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On the Record · Black Hills

Black Hills subsidiaries, as it lists them

The subsidiaries Black Hills lists in its latest annual report, with the jurisdiction of each, linked to the filing.

Subsidiaries it lists

SubsidiaryJurisdiction
Black Hills Colorado Electric, LLCDelaware
Black Hills Colorado Gas, Inc.Colorado
Black Hills Colorado IPP, LLCSouth Dakota
Black Hills Colorado Wind, LLCDelaware
Black Hills Electric Generation, LLCSouth Dakota
Black Hills Electric Parent Holdings, LLCSouth Dakota
Black Hills Energy Arkansas, Inc.Arkansas
Black Hills Energy Renewable Resources, LLCSouth Dakota
Black Hills Energy Services CompanyColorado
Black Hills Exploration and Production, Inc.Wyoming
BHERR Holdings, LLCSouth Dakota
Black Hills Gas, Inc.Delaware
Black Hills Gas, LLCDelaware
Black Hills Gas Holdings, LLCDelaware
Black Hills Gas Parent Holdings II, Inc.Delaware
Black Hills Gas Resources, Inc.Colorado
Black Hills/Iowa Gas Utility Company, LLCDelaware
Black Hills/Kansas Gas Utility Company, LLCKansas
Black Hills Nebraska Gas, LLCDelaware
Black Hills Non-regulated Holdings, LLCSouth Dakota
Black Hills Plateau Production, LLCDelaware
Black Hills Power, Inc.South Dakota
Black Hills Service Company, LLCSouth Dakota
Black Hills Shoshone Pipeline, LLCWyoming
Black Hills Utility Holdings, Inc.South Dakota
Black Hills Wyoming, LLCWyoming
Black Hills Wyoming Gas, LLCWyoming
Cheyenne Light, Fuel and Power CompanyWyoming
Mallon Oil Company, Sucursal Costa RicaCosta Rica
N780BH, LLCSouth Dakota
River Merger Sub Inc.Delaware
Rocky Mountain Natural Gas LLCColorado
Wyodak Resources Development Corp.Delaware

From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.

Read from Black Hills’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.