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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow673.40 M USD719.30 M USD944.40 M USD584.80 M USD-64.56 M USD541.86 M USD505.51 M USD488.81 M USD428.26 M USD320.46 M USD428.00 M USD323.46 M USD
Depreciation & Amortization283.80 M USD270.10 M USD256.80 M USD250.91 M USD235.95 M USD224.46 M USD209.12 M USD196.33 M USD188.25 M USD189.04 M USD155.37 M USD148.08 M USD
Stock-Based Compensation11.80 M USD10.60 M USD7.00 M USD8.55 M USD9.65 M USD5.37 M USD12.10 M USD12.39 M USD7.63 M USD10.88 M USD4.08 M USD9.33 M USD
Capital Expenditures819.80 M USD744.20 M USD555.60 M USD604.37 M USD677.49 M USD767.40 M USD818.38 M USD457.52 M USD326.01 M USD474.78 M USD455.48 M USD398.49 M USD
Cash Flow from Investing-828.20 M USD-746.00 M USD-536.70 M USD-603.88 M USD-664.23 M USD-761.66 M USD-816.21 M USD-465.85 M USD-317.66 M USD-1.59 B USD-476.39 M USD-401.15 M USD
Cash Flow from Financing321.80 M USD-42.90 M USD-341.70 M USD32.25 M USD731.87 M USD216.88 M USD300.21 M USD-17.06 M USD-108.69 M USD841.00 M USD483.70 M USD91.07 M USD
Dividends Paid197.90 M USD182.30 M USD168.10 M USD156.72 M USD145.02 M USD135.44 M USD124.65 M USD106.59 M USD96.74 M USD87.57 M USD72.60 M USD69.64 M USD
Stock Buybacks
Free Cash Flow-146.40 M USD-24.90 M USD388.80 M USD-19.56 M USD-742.06 M USD-225.54 M USD-312.86 M USD31.29 M USD102.25 M USD-154.32 M USD-27.48 M USD-75.04 M USD

Black Hills Corporation is a diversified energy company primarily serving customers in several Midwestern and Western states in the United States. Its main function is to provide essential utility services, including natural gas and electric utility operations. Black Hills Corporation plays a key role in energy distribution and infrastructure development, enhancing reliability and safety for millions of customers. Its electric utilities generate and transmit electricity through modern and sustainable practices, reflecting a commitment to reducing environmental impact. Meanwhile, its natural gas utilities support efficient and secure gas delivery systems. The organization also extends its influence into electric power generation and natural gas transmission pipelines, supporting broader industrial and residential energy needs. Through its subsidiaries, Black Hills Corporation contributes significantly to local and regional economic growth, offering consistent energy solutions across sectors. Headquartered in Rapid City, South Dakota, Black Hills Corporation is a prominent player in its field, known for emphasizing safety, operational excellence, and innovation in energy management.