Welcome to our dedicated page for Black Hills SEC filings (Ticker: BKH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Black Hills Corporation (NYSE: BKH) SEC filings page on Stock Titan provides access to the company’s official regulatory documents as filed with the U.S. Securities and Exchange Commission. As a regulated electric and natural gas utility holding company, Black Hills uses current reports on Form 8-K, registration statements and other filings to disclose material events, capital markets transactions, merger agreements and quarterly and annual financial information.
Through recent Form 8-K filings, Black Hills has reported items such as quarterly earnings releases, the execution of an Agreement and Plan of Merger with NorthWestern Energy Group, Inc., and the terms of a registered public debt offering of senior unsecured notes due 2031. Other 8-Ks describe the completion of that debt offering, the related underwriting agreement and the filing of pro forma financial information and supplementary risk factors for the pending merger. These filings also confirm that Black Hills’ common stock is listed on the New York Stock Exchange under the symbol BKH.
On this page, users can review the text of Black Hills’ 8-Ks and other SEC documents and see how the company communicates about results of operations, material definitive agreements, creation of direct financial obligations and other significant events. Stock Titan enhances these filings with AI-powered summaries that explain the key points of each document in plain language, helping readers understand the implications of complex agreements, capital structure changes and merger-related disclosures.
In addition to current reports, investors may use this page to locate Black Hills’ periodic reports, such as annual reports on Form 10-K and quarterly reports on Form 10-Q, which provide segment information for the Electric Utilities and Gas Utilities businesses, as well as risk factors and management’s discussion and analysis. The platform also surfaces insider and governance-related filings, such as proxy materials referenced in merger communications. With real-time updates from EDGAR and AI-generated highlights, the filings page offers a focused way to follow how Black Hills documents its financial condition, regulatory commitments and strategic transactions over time.
Black Hills Corporation has called a special virtual shareholder meeting for 10:00 a.m. Mountain Time on April 2, 2026. Shareholders of record on January 28, 2026 can vote.
They will vote on issuing Black Hills common stock for a planned merger with NorthWestern Energy, tripling authorized shares from 100 million to 300 million, changing the company name, and increasing authorized indebtedness from $8 billion to $20 billion. Shareholders will also vote on an advisory proposal covering merger-related executive compensation and a possible adjournment of the meeting. Black Hills plans to file a Form S-4 registration statement and joint proxy statement/prospectus for the transaction.
Black Hills Corporation has filed an S-4 for an all-stock merger with NorthWestern Energy Group, creating a combined regulated utility to be renamed later. A Black Hills subsidiary will merge into NorthWestern, which will become a wholly owned subsidiary of Black Hills.
At closing, each share of NorthWestern common stock will be converted into the right to receive 0.98 share of Black Hills common stock. Both companies will hold virtual special shareholder meetings on April 2, 2026, where investors will vote on merger-related proposals, including Black Hills share authorization, name change and indebtedness limit increases, and NorthWestern’s merger approval.
The boards of both companies unanimously recommend voting in favor of their respective merger proposals. The deal is intended to qualify as a tax-free reorganization under Section 368(a) of the Internal Revenue Code and will be accounted for as an acquisition, with NorthWestern’s assets and liabilities recorded at fair value on Black Hills’ books.
Black Hills Corp. (BKH) disclosed an insider transaction on Form 4. The company’s SVP & CFO reported a sale of 14,500 shares of common stock at $70.70 on 11/10/2025 (transaction code S). Following the sale, the reporting person beneficially owned 34,620.509 shares directly and 4.459 shares indirectly through a 401(k). The filing indicates it was submitted by one reporting person.
Black Hills Corp (BKH) reported an insider equity award. The company’s Chief Legal Officer acquired 4,621 shares of common stock on 11/07/2025 through a restricted stock grant under the company’s Incentive Compensation Plan at a reported price of $0.
Following this grant, the officer beneficially owns 4,621 shares, held directly. This filing reflects an equity-based compensation award rather than an open‑market purchase or sale.
