Stock-Based Compensation for Black Hills (BKH)
Stock-Based Compensation for Black Hills (BKH): headline value $11.80M · YoY +11.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

BKH
Currently viewingStock-Based CompensationSwitch metric
Latest period
$11.80M
YoY change
+11.3%
5Y CAGR
+17.0%
Peak year (2013)
$12.60M
Latest annual
$11.80M
Stock-Based Compensation history chart for Black Hills (BKH) from 1994 to 2025
Stock-Based Compensation history table for Black Hills (BKH) from 1994 to 2025
| Fiscal year | Period ended | Reported | Stock-Based Compensation | YoY |
|---|---|---|---|---|
| 2025 | $11.80M | +11.3% | ||
| 2024 | $10.60M | +51.4% | ||
| 2023 | $7.00M | -18.6% | ||
| 2022 | $8.60M | -11.3% | ||
| 2021 | $9.70M | +80.5% | ||
| 2020 | $5.37M | -55.6% | ||
| 2019 | $12.10M | -2.4% | ||
| 2018 | $12.39M | +62.5% | ||
| 2017 | $7.63M | -29.9% | ||
| 2016 | $10.88M | +167.1% | ||
| 2015 | $4.08M | -56.3% | ||
| 2014 | $9.33M | -25.9% | ||
| 2013 | $12.60M | +52.3% | ||
| 2012 | $8.27M | +46.6% | ||
| 2011 | $5.64M | -3.5% | ||
| 2010 | $5.85M | +46.8% | ||
| 2009 | $3.98M | — | ||
| 2008 | $0 | — | ||
| 2007 | $0 | — | ||
| 2006 | $0 | — | ||
| 2005 | $0 | — | ||
| 2004 | $0 | — | ||
| 2003 | $0 | — | ||
| 2002 | $0 | — | ||
| 2001 | $0 | — | ||
| 2000 | $0 | — | ||
| 1999 | $0 | — | ||
| 1998 | $0 | — | ||
| 1997 | $0 | — | ||
| 1996 | $0 | — | ||
| 1995 | $0 | — | ||
| 1994 | $0 | — |
Stock-Based Compensation values are taken from Black Hills's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual stock-based compensation for Black Hills (BKH) came in at $11.80M – grew 11.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Black Hills stock-based compensation compounded at +17.0% per year, with the latest reading among the more recent periods of the dataset.
2013 marks the peak stock-based compensation at $12.60M, with the historical low of $0 recorded in 1994.
Black Hills (BKH) sits 2nd of 8 Utilities peers we track on this metric, against a peer median of $0.
Black Hills Stock-Based Compensation by Year
Black Hills Stock-Based Compensation 2025: $11.80M
Black Hills stock-based compensation in 2025 was $11.80M, grew 11.3% from 2024.
Black Hills Stock-Based Compensation 2024: $10.60M
Black Hills stock-based compensation in 2024 was $10.60M, surged 51.4% from 2023.
Black Hills Stock-Based Compensation 2023: $7.00M
Black Hills stock-based compensation in 2023 was $7.00M, declined 18.6% below 2022.
Black Hills Stock-Based Compensation 2022: $8.60M
Black Hills stock-based compensation in 2022 was $8.60M, declined 11.3% below 2021.
Black Hills Stock-Based Compensation 2021: $9.70M
Black Hills stock-based compensation in 2021 was $9.70M.
See more financial history for Black Hills (BKH).
Sector peers — Stock-Based Compensation
Companies in the same sector as Black Hills, ranked by their latest stock-based compensation.
| Company | Stock-Based Compensation | Sector |
|---|---|---|
| The Southern Company (SO) | $136.00M | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
| NextEra Energy, Inc. (NEE) | $0 | Utilities |
| Duke Energy Corporation (DUK) | $0 | Utilities |
| Constellation Energy Corporation (CEG) | $0 | Utilities |
| American Electric Power Company, Inc. (AEP) | $0 | Utilities |
| Sempra (SRE) | $0 | Utilities |
| Dominion Energy, Inc. (D) | $0 | Utilities |
Frequently asked questions
What is Black Hills's stock-based compensation?
Latest reported stock-based compensation for Black Hills (BKH) is $11.80M (period ending December 31, 2025).
How has Black Hills stock-based compensation changed year-over-year?
Black Hills (BKH) stock-based compensation changed +11.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills stock-based compensation?
Black Hills (BKH) stock-based compensation compound annual growth rate is +17.0% over the most recent 5 years available.
When did Black Hills stock-based compensation hit its highest annual value?
Black Hills stock-based compensation reached its highest annual value of $12.60M in 2013.
What was Black Hills stock-based compensation in 2024?
Black Hills (BKH) stock-based compensation in 2024 was $10.60M.
What was Black Hills stock-based compensation in 2025?
Black Hills (BKH) stock-based compensation in 2025 was $11.80M.
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