Company research
BLACK HILLS CORP /SD/
CIK 1130464Updated Nov 11, 2026
SecurityBKH · NYSE · equity
Name history
BLACK HILLS HOLDING CORP · through Dec 26, 2000
BKH price & chart
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NYSE:BKH on TradingView ↗About the company
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.37 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.
In the news
Black Hills Corp. Schedules 2026 Second-Quarter Earnings Release and Conference Call ↗
NYSE Content Advisory: Pre-Market Update + TIME Showcases its 2025 Person of the Year at NYSE USA - English APAC - English News provided by New York Stock Exchange Dec 11, 2025, 08:55 ET Share this article Share to X Share this article Share to X NEW YORK , Dec. 11, 2025 /PRNewswire/ -- The New York ↗
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NWE, BKH, MURA, SCPH on Behalf of Shareholders News provided by Halper Sadeh LLP Aug 28, 2025, 11:23 ET Share this article Share to X Share this article Share to X NEW YORK , Aug. 28, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights l ↗
Recent filings
SCHEDULE 13G - filed by STATE STREET CORP regarding BLACK HILLS CORP /SD/
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Other Events
Items 8.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
11-K filing
424B5 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 10,329,000,000Source | 9,718,700,000Source | 11,038,100,000Source | 10,091,600,000Source | 10,185,900,000Source | 10,820,000,000Source | 10,061,200,000Source | 9,676,700,000Source | 10,869,800,000Source | 10,022,600,000Source | 9,620,400,000Source | 9,618,230,000Source |
| Property, Plant and Equipment, NetUSD | 8,027,700,000Source | 7,469,600,000Source | 8,639,600,000Source | 7,860,400,000Source | 7,355,500,000Source | 8,393,800,000Source | 7,722,000,000Source | 7,223,100,000Source | 8,234,200,000Source | 7,629,900,000Source | 7,119,300,000Source | 6,797,948,000Source |
| GoodwillUSD | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,454,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,700,000Source | 7,900,000Source | 5,600,000Source | 7,000,000Source | 8,100,000Source | 5,800,000Source | 7,300,000Source | 8,400,000Source | 6,400,000Source | 7,600,000Source | 8,400,000Source | 9,589,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 21,100,000Source | 12,500,000Source | 71,500,000Source | 8,100,000Source | 624,800,000Source | 23,600,000Source | 6,600,000Source | 123,000,000Source | 182,800,000Source | 16,100,000Source | 86,600,000Source | 21,430,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 251,400,000Source | 205,400,000Source | 282,100,000Source | 260,800,000Source | 221,500,000Source | 383,400,000Source | 377,900,000Source | 334,400,000Source | 389,000,000Source | 351,200,000Source | 350,300,000Source | 508,192,000Source |
| Inventory, NetUSD | 173,000,000Source | 155,400,000Source | 157,900,000Source | 145,200,000Source | 134,800,000Source | 146,800,000Source | 128,100,000Source | 130,600,000Source | 172,400,000Source | 153,900,000Source | 160,900,000Source | 207,421,000Source |
| Assets, CurrentUSD | 667,600,000Source | 599,500,000Source | 745,100,000Source | 608,400,000Source | 1,173,600,000Source | 788,200,000Source | 708,100,000Source | 797,600,000Source | 995,900,000Source | 742,300,000Source | 826,600,000Source | 1,071,708,000Source |
| Other Assets, NoncurrentUSD | 74,500,000Source | 66,100,000Source | 91,300,000Source | 68,500,000Source | 67,300,000Source | 81,000,000Source | 72,000,000Source | 64,300,000Source | 78,800,000Source | 70,400,000Source | 62,200,000Source | 46,862,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 75,500,000Source | 71,700,000Source | 76,300,000Source | 72,900,000Source | 69,700,000Source | 76,200,000Source | 72,500,000Source | 69,000,000Source | 75,500,000Source | 71,700,000Source | 68,300,000Source | 66,140,000Source |