Black Hills Corporation reported Q3 2025 GAAP EPS of $0.34, including $0.10 of merger costs, and adjusted EPS of $0.45 versus $0.35 a year ago. Year-to-date GAAP EPS was $2.58 and adjusted EPS was $2.68 versus $2.52.
The company reaffirmed 2025 adjusted EPS guidance of $4.00 to $4.20 and targets delivering in the upper half of its 4%–6% long‑term EPS growth range starting in 2026. Management highlighted a $4.7 billion capital plan, with the 260‑mile, $350 million Ready Wyoming transmission project on track for year‑end service and new rider rates effective January 2026. The 99‑MW Lange II gas project is under construction for second‑half 2026, and a 50‑MW battery in Colorado received CPCN settlement approval.
Financing actions included $220 million of equity issued in 2025, $450 million of 4.55% notes (partly to repay a $300 million January 2026 maturity), and more than $600 million of revolver availability at quarter end. Data center demand is planned at 500 MW by 2029, expected to exceed 10% of total EPS in 2028, with a pipeline now over 3 GW and two additional Cheyenne sites announced to take energy as early as 2026. A Nebraska settlement provides $23.9 million in new annual revenue (ROE 9.85%, 50.5% equity), pending December approval with new rates January 1, 2026. The company submitted joint merger applications with NorthWestern Energy in Montana, Nebraska, and South Dakota and is working through the S‑4 process, aiming to close in the second half of next year.
Black Hills Corporation reported Q3 results with revenue of $430.2 million, up from $401.6 million, and net income available to common stock of $24.9 million versus $24.4 million a year ago. Operating income was $78.7 million. Diluted EPS was $0.34 compared with $0.35. For the first nine months, revenue reached $1.674 billion and EPS was $2.58.
Regulatory outcomes are adding recurring revenue: Colorado Electric’s final CPUC decision lifts new annual revenue to approximately $17.5 million effective March 22, 2025; Kansas Gas settled for $10.8 million effective August 1, 2025; Iowa Gas’ black‑box settlement provides $15.0 million effective January 1, 2025. Nebraska Gas reached a settlement expected to generate $23.9 million annually, subject to NPSC approval, with rates targeted for January 1, 2026. Operating cash flow was $505.3 million for the nine months, supporting $550.2 million of capital additions. Common shares outstanding were 75,473,390 as of November 4, 2025.
Black Hills Corporation furnished an 8-K announcing it issued a press release with financial results for the third quarter of 2025. The materials are provided under Item 2.02.
The company attached a press release as Exhibit 99.1 and an investor presentation as Exhibit 99.2. This information is furnished and not deemed “filed” under Section 18 of the Exchange Act.
Black Hills Corp (BKH) disclosed an initial beneficial ownership statement on Form 3 for its Chief Legal Officer.
The filing, effective 10/13/2025, reports 0 shares of common stock beneficially owned and indicates the form was filed by one reporting person. No derivative securities were reported.
Black Hills Corporation issued and sold $450 million of 4.550% Notes due 2031 on October 2, 2025. The company expects to use net proceeds, after offering costs, to repay, redeem or otherwise retire $300 million aggregate principal of its 3.950% notes due January 15, 2026, at or before maturity, with any remaining proceeds available for general corporate purposes including capital expenditures, acquisitions, investments and other debt repayment or refinancing. The Notes were issued under the company’s indenture as supplemented and are unsecured senior obligations that rank equally with existing and future unsecured unsubordinated indebtedness and senior to subordinated debt. Interest on the Notes is 4.550% per annum, payable semi-annually on January 31 and July 31, beginning January 31, 2026, and the stated maturity is January 31, 2031.
Black Hills Corporation announced an Underwriting Agreement to issue $450 million of 4.550% Notes due 2031, with aggregate gross proceeds of approximately $447.0 million after adjustments. The company and the underwriters have agreed to the sale, and issuance and settlement are scheduled for October 2, 2025, subject to customary closing conditions. The Underwriting Agreement is filed as Exhibit 1.1 and incorporated by reference into the company’s registration statement and prospectus materials.
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