Black Hills Corporation

Day range

$78.46 – $79.86

Open

$78.99

Prev close

$79.31

Volume

1.49M

Market cap

$6.05B

Shares out

76.25M

P/E

20.22

P/S

2.63

P/B

1.53

P/FCF

—

ROE

7.6%

ROA

2.7%

Debt/Equity

1.14

Div yield

3.42%

As of Oct 22, 2026

• Business developmentsOct 6, 2026

  On October 6, 2026, Black Hills Corporation announced the execution of definitive agreements to serve Google's data center project in Cheyenne, Wyoming.

• Deal agreementsAug 17, 2026

  Black Hills entered into an Agreement and Plan of Merger (the "Merger Agreement") on August 18, 2025 with NorthWestern and River Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of Black Hills. The Merger Agreement, which was unanimously approved on August 18, 2025 by both the board of directors of Black Hills and the board of directors of NorthWestern, provides for an all-stock business combination of Black Hills and NorthWestern upon the terms and subject to the conditions set forth therein.

• Deal agreementsMay 15, 2026

  Black Hills entered into an Agreement and Plan of Merger (the "Merger Agreement") on August 18, 2025 with NorthWestern and River Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of Black Hills. The Merger Agreement, which was unanimously approved on August 18, 2025 by both the board of directors of Black Hills and the board of directors of NorthWestern, provides for an all-stock business combination of Black Hills and NorthWestern upon the terms and subject to the conditions set forth therein.

• Shareholder meetingsMay 1, 2026

  The Company held its Annual Meeting of Shareholders on April 29, 2026, at which three proposals were submitted... Shareholders elected three (3) Class II directors to serve for a three-year term to expire at the Annual Meeting of Shareholders in 2029... Shareholders approved a proposal to ratify the appointment of Deloitte & Touche LLP to serve as our independent registered public accounting firm for the year 2026... Shareholders approved, on an advisory and non-binding basis, the compensation of the Company's named executive officers.

• Shareholder meetingsApr 2, 2026

  On April 2, 2026, Black Hills Corporation (the "Company") held a special meeting of shareholders (the "Special Meeting") to consider certain proposals related to the Agreement and Plan of Merger... At the Special Meeting, six proposals were submitted... A quorum of shares was present for the Special Meeting, and the final results for the votes regarding the proposals are set forth below.

• NWENorthWestern Energy Group, Inc. Common Stock+0.60%
• OGEOGE Energy Corp.-1.04%
• AVAAvista Corporation-0.13%
• PORPortland General Electric Company-0.78%
• LNTAlliant Energy Corporation Common Stock-0.91%
• CMSCMS Energy Corporation-1.02%
• AEEAmeren Corporation-0.83%
• EVRGEvergy, Inc.-0.61%

Days to cover

9.1

Short interest

11.15M

Avg volume

1.22M

As of Sep 30, 2026 · reported to FINRA twice monthly.

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