S-3 424B5 EX-FILING FEES 333-272739 0001130464 BLACK HILLS CORP /SD/ 0001130464 2025-05-08 2025-05-08 0001130464 1 2025-05-08 2025-05-08 0001130464 2 2025-05-08 2025-05-08 iso4217:USD xbrli:pure xbrli:shares

Calculation of Filing Fee Tables

S-3

BLACK HILLS CORP /SD/

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities
Fees to be Paid 1 Equity Common stock, par value $1.00 457(o) $ 300,590,852.90 0.0001531 $ 46,020.46
Fees Previously Paid 2 Equity Common stock, par value $1.00 Other $ 99,409,147.10 $ 10,954.89
Carry Forward Securities
Carry Forward Securities

Total Offering Amounts:

$ 400,000,000.00

$ 56,975.35

Total Fees Previously Paid:

$ 10,954.89

Total Fee Offsets:

$ 0.00

Net Fee Due:

$ 46,020.46

Offering Note

1

Calculated in accordance with Rule 457(o) and 457(r) under the Securities Act and is being paid in accordance with Rule 456(b) under the Securities Act. Pursuant to Rule 416 under the Securities Act, the number of shares being registered shall be adjusted to include any additional shares that may become issuable as a result of stock splits, stock dividends or similar transactions.

2

Represents the aggregate amount of $99,409,147.10 that remains unsold of the $400,000,000.00 of common stock that was registered under this Registration Statement on Form S-3 (Registration No. 333-272739) (the "Registration Statement") and the prospectus supplement dated June 16, 2023.

Narrative Disclosure
The maximum aggregate offering price of the securities to which the prospectus relates is $400,000,000.00. The prospectus is a final prospectus for the related offering.
The prospectus supplement to which this Exhibit is attached is a final prospectus for the related offering. The maximum aggregate offering price of this offering is $400,000,000.00, which is inclusive of the $99,409,147.10 remaining unsold from the $400,000,000.00 that was registered with the final prospectus supplement filed on June 16, 2023 and accordingly represents an incremental maximum aggregate offering price of $300,590,852.90.