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Black Hills Corporation
Black Hills Corporation is classed by the SEC under Electric Services (industry code 4911), based in Rapid City, SD. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $2.3 billion and a profit of $292 million (its filed statements).
Regulated utilityElectric ServicesRapid City, SDfilings since 20009 of 9 filed
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a regulated utility: prior from its industry code (SEC 4911, Electric Services); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 5.0 out of ten, 9 of 9 metrics filed: past 6.1 out of ten, present 4.8 out of ten, future 4.3 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 6.6 out of ten. No warning events in its filings since 2017. 66th percentile among 59 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 4.2 out of ten. +4.6% a year over 10 filed years; profitable in 10 of 10. 42nd percentile among 51 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 6.6 out of ten. Share count steady. 23% of cash flow returned. Insiders: 2 sales, 0 purchases. 66th percentile among 39 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 4.6 out of ten. ROE 8%: 8¢ of profit per shareholder dollar. Leverage 65%: owes 65¢ per asset dollar. 46th percentile among 53 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 3.9 out of ten. bottom 39% of 52 in its family; net margin 13%. 39th percentile among 52 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 6.8 out of ten. top 32% of 30 in its family for leadership; chief executive since 2019. 68th percentile among 30 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 2.9 out of ten. bottom 29% of 47 in its family for room to expand. 29th percentile among 47 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 3.7 out of ten. bottom 37% of 51 in its family for growth drivers. 37th percentile among 51 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 6.2 out of ten. top 38% of 49 in its family for expectations against reality. 62nd percentile among 49 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-11 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form 8-K, 2026-10-06. Filings on record since 2000. Read from EDGAR 2026-10-12.
Who runs it
Evans, Linden R (President and CEO); Nooney, Kimberly F (SVP & CFO); Nakata, Darren T. (Chief Legal Officer); Jones, Marne M (SVP - Utilities); Redden, Donald Lee Jr (CITO); Wiltse, Sarah (SVP and CHRO); Otto, Robert P (director); Beard, Robert F. (director); Granger, Barry M (director); Jensen, Tony A (director); and 5 more. 15 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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