, against a low of -$742.06M during 2021.
Black Hills (BKH) sits 5th of 8 Utilities peers we track on this metric, against a peer median of -$192.00M.
Black Hills Free Cash Flow by Year
Black Hills Free Cash Flow 2025: -$146.40M
Black Hills free cash flow in 2025 was -$146.40M, surged 488.0% from 2024.
Black Hills Free Cash Flow 2024: -$24.90M
Black Hills free cash flow in 2024 was -$24.90M, plunged 106.4% below 2023.
Black Hills Free Cash Flow 2023: $388.80M
Black Hills free cash flow in 2023 was $388.80M, plunged 2083.7% below 2022. This figure represents the highest annual value in the available history.
Black Hills Free Cash Flow 2022: -$19.60M
Black Hills free cash flow in 2022 was -$19.60M, plunged 97.4% below 2021.
Black Hills Free Cash Flow 2021: -$742.06M
Black Hills free cash flow in 2021 was -$742.06M.
See more financial history for Black Hills (BKH).
Sector peers — Free Cash Flow
Companies in the same sector as Black Hills, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| American Electric Power Company, Inc. (AEP) | $6.81B | Utilities |
| GE Vernova Inc. (GEV) | $3.71B | Utilities |
| NextEra Energy, Inc. (NEE) | $3.21B | Utilities |
| Constellation Energy Corporation (CEG) | $1.29B | Utilities |
| Duke Energy Corporation (DUK) | -$1.67B | Utilities |
| The Southern Company (SO) | -$3.59B | Utilities |
| Sempra (SRE) | -$6.05B | Utilities |
| Dominion Energy, Inc. (D) | -$7.28B | Utilities |
Frequently asked questions
What is Black Hills's free cash flow?
Latest reported free cash flow for Black Hills (BKH) is -$146.40M (period ending December 31, 2025).
How has Black Hills free cash flow changed year-over-year?
Black Hills (BKH) free cash flow changed +488.0% year-over-year on the latest annual filing.
When did Black Hills free cash flow hit its highest annual value?
Black Hills free cash flow reached its highest annual value of $388.80M in 2023.
What was Black Hills free cash flow in 2024?
Black Hills (BKH) free cash flow in 2024 was -$24.90M.
What was Black Hills free cash flow in 2025?
Black Hills (BKH) free cash flow in 2025 was -$146.40M.
Metrics overview
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