BLACK HILLS CORP /SD/ (BKH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 6.56% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
73M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

BKH currently has 72.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 6.56% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

10-Q filing | 72.9M shares outstanding

73M 0
Jul 31, 2025

10-Q filing | 72.4M shares outstanding

72M 0
May 08, 2025

10-Q filing | 71.8M shares outstanding

72M 0
Feb 12, 2025

10-K filing | 69.9M shares outstanding

70M 0
Nov 07, 2024

10-Q filing | 70.6M shares outstanding

71M 0
Aug 01, 2024

10-Q filing | 69.0M shares outstanding

69M 0
May 16, 2024

8-K filing: Black Hills Corporation completed an offering of $450 million aggregate principal amount of its 6.000% Notes due 2035, receiving approximately $446.1 million in gross consideration. ($446.1M proceeds)

68M 0
May 09, 2024

10-Q filing | 68.3M shares outstanding

68M 0
Feb 14, 2024

10-K filing | 67.1M shares outstanding

67M 0
Nov 02, 2023

10-Q filing | 67.4M shares outstanding

67M 0
Aug 03, 2023

10-Q filing | 66.7M shares outstanding

67M 0
May 04, 2023

10-Q filing | 66.1M shares outstanding

66M 0
Feb 14, 2023

10-K filing | 65.0M shares outstanding

65M 0
Nov 03, 2022

10-Q filing | 65.1M shares outstanding

65M 0
Aug 04, 2022

10-Q filing | 64.9M shares outstanding

65M 0
May 05, 2022

10-Q filing | 64.7M shares outstanding

65M 0
Feb 15, 2022

10-K filing | 63.3M shares outstanding

63M 0
Nov 03, 2021

10-Q filing | 63.4M shares outstanding

63M 0
Aug 04, 2021

10-Q filing | 62.9M shares outstanding

63M 0
May 05, 2021

10-Q filing | 62.7M shares outstanding

63M 0
Feb 26, 2021

10-K filing | 62.4M shares outstanding

62M 0
Nov 03, 2020

10-Q filing | 62.6M shares outstanding

63M 0
Aug 04, 2020

10-Q filing | 62.6M shares outstanding

63M 0
May 05, 2020

10-Q filing | 61.9M shares outstanding

62M 0
Feb 27, 2020

8-K filing: Black Hills Corporation issued 1,222,942 shares of common stock at a price of $81.77 per share.

61M 0
Feb 14, 2020

10-K filing | 60.8M shares outstanding

61M 0
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