BKH

Black Hills Corporation is a diversified energy company providing electric and natural gas utility services to customers in the western and midwestern United States. The company operates through Electric Utilities (generating and distributing electricity) and Gas Utilities (distributing natural gas) segments serving customers in South Dakota, Wyoming, Colorado, Montana, Kansas, Arkansas, Nebraska, and Iowa. Black Hills owns and operates generation facilities including coal, natural gas, wind, and solar power plants, along with transmission and distribution infrastructure. Founded in 1941 and headquartered in Rapid City, South Dakota, Black Hills serves residential, commercial, and industrial customers with essential energy services. The company benefits from regulated utility models providing stable cash flows and allowed returns on invested capital. Black Hills has invested in renewable energy, gas infrastructure, and grid modernization while working to comply with evolving environmental regulations. The company maintains consistent dividend growth attractive to income-oriented investors. Black Hills faces challenges from energy transition pressures, coal plant retirements, and regulatory uncertainties. The company continues to invest in clean energy, system reliability, and customer service.