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Black Hills vs Xplr Infrastructure, LP: BKH and XIFR compared
Black Hills is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $332M for Xplr Infrastructure, LP (Q3 2026). Black Hills is growing faster (+8% against +5% a year earlier). Xplr Infrastructure, LP is more profitable, with an operating margin of 25.0% against 21.0%.
Where the money goes: BKH and XIFR
Black Hills (BKH) · Q3 2026
Black Hills, Q3 2026: revenue $466M (+8% year over year), operating margin 21.0%, net earnings $41.0M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
Xplr Infrastructure, LP (XIFR) · Q3 2026
Xplr Infrastructure, LP, Q3 2026: revenue $332M (+5% year over year), operating margin 25.0%, net earnings $51.0M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Black Hills (BKH) | Xplr Infrastructure, LP (XIFR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $466M | $332M |
| Revenue growth, Y/Y | +8% | +5% |
| Operating margin | 21.0% | 25.0% |
| Net earnings | $41.0M | $51.0M |
| Net margin | 8.8% | 15.4% |
| Operating cash flow | $171M | $179M |
| Market value | $6.5B | $894M |
| P/E | 19.9× | 6.0× |
| Analysts’ mean target | $87.07 | $10.86 |
Questions
Which is bigger, Black Hills or Xplr Infrastructure, LP?
Black Hills is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $332M for Xplr Infrastructure, LP (Q3 2026).
Is Black Hills or Xplr Infrastructure, LP growing faster?
Black Hills is growing faster (+8% against +5% a year earlier).
Which is more profitable, Black Hills or Xplr Infrastructure, LP?
Xplr Infrastructure, LP is more profitable, with an operating margin of 25.0% against 21.0%.
More: Black Hills earnings · how Black Hills makes money · Xplr Infrastructure, LP earnings · how Xplr Infrastructure, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.