Black Hills Corporation (BKH) Bundle
An Overview of Black Hills Corporation (BKH)
General Summary of Black Hills Corporation
Black Hills Corporation (BKH) is an energy company headquartered in Rapid City, South Dakota. Founded in 1941, the company operates in electric and natural gas utility services across multiple states.
| Headquarters Location | Rapid City, South Dakota |
| Total Electric Utility Service Territories | 4 states |
| Total Natural Gas Utility Service Territories | 3 states |
| Total Employees (2024) | 2,300 |
Financial Performance
Financial results for the latest reporting period:
| Total Revenue | $1.89 billion |
| Net Income | $251.4 million |
| Earnings Per Share | $4.62 |
| Electric Utility Revenue | $1.12 billion |
| Natural Gas Utility Revenue | $470.6 million |
Industry Leadership
- Serves approximately 1.3 million electric and natural gas utility customers
- Operates generation facilities with 1,279 MW of combined electric generating capacity
- Maintains over 61,000 miles of electric and natural gas distribution lines
Black Hills Corporation continues to demonstrate strong performance in the utility sector with diversified energy services across multiple states.
Mission Statement of Black Hills Corporation (BKH)
Mission Statement Overview
Black Hills Corporation (BKH) mission statement focuses on delivering reliable energy solutions and sustainable infrastructure services.
Core Mission Components
| Component | Specific Details |
|---|---|
| Energy Generation | Generates 1,348 megawatts of electric capacity across multiple states |
| Service Territory | Serves approximately 1.3 million electric and natural gas customers |
| Operational Regions | Active in 8 states: South Dakota, Wyoming, Colorado, Nebraska, Montana, Kansas, Arkansas, and Texas |
Strategic Energy Priorities
- Electric generation mix: 50% renewable and carbon-free energy sources
- Total utility infrastructure investments: $1.2 billion in 2023
- Annual electric generation capacity: 3.9 million MWh
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Total Revenue | $1.87 billion |
| Net Income | $285.6 million |
| Market Capitalization | $4.3 billion |
Operational Efficiency
Key Infrastructure Assets:
- Electric utility infrastructure spanning 4,300 miles of transmission lines
- Natural gas distribution network covering 5,200 miles
- Renewable energy portfolio: 665 MW of wind and solar capacity
Vision Statement of Black Hills Corporation (BKH)
Vision Statement of Black Hills Corporation (BKH) in 2024
Strategic Vision OverviewBlack Hills Corporation's vision statement focuses on sustainable energy leadership, technological innovation, and regional economic development across multiple states.
Key Vision Components
Energy Portfolio TransformationBlack Hills Corporation aims to achieve the following energy mix by 2024:
| Energy Source | Percentage | Generation Capacity |
|---|---|---|
| Renewable Energy | 47% | 1,287 MW |
| Natural Gas | 36% | 982 MW |
| Coal | 17% | 463 MW |
Current operational states include:
- South Dakota
- Wyoming
- Colorado
- Nebraska
- Arkansas
| Financial Metric | 2024 Target |
|---|---|
| Total Revenue | $1.68 billion |
| Net Income | $287 million |
| Capital Investments | $412 million |
Key technological priorities include:
- Smart grid infrastructure development
- Energy storage solutions
- Distributed energy resources integration
- Advanced metering technologies
Carbon reduction targets for 2024:
- Carbon emissions reduction: 35% from 2010 baseline
- Renewable energy investment: $276 million
- Energy efficiency programs: $54 million allocated
Core Values of Black Hills Corporation (BKH)
Core Values of Black Hills Corporation (BKH) in 2024
Safety First
Black Hills Corporation prioritizes safety across all operations.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Injury Rate | 0.89 per 200,000 work hours |
| Safety Training Hours | 42,567 employee training hours |
Environmental Stewardship
Commitment to sustainable energy practices.
- Renewable Energy Generation: 1,247 MW
- Carbon Emission Reduction: 32% since 2010
- Investment in Clean Energy: $287 million in 2024
Customer Service Excellence
Dedicated to superior customer experience.
| Customer Service Metric | 2024 Performance |
|---|---|
| Customer Satisfaction Rate | 94.6% |
| Average Response Time | 17 minutes |
Integrity and Ethics
Maintaining highest standards of corporate governance.
- Ethical Compliance Training: 100% employee participation
- Whistleblower Reports Investigated: 42 cases
- Corporate Governance Score: 9.2/10
Community Engagement
Supporting local communities through strategic investments.
| Community Investment Category | 2024 Contribution |
|---|---|
| Charitable Donations | $3.2 million |
| Employee Volunteer Hours | 12,456 hours |
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