Black Hills Corp (BKH) company profile
Close on Nov 13, 2026Market cap $6.61BP/E 20.8Yield 3.12%
About Black Hills
Electric Services, SIC 4911
Black Hills Corporation is an American energy company that provides regulated electric and natural gas utility services through two primary operating segments: Electric Utilities and Gas Utilities. The Electric Utilities unit generates, transmits, and distributes electricity from coal, natural gas, and wind resources, supported by integrated power generation and an adjacent coal mining operation. The Gas Utilities segment conducts intrastate transmission, storage, gathering, and distribution of natural gas. The company serves retail customer categories that include residential, commercial, industrial, and municipal clients, alongside offering non-regulated home service plans and selling surplus power to other utilities and marketers.
The company operates across seven states: Colorado, Montana, South Dakota, and Wyoming for electric services, and Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming for natural gas delivery. Its utility infrastructure encompasses 1,386 megawatts of generation capacity, 9,478 miles of electric lines, 4,581 miles of intrastate gas pipelines, and 44,840 miles of gas distribution mains. Corporate headquarters are located in Rapid City, South Dakota.
Summary of the business section of Black Hills's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Black Hills Corp
- Founded
- 1941
- Headquarters
- Rapid City, SD
- Address
- 7001 Mt Rushmore Rd, Po Box 1400 57709
- Phone
- (605) 721-2343
- Website
- ir.blackhillscorp.com
- Employees
- 257, Dec 31, 2025
- Industry
- Electric Services
- Incorporated in
- SD
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- BKH
- Exchange
- NYSE
- IPO date
- Apr 19, 2001
- Shares outstanding
- 76M, Aug 4, 2026
- Public float
- $4.06B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Mar 11, 1998; 3-for-2, Mar 3, 1992; 2-for-1, Mar 3, 1986; 2-for-1, Jun 1, 1983; 2-for-1, Feb 2, 1976
- SEC CIK
- 1130464
- CUSIP
- 092113109
- ISIN
- US0921131092
- FIGI
- BBG000BD9ZM7
- Share class FIGI
- BBG001S5P6X8
- LEI
- 3MGELCRSTNSAMJ962671
- EIN
- 46-0458824
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Linden R. Evans | President and CEO | 176,995 |
| Marne M. Jones | SVP - Utilities | 38,667 |
| Kimberly F. Nooney | SVP & CFO | 38,696 |
| Sarah Wiltse | SVP and CHRO | 7,532 |
| Darren T. Nakata | Chief Legal Officer | 7,495 |
| Donald Lee Redden JR | CITO | 6,910 |
| Keller D. Erik | Sr VP Chief Info Officer | 10,565 |
| Phillip A. Casey | SVP and CLO | 6,797 |
| Robert P. Otto | Director | 10,886 |
| Steven Richard Mills | Director | 29,622 |
| Kathleen S. McAllister | Director | 16,529 |
| Tony A. Jensen | Director | 18,118 |
| Robert F. Beard | Director | 4,237 |
| Barry M. Granger | Director | 11,716 |
| Teresa Taylor | Director | 13,646 |
| Scott M. Prochazka | Director | 11,716 |
| Anne G. Waleski | Director | 4,237 |
| Mark A. Schober | Director | 12,688 |
| Rebecca B. Roberts | Director | 8,266 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.99M | $8.35M | $1.78M | $138 | $144 |
| FY2024 | $5.79M | $5.23M | $1.17M | $111 | $129 |
| FY2023 | $5.64M | $1.95M | $1.19M | $98 | $108 |
| FY2022 | $4.49M | $4.51M | $1.21M | $123 | $118 |
| FY2021 | $4.44M | $5.15M | $1.32M | $119 | $117 |
| FY2020 | $4.22M | $3.06M | $1.57M | $81 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Linden R. Evans President and Chief Executive Officer | $995.59K | – | $2.97M | $1.29M | $734.59K | $5.99M | +4% |
| Kimberly F. Nooney Sr. Vice President and Chief Financial Officer | $487.36K | – | $2.03M | $403.24K | $275.50K | $3.19M | +92% |
| Marne M. Jones Sr. Vice President and Chief Utility Officer | $486.48K | – | $1.62M | $402.29K | $231.47K | $2.74M | +94% |
| Sarah A. Wiltse Sr. Vice President and Chief Human Resources Officer | $362.77K | – | $306.87K | $214.53K | $141.42K | $1.03M | +177% |
| Don Redden Sr. Vice President and Chief Information and Transformation Officer | $176.32K | $50.00K | $304.60K | $97.68K | $55.78K | $684.37K | – |
| Phillip Casey Former Sr. Vice President, General Counsel and Chief Compliance Officer | $119.10K | – | $676.88K | – | $465.78K | $1.26M | +709% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“At December 31, 2025, certain employees of our Electric Utilities and Gas Utilities were covered by the collective bargaining agreements as shown in the table below. We have not experienced any labor stoppages in decades. … Total Electric Utilities 257”
Corporate history
Events identified from SEC filings
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