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Black Hills Corporation  (BKH)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $52.3900 $0.96 1.867%
Day's High: $52.48 Week Perf: -0.04 %
Day's Low: $ 51.19 30 Day Perf: -0.3 %
Volume (M): 346 52 Wk High: $ 66.85
Volume (M$): $ 18,111 52 Wk Avg: $56.61
Open: $51.19 52 Wk Low: $46.43



 Market Capitalization (Millions $) 3,531
 Shares Outstanding (Millions) 67
 Employees 992
 Revenues (TTM) (Millions $) 2,531
 Net Income (TTM) (Millions $) 269
 Cash Flow (TTM) (Millions $) 583
 Capital Exp. (TTM) (Millions $) 560

Black Hills Corporation
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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Product Service News

Black Hills Energy Boosts Green Portfolio with Acquisition of Renewable Natural Gas Facility in Iowa

Published Thu, Feb 1 2024 1:30 PM UTC

The non-regulated subsidiary of Black Hills Corp., Black Hills Energy Renewable Resources, has completed the purchase of a renewable natural gas (RNG) production facility located in Dubuque, Iowa. The transaction marks a major milestone in the company's ongoing commitment to bolstering its renewable resources portfolio while enhancing sustainability.As a leading energy servi...

Dividend

Black Hills Corp. Boosts Quarterly Dividend to Reward Shareholders

Published Fri, Jan 26 2024 9:15 PM UTC

Black Hills Corp. Increases Quarterly Dividend to $0.65 per Share, Rewarding Shareholders
RAPID CITY, S.D., Jan. 26, 2024 - Black Hills Corp. (NYSE: BKH), a leading energy company, delighted its shareholders today by announcing an increase in its quarterly dividend. The board of directors approved the new dividend amount of $0.65 per share, marking a $0.025 increase from...

Management Announcement

Black Hills Corp. Seeks Rate Review in Arkansas Amid Improved Financial Performance

Published Mon, Dec 4 2023 9:15 PM UTC

Black Hills Corp. Requests Rate Review in Arkansas Amid Improving Financial Performance
FAYETTEVILLE, Ark - Black Hills Corp. (NYSE: BKH), a renowned natural gas utility company, recently made headlines with its rate review application to the Arkansas Public Service Commission. The company's subsidiary, Black Hills Energy Arkansas, Inc., doing business as Black Hills E...

Black Hills Corporation

Black Hills Corporation Reports Impressive 24.07% Surge in Income during the July-September 2023 Financial Span

Black Hills Corporation is a company that operates in the Electric Utilities industry. It recently released its financial results for the third quarter of 2023, showing significant growth in its income per share and bottom-line.
During the July to September 30, 2023 financial span, Black Hills Corporation's income per share increased by 24.07% to $0.67 per share compared to $0.54 per share a year prior. Additionally, the income per share soared by 91.43% from $0.35 per share in the prior reporting period. These figures indicate strong profitability for the company.

Dividend

Unlocking Value: Analyzing the Impact of An Upcoming Third-Quarter Earnings Call and Webcast

Published Mon, Oct 23 2023 9:43 PM UTC



In the fast-paced world of corporate finance, investors and industry enthusiasts eagerly await the quarterly earnings calls and webcasts, which provide critical insights into a company's financial performance. Today, we bring you exciting news about an upcoming event that is sure to stir up tremendous interest in the financial community. On Thursday, November 2, 20...






 

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