Companies: 10,795·Total market cap: $144.5T
Black Hills Corporation

Black Hills Corporation

BKHNYSEUtilities● Active
$72.29
$-0.50(-0.68%)
Market Cap$5.5B
P/E Ratio—
52W High$78.69
52W Low$55.49
Cash on HandFinancialsRevenue

Black Hills Corporation (BKH) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

BKH · cash on hand · updated Dec 31, 2025

Core cash position

Cash & Short-Term Investments (CCE + ST Investments)
$182.8M▲ +1035.4% vs prior year
FY · as of Dec 31, 2025 · Reported in USD
Cash & Cash Equiv. (CCE)
$182.8M
cashAndCashEquivalents
Short-Term Investments
$0
shortTermInvestments
YoY Change vs Prior Year
+1035.4%
vs prior fiscal year
Latest Quarter
$31.4M
Q1 2026
Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash & ST Investments$182.8MCash on Hand
Total Debt$4.70BTotal Debt
Net Cash / Net Debt−$4.52BNet Debt Position
Cash vs Debt Ratio
Cash 4%Debt 96%

Black Hills Corporation carries a net debt position of $4.52B. Total debt ($4.70B) exceeds cash on hand ($182.8M). Black Hills Corporation cash vs debt ratio: 4% cash / 96% debt.

Net Cash = Cash & ST Investments − Total Debt$182.8M − $4.70B = −$4.52B

Cash on hand history

YoY Increase
YoY Decrease
Latest Year
BKH annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

DateCash & ST InvestmentsYoY Change
Dec 31, 2025Latest$182.8M+1035.4%
Dec 31, 2024$16.1M-81.4%
Dec 31, 2023$86.6M+304.7%
Dec 31, 2022$21.4M+139.9%
Dec 31, 2021$8.9M+40.4%
BKH cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Utilities Sector Cash Reserves Comparison

#CompanyCash & ST Inv.Cash/MCap
#1
GE Vernova Inc.
GE Vernova Inc.
GEV
$8.85B3.5%#2
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$2.81B1.6%#3
The Southern Company
The Southern Company
SO
$1.64B1.6%#4
Duke Energy Corporation
Duke Energy Corporation
DUK
$245.0M0.3%
#5
Black Hills Corporation
Black Hills CorporationYOU
BKH
$182.8M3.3%
Utilities sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Black Hills Corporation (BKH) cash on hand as of December 31, 2025 is $182.8M, comprising $182.8M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as Black Hills Corporation cash and short-term investments on the balance sheet (10-K filing). Also referred to as Black Hills Corporation cash reserves or cash position.

Black Hills Corporation annual cash on hand history shows increased +1035.4% in 2025: increased +1035.4% in 2025. Black Hills Corporation cash reserves in 2025 reflect the company's capital allocation strategy.

Black Hills Corporation carries total debt of $4.70B against cash of $182.8M, resulting in a net debt position of -$4.52B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.
Financial statementsFree cash flowNet incomeRevenueMarket capP/E ratioEarningsPrice history

Frequently asked questions

BKH cash on hand · 5 questions

As of December 31, 2025, Black Hills Corporation (BKH) has $182,800,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $182,800,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $31,400,000. Data sourced from the annual 10-K filing via FMP.

BKH cash on handBKH cash reservesBKH cash 2025how much cash does BKH have

▸ Source: FMP /balance-sheet-statement · US GAAP · Black Hills Corporation · Black Hills Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025