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Black Hills Corp. Releases 2024 Corporate Sustainability Report Highlighting Progress on Climate Goals and Innovation

1. BKH's sustainability report shows significant emission reductions and future goals. 2. The company aims for net zero natural gas emissions by 2035. 3. BKH's community investments reached $1.5 billion, enhancing local support. 4. The acquisition of a renewable facility will heat 1,800 homes annually. 5. BKH is innovating through coal to hydrogen technology and carbon sequestration.

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Why Bullish?

The strong commitment to sustainability and community investments can enhance BKH's reputation and attract investors, similar to other energy companies that have increased valuations after adopting sustainable practices.

How important is it?

This report emphasizes growth and sustainability, critical for an energy company’s future, making it highly relevant for BKH’s price influence.

Why Long Term?

The strategic focus on sustainability and emissions reduction aligns with future energy trends, likely securing BKH's position in the market over the long term.

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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.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 CorporationBlack 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. Investor RelationsSal Diaz605-399-5079Investorrelations@blackhillscorp.com 24-Hour Media Relations Line 888-242-3969

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