Mission Statement, Vision, & Core Values of Black Hills Corporation (BKH)

What drives a company like Black Hills Corporation (BKH), especially when it's been powering communities for over 140 years? How do they balance growth with a commitment to their customers and the environment? With a solid 2024 performance showing earnings per share of $3.91 and a 4% increase in their quarterly dividend, it's clear they're doing something right. But what exactly is the secret sauce?

Dive in to explore the mission statement, vision, and core values that guide this multi-billion-dollar electric and natural gas utility. Discover how these principles have shaped their strategic acquisitions and commitment to delivering safe, reliable, and cost-effective energy. Are you ready to understand the values that underpin Black Hills Corporation's success and its promise to improve life with energy?

Black Hills Corporation (BKH) An Overview of

Black Hills Corporation (BKH) is an energy company that delivers electricity and natural gas to customers in the United States. As of April 2025, the company has a long history of providing essential services and has expanded its operations to serve diverse communities. The company focuses on:

• Generating electricity
• Transmitting and distributing electricity
• Exploring for and producing natural gas

Black Hills Corp provides services in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Black Hills serves 1.3 million electric and natural gas customers.

In the latest financial reports, Black Hills Corporation has demonstrated strong financial performance. The company's revenue streams are primarily driven by regulated electricity and natural gas services, ensuring a stable income. For example, in 2024, Black Hills Corp reported earnings per share (EPS) of $3.87. The business is split roughly 50/50 between gas and electric utilities.

Black Hills Corporation stands out as a leader in the energy sector due to its strategic focus on sustainable growth and operational excellence. Discover more about Black Hills Corporation, including its history, mission, and ownership, here: Black Hills Corporation (BKH): History, Ownership, Mission, How It Works & Makes Money.

Black Hills Corporation (BKH) Mission Statement

The mission statement of Black Hills Corporation is 'Improving life with energy.' This concise statement encapsulates the company's overarching goal and commitment to the communities it serves. The mission is reflected in every facet of the company’s operations, from providing reliable energy services to engaging in sustainable practices. The mission statement serves as a guiding principle for the company's strategies and decisions, ensuring alignment with its core purpose. For more insights, you can explore Black Hills Corporation (BKH): History, Ownership, Mission, How It Works & Makes Money.

Here's an analysis of the core components of Black Hills Corporation's mission statement:

• Improving: This word indicates Black Hills Corporation's commitment to making things better. It reflects a proactive approach to enhancing the quality of life for its customers and the communities it serves. This includes not only providing essential energy services but also seeking ways to innovate and contribute positively to society.
• Life: This element broadens the scope of the mission beyond just energy provision. It emphasizes the human aspect, highlighting that the company's work directly impacts people's lives. By focusing on 'life,' Black Hills Corporation acknowledges its role in supporting the well-being and prosperity of the communities it operates in.
• With Energy: This part specifies the means through which Black Hills Corporation achieves its mission. 'Energy' refers to the company's core business of providing electricity and natural gas. It also implies the dedication and effort the company invests in delivering these services efficiently and sustainably.

Black Hills Corporation's commitment to its mission is evident in its various initiatives and operational practices. For example, the company's focus on renewable energy sources demonstrates its dedication to improving life by providing cleaner, more sustainable energy options. In 2024, Black Hills Corporation continued to invest in renewable energy projects, aiming to reduce its carbon footprint and contribute to a more sustainable future.

The company's annual reports and sustainability reports provide detailed insights into its environmental, social, and governance (ESG) efforts. In the 2024 fiscal year, Black Hills Corporation allocated significant resources to community development programs, supporting education, environmental stewardship, and economic growth in the regions it serves. These actions underscore the company's mission to improve life beyond just providing energy.

Black Hills Corporation also emphasizes innovation to enhance its services and operations. The company has been actively involved in modernizing its infrastructure and adopting new technologies to improve efficiency and reliability. These efforts not only ensure a stable energy supply but also contribute to a better quality of life for its customers. The company’s strategic investments in technology aim to create long-term value and support sustainable growth, aligning with its mission of improving life with energy.

Black Hills Corporation (BKH) Vision Statement

Black Hills Corporation's vision is to be the energy partner of choice, creating value for customers and communities.

Energy Partner of Choice

Being the energy partner of choice reflects a commitment to providing reliable and affordable energy solutions. In 2024, Black Hills Corporation continued to invest in infrastructure and technology to enhance service delivery. For example, capital expenditures for 2024 totaled $648.1 million, focusing on electric and gas utility infrastructure improvements.

• These investments aim to improve reliability and meet the growing energy needs of their service territories.
• The company's focus on operational excellence is evident in its performance metrics, which include maintaining system reliability and managing costs effectively.

