Risk factors
Black Hills (BKH) risk factors
Item 1A of every Black Hills Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors49 risks28 new3 dropped7 reworded
Integration risks from the pending merger with NorthWestern dominate this year's filing. Wildfire liability protections were added in Wyoming and Montana. Supply chain constraints now highlight data center expansion demands.
Filed Feb 11, 2026 - FY2024 10-K risk factors24 risks
Wildfires and PSPS framework implementation represent key emerging operating risks for the utility business. Regulatory rate oversight across eight state commissions dictates financial viability. Capital program execution depends heavily on continuous debt market access and credit ratings.
Filed Feb 12, 2025