Black Hills Corp. released its 2024 Corporate Sustainability Report, detailing progress in emissions reduction and community investment.
Quiver AI Summary
Black Hills Corp. has released its 2024 Corporate Sustainability Report, highlighting its commitment to providing safe and cost-effective energy solutions while advancing sustainability goals. President and CEO Linn Evans emphasized that sustainability is integral to the company's operations, showcasing a 38% reduction in electric utility emissions since 2005 and a target of 40% reduction by 2030, with aspirations for net-zero natural gas utility emissions by 2035. The report highlights various initiatives, including the development of coal to hydrogen technology, the acquisition of a renewable natural gas facility in Iowa, and programs that have helped customers save energy. Additionally, the company reported an economic impact of approximately $1.5 billion in 2024 and continued efforts to foster a supportive workplace culture for its employees. For more details, the full report is available on their website.
Potential Positives
- Black Hills Corp. reported a 38% reduction in electric utility emissions since 2005 and is on track to achieve a 40% reduction by 2030 and 70% by 2040, demonstrating strong commitment to environmental sustainability.
- The company’s acquisition of a renewable natural gas facility in Iowa is expected to produce enough RNG to heat over 1,800 homes annually, highlighting expansion in renewable energy solutions.
- Black Hills Corp. achieved a total economic impact of approximately $1.5 billion in 2024, showcasing its significant contribution to local economies and communities.
- Through charitable contributions and employee engagement, the company managed to raise substantial funds for community support, strengthening workplace culture and community ties.
Potential Negatives
- None
FAQ
What is the main focus of Black Hills Corp.'s 2024 Corporate Sustainability Report?
The report showcases the company’s commitment to a resilient energy future through safe and cost-effective energy solutions.
How much has Black Hills Corp. reduced its electric utility emissions?
The company reported a 38% reduction in electric utility emissions since 2005 and aims for a 40% reduction by 2030.
What initiatives does Black Hills Corp. have for renewable energy?
Black Hills Corp. acquired a renewable natural gas facility expected to heat over 1,800 homes annually.
How does Black Hills Corp. support community initiatives?
The company contributed approximately $3.8 million in charitable giving and energy assistance, impacting local communities positively.
Where can I read the full 2024 Corporate Sustainability Report?
The complete report is available at blackhillsenergy.com/sustainability.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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$BKH Analyst Ratings
Wall Street analysts have issued reports on $BKH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BMO Capital issued a "Outperform" rating on 05/12/2025
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Full Release
RAPID CITY, S.D., June 26, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced the release of its 2024 Corporate Sustainability Report, showcasing the company’s continued commitment to a resilient energy future through safe, reliable and cost-effective energy solutions.
“For 141 years, we’ve powered progress through the delivery of electricity and natural gas. Today, our sustainability efforts are integrated into every part of our business,” said Linn Evans, president and CEO of Black Hills Corp. “This year’s report reflects the dedication of our employees and our belief that a diverse mix of energy sources is the foundation for long-term success in meeting our customers’ evolving energy needs.”
Driving meaningful progress
The 2024 report highlights Black Hills Corp.’s achievements across environmental, economic and governance priorities. The company reported a 38% reduction in electric utility emissions since 2005 and is on track to reduce emissions 40% by 2030 and 70% by 2040. It also continues to advance toward its goal of net zero natural gas utility emissions by 2035.
Additional highlights include:
- Innovating for a resilient energy future: Black Hills Corp. is partnering on strategies to further develop coal to hydrogen technology and has completed initial testing of carbon sequestration capabilities at the company’s Gillette, Wyoming, energy complex.
- Expanding renewable energy solutions: The company's 2024 acquisition of a renewable natural gas facility in Iowa is expected to produce enough RNG to heat more than 1,800 homes annually.
- Empowering customer choice: Through programs like Green Forward and more than $10 million in energy efficiency rebates, Black Hills Corp. helped customers save the energy equivalent of powering over 1,500 homes with electricity and 246 homes with natural gas for one year.
- Investing in communities: Black Hills Corp.'s total economic impact reached approximately $1.5 billion in 2024, including $3.8 million in charitable giving and energy assistance across the company's eight-state service territory. The company’s charitable impact was made possible by our incredible team—which collectively and generously contributed $441,000 to United Way and $73,711 to Black Hills Cares. With company matching, that support grew to include $551,000 for United Way and $346,000 in energy assistance, helping strengthen the communities the company serves.
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Strengthening workplace culture:
Black Hills Corp. continues to foster an environment where employees feel empowered to contribute, collaborate and grow while advancing the company’s mission to improve life with energy.
To learn more about the company’s progress and sustainability commitments, visit blackhillsenergy.com/sustainability to view the full 2024 Corporate Sustainability Report.
Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.
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