What is Black Hills's diluted shares outstanding?

Latest reported diluted shares outstanding for Black Hills (BKH) is 75.6M as of the trailing twelve months (TTM) ending March 31, 2026.

How has Black Hills diluted shares outstanding changed year-over-year?

Black Hills (BKH) diluted shares outstanding changed +4.7% year-over-year on the latest annual filing.

What is the long-term growth rate of Black Hills diluted shares outstanding?

Black Hills (BKH) diluted shares outstanding compound annual growth rate is +3.2% over the most recent 5 years available.

When did Black Hills diluted shares outstanding hit its highest annual value?

Black Hills diluted shares outstanding reached its highest annual value of 73.2M in 2025.

What was Black Hills diluted shares outstanding in 2024?

Black Hills (BKH) diluted shares outstanding in 2024 was 69.9M.

What was Black Hills diluted shares outstanding in 2025?

Black Hills (BKH) diluted shares outstanding in 2025 was 73.2M.

Black Hills (BKH) Shares Outstanding 1985-2026

Latest period

75.6M

YoY change

+4.7%

5Y CAGR

+3.2%

Peak year (FY2025)

73.2M

Shares Outstanding history chart for Black Hills (BKH) from 2016 to 2025

Latest: 73.2M

Shares Outstanding growth chart for Black Hills (BKH) from 2016 to 2025

Latest: +4.7%

Shares Outstanding history table for Black Hills (BKH) from 1985 to 2025


FY2025	73.2M	+4.7%	+3.3M	Dec 31, 2025	Feb 11, 2026
FY2024	69.9M	+4.2%	+2.8M	Dec 31, 2024	Feb 12, 2025
FY2023	67.1M	+3.2%	+2.08M	Dec 31, 2023	Feb 14, 2024
FY2022	65M	+2.7%	+1.7M	Dec 31, 2022	Feb 14, 2023
FY2021	63.3M	+1.4%	+886K	Dec 31, 2021	Feb 15, 2022
FY2020	62.4M	+2.7%	+1.64M	Dec 31, 2020	Feb 26, 2021
FY2019	60.8M	+9.5%	+5.3M	Dec 31, 2019	Feb 14, 2020
FY2018	55.5M	+0.7%	+400K	Dec 31, 2018	Feb 19, 2019
FY2017	55.1M	+3.4%	+1.8M	Dec 31, 2017	Feb 26, 2018
FY2016	53.3M	+4.1%	+2.11M	Dec 31, 2016	Feb 27, 2017
FY2015	51.2M	+14.6%	+6.52M	Dec 31, 2015	Feb 25, 2016
FY2014	44.7M	+0.6%	+253K	Dec 31, 2014	Feb 25, 2015
FY2013	44.4M	+0.8%	+346K	Dec 31, 2013	Feb 26, 2014
FY2012	44.1M	+10.0%	+3.99M	Dec 31, 2012	Feb 25, 2013
FY2011	40.1M	+2.5%	+990K	Dec 31, 2011	Feb 29, 2012
FY2010	39.1M	+1.1%	+407K	Dec 31, 2010	Feb 25, 2011
FY2009	38.7M	+1.3%	+491K	Dec 31, 2009	Feb 26, 2010
FY2008	38.2M	+2.1%	+779K	Dec 31, 2008	Mar 2, 2009
FY2007	37.4M	+11.5%	+3.87M	Dec 31, 2007	Feb 29, 2008
FY2006	33.5M	+0.8%	+261K	Dec 31, 2006	Mar 1, 2007
FY2005	33.3M	+1.1%	+376K	Dec 31, 2005	Mar 16, 2006
FY2004	32.9M	+6.1%	+1.9M	Dec 31, 2004	Mar 16, 2005
FY2003	31M	+14.5%	+3.92M	Dec 31, 2003	Mar 15, 2004
FY2002	27.1M	+5.8%	+1.49M	Dec 31, 2002	Mar 31, 2003
FY2001	25.6M	+14.9%	+3.32M	Dec 31, 2001	Mar 26, 2002
FY2000	22.3M	+3.9%	+836K	Dec 31, 2000	Apr 3, 2001
FY1999	21.4M	-1.1%	-236K	Dec 31, 1999	Dec 31, 1999
FY1998	21.7M	-0.3%	-64.3K	Dec 31, 1998	Dec 31, 1998
FY1997	21.7M	+0.5%	+102K	Dec 31, 1997	Dec 31, 1997
FY1996	21.6M	+0.6%	+130K	Dec 31, 1996	Dec 31, 1996
FY1995	21.5M	+0.3%	+71.2K	Dec 31, 1995	Dec 31, 1995
FY1994	21.4M	+3.9%	+811K	Dec 31, 1994	Dec 31, 1994
FY1993	20.6M	+0.5%	+109K	Dec 31, 1993	Dec 31, 1993
FY1992	20.5M	+0.3%	+71.3K	Dec 31, 1992	Dec 31, 1992
FY1991	20.5M	-0.9%	-180K	Dec 31, 1991	Dec 31, 1991
FY1990	20.6M	+0.7%	+145K	Dec 31, 1990	Dec 31, 1990
FY1989	20.5M	-0.9%	-181K	Dec 31, 1989	Dec 31, 1989
FY1988	20.7M	+1.2%	+254K	Dec 31, 1988	Dec 31, 1988
FY1987	20.4M	+0.0%	+6.97K	Dec 31, 1987	Dec 31, 1987
FY1986	20.4M	+1.4%	+288K	Dec 31, 1986	Dec 31, 1986
FY1985	20.1M	—	—	Dec 31, 1985	Dec 31, 1985