| Additional Paid in CapitalUSD | 2,415,000,000Source | 2,193,900,000Source | 2,472,200,000Source | 2,260,700,000Source | 2,084,200,000Source | 2,459,400,000Source | 2,238,200,000Source | 2,040,200,000Source | 2,417,500,000Source | 2,193,400,000Source | 2,007,700,000Source | 1,882,653,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,289,000,000Source | 1,197,500,000Source | 1,405,500,000Source | 1,313,300,000Source | 1,219,600,000Source | 1,420,800,000Source | 1,334,800,000Source | 1,241,700,000Source | 1,342,900,000Source | 1,249,100,000Source | 1,158,200,000Source | 1,064,122,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -8,800,000Source | -10,600,000Source | -6,600,000Source | -8,000,000Source | -11,300,000Source | -7,500,000Source | -8,400,000Source | -12,300,000Source | -9,700,000Source | -9,400,000Source | -14,800,000Source | -15,567,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,768,000,000Source | 3,446,600,000Source | 3,943,400,000Source | 3,636,100,000Source | 3,357,300,000Source | 3,945,200,000Source | 3,635,100,000Source | 3,333,900,000Source | 3,823,600,000Source | 3,501,500,000Source | 3,215,300,000Source | 2,994,913,000Source |
| Liabilities and EquityUSD | 10,329,000,000Source | 9,718,700,000Source | 11,038,100,000Source | 10,091,600,000Source | 10,185,900,000Source | 10,820,000,000Source | 10,061,200,000Source | 9,676,700,000Source | 10,869,800,000Source | 10,022,600,000Source | 9,620,400,000Source | 9,618,230,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 734,600,000Source | 536,200,000Source | 1,425,200,000Source | 953,900,000Source | 1,106,800,000Source | 1,220,900,000Source | 928,900,000Source | 1,088,400,000Source | 740,000,000Source | 763,400,000Source | 1,185,100,000Source | 1,666,690,000Source |
| Accounts Payable, CurrentUSD | 219,100,000Source | 136,300,000Source | 275,200,000Source | 180,800,000Source | 155,200,000Source | 210,800,000Source | 216,800,000Source | 132,600,000Source | 311,700,000Source | 229,100,000Source | 186,400,000Source | 310,020,000Source |
| Deferred Income Tax Liabilities, NetUSD | 679,600,000Source | 603,300,000Source | 742,400,000Source | 674,000,000Source | 598,500,000Source | 736,600,000Source | 666,500,000Source | 576,100,000Source | 697,900,000Source | 625,100,000Source | 548,000,000Source | 508,941,000Source |
| Other Liabilities, NoncurrentUSD | 205,500,000Source | 204,500,000Source | 237,200,000Source | 191,900,000Source | 201,000,000Source | 231,700,000Source | 199,600,000Source | 199,300,000Source | 213,400,000Source | 201,200,000Source | 188,700,000Source | 156,062,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 292,400,000Source | 291,700,000Source | 269,200,000Source | 251,100,000Source | 259,600,000Source | 260,200,000Source | 253,200,000Source | 263,900,000Source | 322,600,000Source | 302,200,000Source | 293,300,000Source | 243,457,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 697,900,000Source | 625,100,000Source | 548,000,000Source | 508,941,000Source |
| Long-term Debt, Current MaturitiesUSD | — | 0Source | 410,000,000Source | 300,000,000Source | 600,000,000Source | 410,000,000Source | 300,000,000Source | 600,000,000Source | 0Source | 0Source | 600,000,000Source | 525,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,252,800,000Source | 4,248,800,000Source | 3,993,900,000Source | 3,952,400,000Source | 4,247,100,000Source | 3,992,500,000Source | 3,951,600,000Source | 3,802,800,000Source | 4,701,100,000Source | 4,250,200,000Source | 3,801,200,000Source | 3,607,340,000Source |
