BLACK HILLS CORP – Electric and Gas Utility Company

By Greg Peters • Thursday, July 31 15:43 • Permanent Link

BLACK HILLS CORP /SD/ has recently released its 10-Q report, detailing its operations as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 225,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming. The Gas Utilities segment distributes natural gas to approximately 1,128,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming.

In the 10-Q report, the company's management emphasizes its mission of "Improving Life with Energy" for more than 1.35 million customers and 800+ communities it serves. The company's strategy is centered on four priorities: People & Culture, Operational Excellence, Transformation, and Growth. BLACK HILLS CORP /SD/ conducts its business operations through two operating segments: Electric Utilities and Gas Utilities. The company considers itself a domestic electric and natural gas utility company and has been serving customers for 141 years, since the 1883 gold rush days in Deadwood, South Dakota.

The report also highlights recent developments, including the enactment of the One Big Beautiful Bill Act and the impact of trade tariffs on the company's operations. Additionally, the report details recent developments in the Electric Utilities and Gas Utilities segments, along with corporate and other activities.

In terms of financial performance, the 10-Q report provides a consolidated summary and overview of the company's results of operations for the three and six months ended June 30, 2025, compared to the same periods in 2024. It includes figures such as operating income, interest expense, net income, and earnings per share. The report also discusses the segment operating results for Electric Utilities and Gas Utilities, providing revenue, fuel and purchased power costs, and operating income figures for each segment.

Moreover, the report includes a discussion of non-GAAP financial measures, specifically Electric and Gas Utility margin, providing a reconciliation to the most directly comparable GAAP measure, Gross margin.

Following these announcements, the company's shares moved 0.88%, and are now trading at a price of $57.61. For more information, read the company's full 10-Q submission here.

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