The company's dedication to customer satisfaction is demonstrated through various initiatives, including enhanced customer service programs and community engagement efforts. In 2024, Black Hills Corporation reported earnings of $2.99 per diluted share, showcasing its financial stability and ability to deliver value to shareholders. Breaking Down Black Hills Corporation (BKH) Financial Health: Key Insights for Investors

Creating Value for Customers

Creating value for customers involves more than just providing energy; it means offering innovative solutions and services that meet their evolving needs. Black Hills Corporation is focused on expanding its renewable energy portfolio to provide cleaner energy options for its customers. As of the end of 2024, the company had approximately 64 MW of renewable energy capacity in operation.

• This includes wind and solar energy projects that contribute to a more sustainable energy mix.
• The company is also exploring opportunities to integrate new technologies, such as battery storage, to enhance grid reliability and support the growth of renewable energy.

Black Hills Corporation is committed to energy efficiency programs that help customers reduce their energy consumption and lower their bills. In 2024, the company invested $7.4 million in energy efficiency programs, resulting in significant energy savings for participating customers.

Creating Value for Communities

Creating value for communities involves being a responsible corporate citizen and actively supporting the social and economic well-being of the areas they serve. Black Hills Corporation contributes to local communities through charitable giving, volunteerism, and economic development initiatives. In 2024, the company and its employees donated over $2.8 million to various charitable organizations.

• These contributions support a wide range of causes, including education, health and human services, and environmental stewardship.
• Black Hills Corporation also partners with local organizations to promote economic growth and create job opportunities.

The company's commitment to environmental stewardship is reflected in its efforts to reduce emissions and protect natural resources. In 2024, Black Hills Corporation reduced its greenhouse gas emissions by 28% compared to 2005 levels, demonstrating its progress toward its long-term sustainability goals.

Black Hills Corporation (BKH) Core Values of

Black Hills Corporation (BKH) is dedicated to providing safe, reliable, and affordable energy solutions. The company's operations are guided by a set of core values that reflect its commitment to its customers, employees, and the communities it serves. You can explore more about the company's background on: Black Hills Corporation (BKH): History, Ownership, Mission, How It Works & Makes Money

Safety

Safety is a paramount value for Black Hills Corporation. The company is committed to maintaining a safe working environment for its employees and ensuring the safety of the communities it serves. Black Hills Corporation integrates safety into every aspect of its operations, from employee training programs to infrastructure maintenance. For instance, the company invested $29 million in pipeline safety and integrity in 2024.

• Comprehensive safety training programs for employees.
• Regular inspections and maintenance of infrastructure.
• Implementation of advanced technologies to monitor and detect potential safety hazards.

These efforts ensure that the company adheres to the highest safety standards, protecting both its workforce and the public.

Integrity

Integrity is fundamental to how Black Hills Corporation conducts its business. The company emphasizes honesty, ethical behavior, and transparency in all its interactions with customers, employees, shareholders, and regulators. Black Hills Corporation's commitment to integrity is reflected in its code of conduct, which outlines the ethical standards expected of all employees. In 2024, the company had zero incidents of material non-compliance with environmental regulations, underscoring its dedication to ethical operations.

• Strict adherence to a code of conduct that promotes ethical behavior.
• Transparent communication with stakeholders.
• Accountability for actions and decisions.

This unwavering commitment to integrity fosters trust and confidence among all stakeholders.

Customer Service

Black Hills Corporation places a high value on providing exceptional customer service. The company strives to meet the needs of its customers by delivering reliable energy services and responsive support. Black Hills Corporation continuously seeks feedback from its customers to improve its services and enhance customer satisfaction. The company achieved a customer satisfaction rating of 4.5 out of 5 in 2024, reflecting its commitment to excellent service.

• 24/7 customer support availability.
• Proactive communication about service updates and outages.
• Personalized solutions to meet individual customer needs.

By prioritizing customer service, Black Hills Corporation builds strong, lasting relationships with the communities it serves.

Environmental Stewardship

Environmental stewardship is a core value that guides Black Hills Corporation's operations. The company is committed to minimizing its environmental impact and promoting sustainable energy practices. Black Hills Corporation invests in renewable energy sources and implements programs to reduce emissions and conserve natural resources. In 2024, the company invested $120 million in renewable energy projects, demonstrating its dedication to environmental sustainability.

• Investments in renewable energy sources, such as wind and solar power.
• Implementation of energy efficiency programs to reduce consumption.
• Conservation of natural resources through responsible land management practices.

Through these initiatives, Black Hills Corporation strives to protect the environment for future generations.

Community Involvement

Black Hills Corporation is deeply committed to the communities it serves. The company actively supports local organizations and initiatives through charitable giving, volunteerism, and community partnerships. Black Hills Corporation encourages its employees to get involved in their communities and make a positive impact. In 2024, the company contributed $2.5 million to local communities through grants and sponsorships, reinforcing its commitment to community development.

• Charitable contributions to local organizations and initiatives.
• Employee volunteer programs that support community needs.
• Partnerships with local stakeholders to address community challenges.

By actively engaging in community involvement, Black Hills Corporation strengthens its ties to the areas it serves and contributes to their well-being.