BKH 📈 Black Hills - Overview

Black Hills Corporation is a diversified utility company that operates through its subsidiaries, providing essential services to a wide range of customers across the United States. The company's operations are segmented into two primary areas: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to a customer base of approximately 222,000, spanning across Colorado, Montana, South Dakota, and Wyoming. This segment boasts a substantial generation capacity of 1,394 megawatts, complemented by an extensive network of 9,106 miles of electric transmission and distribution lines. This infrastructure enables the company to deliver reliable and efficient electricity services to its customers, supporting the economic and social development of the regions it serves.

The Gas Utilities segment, on the other hand, focuses on the distribution of natural gas to a significantly larger customer base of around 1,116,000, covering Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This segment's operations are supported by a comprehensive network of 4,663 miles of intrastate gas transmission pipelines, 42,514 miles of gas distribution mains and service lines, and seven natural gas storage sites. Additionally, the company has approximately 50,000 horsepower of compression and 516 miles of gathering lines, underscoring its commitment to ensuring a stable and efficient supply of natural gas to its customers. Beyond these core activities, the company also engages in the construction and maintenance of customer-owned gas infrastructure facilities for gas transportation customers, as well as offering appliance repair services to residential utility customers and electrical system construction services to large industrial customers.

Black Hills Corporation's energy production capabilities are further enhanced by its ownership of wind, natural gas, and coal-fired generating plants, which contribute to its overall electric power generation. The company also operates a coal mine near Gillette, Wyoming, providing it with a direct source of coal for its coal-fired generating plants. With a history dating back to 1941, Black Hills Corporation has established itself as a reliable and forward-thinking utility company, headquartered in Rapid City, South Dakota. Its commitment to delivering high-quality services, investing in its infrastructure, and exploring new energy production methods positions it well for continued growth and success in the utility sector.

From an investment perspective, Black Hills Corporation offers common stock (ISIN: US0921131092) that falls under the Multi-Utilities sub-industry category. Investors seeking exposure to the utility sector may find the company's diversified operations, extensive infrastructure, and long history of service provision appealing. The company's website, https://www.blackhillscorp.com, provides detailed information on its operations, financial performance, and strategic initiatives, offering valuable insights for those considering investment opportunities in the utility sector.