| Market Capitalization (Millions $) |
5,488 |
| Shares
Outstanding (Millions) |
76 |
| Employees |
2,795 |
| Revenues (TTM) (Millions $) |
2,286 |
| Net Income (TTM) (Millions $) |
297 |
| Cash Flow (TTM) (Millions $) |
17 |
| Capital Exp. (TTM) (Millions $) |
934 |
Business Description
Black Hills Corporation (BHC) is a diversified energy company based in South Dakota, United States. BHC was founded in 1941 by the Black Hills Power and Light Company (BHPL), primarily to provide electric power to customers in the Black Hills region of South Dakota. Over the years, BHC expanded its operations to include the production and distribution of natural gas, oil, and coal.
Today, Black Hills Corporation is a publicly traded company on the New York Stock Exchange with over 2,000 employees, serving over2 million customers in eight states, including South Dakota, Wyoming, Colorado, Montana, Nebraska, Iowa, Kansas, and Arkansas. The company generates electricity through a mix of sources, including natural gas, coal, hydroelectric, and wind, while its natural gas operations include exploration, production, and transportation.
BHC operates two business segments: Utility and Non-utility. The Utility segment includes the company's power and gas distribution activities, while Non-utility activities are centered around the company's oil and gas production, reserves, and coal-mining activities. BHC's Non-utility segment also includes renewable-energy assets such as wind and hydro facilities.
BHC's operating divisions include Black Hills Power, Black Hills Energy, and Black Hills Exploration and Production, which provide electricity and gas to over 1 million customers, and oil and gas production in the Permian Basin of Texas and New Mexico. The company is also engaged in coal mining activities through the Wyodak Resources Development Corporation, which operates the Wyodak Mine in Wyoming.
In recent years, Black Hills Corporation has made significant investments in renewable energy, with over $1 billion invested in wind energy since 2004. In 2018, the company announced plans to build a wind farm in South Dakota capable of producing 400MW of energy, and in 2020, it announced plans to build an additional 200MW facility.
BHC has also received widespread recognition for its environmental and social initiatives, including being named one of the World's Most Ethical Companies by the Ethisphere Institute for the fifth consecutive year in 2021. Additionally, the company's commitment to sustainability is demonstrated by its goal to achieve an 85% reduction in greenhouse gas emissions by 2035 and net-zero emissions by 2050.
In conclusion, Black Hills Corporation is a diversified energy company operating across eight states with a mix of renewable and nonrenewable energy assets. The company is committed to sustainability and has made significant investments in renewable energy in recent years. Its strong commitment to environmental and social initiatives has earned it recognition as one of the world's most ethical companies.
Company Address: 7001 Mount Rushmore Road Rapid City 57702 SD
Company Phone Number: 721-1700 Stock Exchange / Ticker: NYSE BKH
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