| Restricted Cash and Investments, CurrentUSD | 8,000,000Source | 7,100,000Source | 8,000,000Source | 7,700,000Source | 6,900,000Source | 7,800,000Source | 7,500,000Source | 6,700,000Source | 7,600,000Source | 7,300,000Source | 6,400,000Source | 5,555,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 25,900,000Source | 26,400,000Source | 40,400,000Source | 28,800,000Source | 133,100,000Source | 136,400,000Source | 299,800,000Source | 283,700,000Source | 276,000,000Source | 270,758,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 71,500,000Source | 69,300,000Source | 75,300,000Source | 69,800,000Source | 74,800,000Source | 69,200,000Source | 283,800,000Source | 270,100,000Source | 256,800,000Source | 250,909,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 3,200,000Source | 2,600,000Source | 11,800,000Source | 10,600,000Source | 7,000,000Source | 8,551,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -24,500,000Source | -25,300,000Source | 17,800,000Source | -13,200,000Source | -51,400,000Source | 75,403,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 31,800,000Source | 33,200,000Source | 54,300,000Source | 52,000,000Source | 25,400,000Source | 25,592,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 176,200,000Source | 227,800,000Source | 673,400,000Source | 719,300,000Source | 944,400,000Source | 584,801,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -270,000,000Source | -155,200,000Source | -828,200,000Source | -746,000,000Source | -536,700,000Source | -603,880,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 2,600,000Source | 2,300,000Source | 8,400,000Source | 1,800,000Source | -18,900,000Source | -485,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 267,400,000Source | 152,900,000Source | 819,800,000Source | 744,200,000Source | 555,600,000Source | 604,365,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -65,200,000Source | -81,900,000Source | 321,800,000Source | -42,900,000Source | -341,700,000Source | 32,254,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -2,500,000Source | -1,200,000Source | -5,900,000Source | -8,400,000Source | -13,000,000Source | 931,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 300,000,000Source | 0Source | 0Source | 600,000,000Source | 525,000,000Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 29,100,000Source | 19,600,000Source | 79,500,000Source | 15,800,000Source | 31,400,000Source | 14,100,000Source | 190,400,000Source | 23,400,000Source | 93,000,000Source | 26,985,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 51,100,000Source | 48,800,000Source | 196,400,000Source | 174,400,000Source | 157,300,000Source | 152,546,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | -14,800,000Source | -15,200,000Source | -8,800,000Source | -14,400,000Source | 1,000,000Source | -771,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 4,549,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 2,500,000Source | 2,400,000Source | 9,700,000Source | 10,700,000Source | 10,100,000Source | 9,843,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 1,200,000Source | 1,100,000Source | 1,200,000Source | 1,181,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 4,200,000Source | 4,100,000Source | 3,500,000Source | 3,369,000Source |
| GoodwillUSD | — | — | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,500,000Source | 1,299,454,000Source |
| Income Tax Expense (Benefit)USD | — | — | 4,000,000Source | 2,900,000Source | 5,200,000Source | 4,400,000Source | 17,600,000Source | 18,100,000Source | 43,700,000Source | 36,300,000Source | 25,600,000Source | 25,205,000Source |
| Investment Income, InterestUSD | — | — | 1,200,000Source | 5,400,000Source | 1,100,000Source | 900,000Source | 1,200,000Source | 400,000Source | 6,800,000Source | 13,500,000Source | 12,100,000Source | 1,595,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 24,900,000Source | 24,400,000Source | 38,200,000Source | 27,500,000Source | 131,000,000Source | 134,300,000Source | 291,600,000Source | 273,100,000Source | 262,200,000Source | 258,387,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 1,000,000Source | 2,000,000Source | 2,200,000Source | 1,300,000Source | 2,100,000Source | 2,100,000Source | 8,200,000Source | 10,600,000Source | 13,800,000Source | 12,371,000Source |
