Annual Reports

2021 Annual Report
Our success in growing our long-term value during 2021 was guided by our shared values of service to our customers, our partnership with our communities and our vision of powering a better future.

2020 Annual Report
Rising above the challenges of the year, we reported strong financial results in 2020, increased our dividend and delivered on our customer-centered capital investment plans.

2019 Annual Report
2019 was a year of significant accomplishment for Black Hills Corp. Our engaged team delivered solid financial performance and positioned the company for sustainable, long-term growth.

2018 Annual Report
In 2018, Black Hills Corp. celebrated a milestone that is particularly meaningful for us — 135 years of providing essential energy to our customers — ensuring the strength and vitality of hundreds of towns and communities across our eight-state region through the safe and reliable delivery of electricity and natural gas.

2017 Annual Report
Our 2016 acquisition and rapid integration of SourceGas has been a great success, leading to outstanding performance and solid financial results in 2017.

2016 Annual Report
Black Hills Corp. experienced another outstanding year in 2016 as we executed on our strategy to serve our customers, operate our businesses safely, reliably and efficiently, build a supportive work environment for our employees and create value for you, our shareholders.

2015 Annual Report
Stronger together. That was our mindset in 2015, a banner year for the company’s longterm growth strategy and a year that positioned us for strong future growth.

2014 Annual Report
At Black Hills Corporation, we aspire to 'Be the Energy Partner of Choice' for our customers and the communities we serve. This long-term strategy produced remarkable growth for our company during the past five years.

2013 Annual Report
As you can see from our 2013 results, our strategy is definitely working.

2012 Annual Report
The stories that resonate with us all — the ones we want to hear and tell again and again — are those that are the most remarkable.

2011 Annual Report
For almost 130 years, our customers, employees, shareholders and communities have relied on us to improve their lives with energy.

2010 Annual Report
The work we do at Black Hills Corporation often happens far from the spotlight.

2009 Annual Report
Last year’s annual report was a celebration of all we had accomplished in 125 years. Now, we must look forward. These are exciting times for our company and our industry.

2008 Annual Report
The year 2008 was one of tremendous change, accomplishment and celebration for Black Hills Corporation.