# BLACK HILLS CORP /SD/ (BKH) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from BLACK HILLS CORP /SD/'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/BKH/mda/fy2025/): filed 2026-02-11; accession 0001193125-26-046028 (https://www.sec.gov/Archives/edgar/data/1130464/000119312526046028/bkh-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/BKH/mda/fy2024/): filed 2025-02-12; accession 0000950170-25-018647 (https://www.sec.gov/Archives/edgar/data/1130464/000095017025018647/bkh-20241231.htm)
- [FY 2023 MD&A](/company/BKH/mda/fy2023/): filed 2024-02-14; accession 0000950170-24-015090 (https://www.sec.gov/Archives/edgar/data/1130464/000095017024015090/bkh-20231231.htm)
- [FY 2022 MD&A](/company/BKH/mda/fy2022/): filed 2023-02-14; accession 0000950170-23-002759 (https://www.sec.gov/Archives/edgar/data/1130464/000095017023002759/bkh-20221231.htm)
- [FY 2021 MD&A](/company/BKH/mda/fy2021/): filed 2022-02-15; accession 0001130464-22-000004 (https://www.sec.gov/Archives/edgar/data/1130464/000113046422000004/bkh-20211231.htm)

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