| Nonoperating Income (Expense)USD | — | — | -48,800,000Source | -46,500,000Source | -51,400,000Source | -49,300,000Source | -51,200,000Source | -50,500,000Source | -194,000,000Source | -183,100,000Source | -171,100,000Source | -159,281,000Source |
| Operating ExpensesUSD | — | — | 351,500,000Source | 325,800,000Source | 355,800,000Source | 356,500,000Source | 578,800,000Source | 600,200,000Source | 1,772,500,000Source | 1,624,600,000Source | 1,858,600,000Source | 2,096,572,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 600,000Source | -1,300,000Source | 200,000Source | -400,000Source | 700,000Source | 800,000Source | 6,100,000Source | -1,400,000Source | -3,200,000Source | 1,708,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 40,700,000Source | 45,600,000Source | 219,200,000Source | 181,400,000Source | 118,300,000Source | 90,044,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | — | — | 450,000,000Source | 450,000,000Source | 800,000,000Source | 0Source |
| Restricted Cash and Investments, CurrentUSD | — | — | 8,000,000Source | 7,100,000Source | 8,000,000Source | 7,700,000Source | 7,800,000Source | 7,500,000Source | 7,600,000Source | 7,300,000Source | 6,400,000Source | 5,555,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 427,400,000Source | 398,600,000Source | 440,600,000Source | 435,700,000Source | 762,000,000Source | 800,400,000Source | 2,286,200,000Source | 2,098,000,000Source | 2,301,700,000Source | 2,542,856,000Source |
| Operating Income (Loss)USD | — | — | 78,700,000Source | 75,800,000Source | 97,000,000Source | 82,500,000Source | 201,900,000Source | 205,000,000Source | 537,500,000Source | 503,100,000Source | 472,700,000Source | 455,244,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 600,000Source | -1,300,000Source | 200,000Source | -400,000Source | 700,000Source | 800,000Source | 6,100,000Source | -1,400,000Source | -3,200,000Source | 1,708,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 29,900,000Source | 29,300,000Source | 45,600,000Source | 33,200,000Source | 150,700,000Source | 154,500,000Source | 343,500,000Source | 320,000,000Source | 301,600,000Source | 295,963,000Source |
| Income Tax Expense (Benefit)USD | — | — | 4,000,000Source | 2,900,000Source | 5,200,000Source | 4,400,000Source | 17,600,000Source | 18,100,000Source | 43,700,000Source | 36,300,000Source | 25,600,000Source | 25,205,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 1,000,000Source | 2,000,000Source | 2,200,000Source | 1,300,000Source | 2,100,000Source | 2,100,000Source | 8,200,000Source | 10,600,000Source | 13,800,000Source | 12,371,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 24,900,000Source | 24,400,000Source | 38,200,000Source | 27,500,000Source | 131,000,000Source | 134,300,000Source | 291,600,000Source | 273,100,000Source | 262,200,000Source | 258,387,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.34Source | 0.35Source | 0.5Source | 0.38Source | 1.74Source | 1.87Source | 3.99Source | 3.91Source | 3.91Source | 3.98Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.34Source | 0.35Source | 0.5Source | 0.38Source | 1.73Source | 1.87Source | 3.98Source | 3.91Source | 3.91Source | 3.97Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 72,800,000Source | 70,500,000Source | 75,900,000Source | 72,400,000Source | 75,400,000Source | 71,600,000Source | 73,000,000Source | 69,800,000Source | 67,000,000Source | 64,858,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 72,900,000Source | 70,600,000Source | 76,100,000Source | 72,400,000Source | 75,600,000Source | 71,800,000Source | 73,200,000Source | 69,900,000Source | 67,100,000Source | 65,021,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 1,200,000Source | 1,100,000Source | 1,200,000Source | 1,181,000Source |
| Costs and ExpensesUSD | — | — | — | — | — | — | — | — | — | — | 552,000,000Source | 615,113,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 10,600,000Source | 15,700,000Source | 200,000Source | -387,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 71,500,000Source | 69,300,000Source | 75,300,000Source | 69,800,000Source | 74,800,000Source | 69,200,000Source | 283,800,000Source | 270,100,000Source | — | — |