FY202573.2M+4.7%
FY202469.9M+4.2%
FY202367.1M+3.2%
FY202265M+2.7%
FY202163.3M+1.4%
FY202062.4M+2.7%
FY201960.8M+9.5%
FY201855.5M+0.7%
FY201755.1M+3.4%
FY201653.3M+4.1%
FY201551.2M+14.6%
FY201444.7M+0.6%
FY201344.4M+0.8%
FY201244.1M+10.0%
FY201140.1M+2.5%
FY201039.1M+1.1%
FY200938.7M+1.3%
FY200838.2M+2.1%
FY200737.4M+11.5%
FY200633.5M+0.8%
FY200533.3M+1.1%
FY200432.9M+6.1%
FY200331M+14.5%
FY200227.1M+5.8%
FY200125.6M+14.9%
FY200022.3M+3.9%
FY199921.4M-1.1%
FY199821.7M-0.3%
FY199721.7M+0.5%
FY199621.6M+0.6%
FY199521.5M+0.3%
FY199421.4M+3.9%
FY199320.6M+0.5%
FY199220.5M+0.3%
FY199120.5M-0.9%
FY199020.6M+0.7%
FY198920.5M-0.9%
FY198820.7M+1.2%
FY198720.4M+0.0%
FY198620.4M+1.4%
FY198520.1M—

Shares Outstanding values are taken from Black Hills's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Shares Outstanding at Black Hills (BKH)

According to Black Hills's latest reported financial statements, the company's latest reported diluted shares outstanding is 75.6M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 7, 2026). Chart and table below cover the full reported history back to 1985.

The 2025 reading of Black Hills (BKH) diluted shares outstanding is 73.2M – edged up 4.7% year-over-year.

Through 2020–2025 (5 years), Black Hills diluted shares outstanding delivered a +3.2% annualised rate; sustaining 26 straight years of year-over-year growth.

73.2M stands as the all-time-high annual diluted shares outstanding, posted in 2025, against a low of 20.1M during 1985.

Black Hills Shares Outstanding by Year

Black Hills Shares Outstanding 2025: 73.2M

2025's diluted shares outstanding for Black Hills came in at 73.2M, edged up 4.7% from 2024. This figure represents the highest annual value in the available history.

Black Hills Shares Outstanding 2024: 69.9M

Black Hills posted diluted shares outstanding of 69.9M in 2024, edged up 4.2% from 2023.

Black Hills Shares Outstanding 2023: 67.1M

In 2023, Black Hills reported diluted shares outstanding of 67.1M, edged up 3.2% from 2022.

Black Hills Shares Outstanding 2022: 65M

Black Hills diluted shares outstanding in 2022 was 65M, edged up 2.7% from 2021.

Black Hills Shares Outstanding 2021: 63.3M

Black Hills diluted shares outstanding in 2021 was 63.3M.

See more financial history for Black Hills (BKH).

Sector peers by Shares Outstanding

Utilities peers of Black Hills (BKH), ranked by their latest diluted shares outstanding


NextEra Energy (NEE)	2.09B
Southern Company (SO)	1.11B
Dominion Energy (D)	855M
Duke Energy (DUK)	777M
Sempra (SRE)	653M
American Electric Power Company (AEP)	520M
Constellation Energy (CEG)	314M
GE Vernova (GEV)	276M

NextEra Energy (NEE)
2.09B
Southern Company (SO)
1.11B
Dominion Energy (D)
855M
Duke Energy (DUK)
777M
Sempra (SRE)
653M
American Electric Power Company (AEP)
520M
Constellation Energy (CEG)
314M
GE Vernova (GEV)
276M

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