BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

Scarborough Advisors, LLC's Holding History (CIK: 0001815355)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,566 Value ($000) $178 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 2,543 Value ($000) $157 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 2,514 Value ($000) $141 Avg Close $56.47 Range $52.67 - $59.65

Q2 2024

Shares 2,407 Value ($000) $131 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 2,380 Value ($000) $130 Avg Close $47.73 Range $44.68 - $50.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,566	$178	$66.47	$58.20 - $73.32
Q3 2025	2,543	$157	$57.38	$54.13 - $60.96
Q2 2025	2,514	$141	$56.47	$52.67 - $59.65
Q2 2024	2,407	$131	$50.26	$46.53 - $53.93
Q1 2024	2,380	$130	$47.73	$44.68 - $50.77