| Interest ExpenseUSD | — | — | 49,400,000Source | 45,200,000Source | 51,600,000Source | 48,900,000Source | 51,900,000Source | 51,300,000Source | 200,100,000Source | 181,700,000Source | 167,900,000Source | 160,989,000Source |
| Investment Income, InterestUSD | — | — | 1,200,000Source | 5,400,000Source | 1,100,000Source | 900,000Source | 1,200,000Source | 400,000Source | 6,800,000Source | 13,500,000Source | 12,100,000Source | 1,595,000Source |
| Nonoperating Income (Expense)USD | — | — | -48,800,000Source | -46,500,000Source | -51,400,000Source | -49,300,000Source | -51,200,000Source | -50,500,000Source | -194,000,000Source | -183,100,000Source | -171,100,000Source | -159,281,000Source |
| Operating ExpensesUSD | — | — | 351,500,000Source | 325,800,000Source | 355,800,000Source | 356,500,000Source | 578,800,000Source | 600,200,000Source | 1,772,500,000Source | 1,624,600,000Source | 1,858,600,000Source | 2,096,572,000Source |
| Taxes, MiscellaneousUSD | — | — | 17,200,000Source | 16,400,000Source | 16,500,000Source | 15,100,000Source | 18,100,000Source | 17,600,000Source | 67,400,000Source | 67,200,000Source | 66,900,000Source | 66,683,000Source |
Offerings
Registration 333-296010
Registration 333-293105
Filing attachments
bkh-ex99_1.htm · 8-K · 2026-10-23
Subject to Receipt of Satisfactory Final Regulatory Approval and Completion of Proposed Merger, Black Hills Corp. to be Renamed Bright Horizon Energy Corporation with Ticker Symbol “HZN” • The Montana Public Service Commission is expected to consider the merger prior to November 12, 2026, and completion remains subject to satisfactory final regulatory approval by the Commission. • Trading under new company name and ticker symbol is only expected upon completion of the merger. RAPID CITY, SD a…
Read attachment ↗bkh-ex99_1.htm · 8-K · 2026-10-06
Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming • Investing $1.8 billion in new company-owned natural gas generation • Providing up to 590 megawatts (MW) of grid-connected energy service and managing 2.1 gigawatts (GW) of third-party contracted resources through a private microgrid • Strong customer protections including no cost shifting to other customers • Return on generation investment and microgrid management fees are contracte…
Read attachment ↗bkh-ex99_1.htm · 8-K · 2026-08-17
EX-99.1 2 bkh-ex99_1.htm NWE Q2 2026 10-Q EX-99.1 NORTHWESTERN ENERGY GROUP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 ──────────…
Read attachment ↗bkh-ex99_2.htm · 8-K · 2026-08-17
EX-99.2 3 bkh-ex99_2.htm PROFORMA STATEMENTS EX-99.2 UNAUDITED PRO FORMA CONDENSED COMBINED CONSOLIDATED FINANCIAL INFORMATION On August 18, 2025, Black Hills Corporation, a South Dakota corporation (“Black Hills” or the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with NorthWestern Energy Group, Inc., a Delaware corporation (“NorthWestern”) and River Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of Black Hills (“Merger Sub”…
Read attachment ↗bkh-ex99_1.htm · 8-K · 2026-05-15
EX-99.1 2 bkh-ex99_1.htm NWE Q1 2026 10-Q EX-99.1 NORTHWESTERN ENERGY GROUP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in thousands, except per share amounts) Three Months Ended March 31, 2026 …
Read attachment ↗bkh-ex99_2.htm · 8-K · 2026-05-15
EX-99.2 3 bkh-ex99_2.htm PROFORMA STATEMENTS EX-99.2 UNAUDITED PRO FORMA CONDENSED COMBINED CONSOLIDATED FINANCIAL INFORMATION On August 18, 2025, Black Hills Corporation, a South Dakota corporation (“Black Hills” or the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with NorthWestern Energy Group, Inc., a Delaware corporation (“NorthWestern”) and River Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of Black Hills (“Merger Sub”…
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