Black Hills Management

Management criteria checks 1/4

Black Hills' CEO is Linn Evans, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $5.64M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth €7.61M. The average tenure of the management team and the board of directors is 1.2 years and 6.3 years respectively.

Key information

Linn Evans

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	15.8%
CEO tenure	8.3yrs
CEO ownership	0.2%
Management average tenure	1.2yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Linn Evans's remuneration changed compared to Black Hills's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$893k	US$262m
Sep 30 2023	n/a	n/a	US$255m
Jun 30 2023	n/a	n/a	US$245m
Mar 31 2023	n/a	n/a	US$255m
Dec 31 2022	US$4m	US$854k	US$258m
Sep 30 2022	n/a	n/a	US$257m
Jun 30 2022	n/a	n/a	US$266m
Mar 31 2022	n/a	n/a	US$258m
Dec 31 2021	US$4m	US$819k	US$237m
Sep 30 2021	n/a	n/a	US$243m
Jun 30 2021	n/a	n/a	US$235m
Mar 31 2021	n/a	n/a	US$231m
Dec 31 2020	US$4m	US$783k	US$228m
Sep 30 2020	n/a	n/a	US$220m
Jun 30 2020	n/a	n/a	US$195m
Mar 31 2020	n/a	n/a	US$189m
Dec 31 2019	US$4m	US$713k	US$199m
Sep 30 2019	n/a	n/a	US$218m
Jun 30 2019	n/a	n/a	US$224m
Mar 31 2019	n/a	n/a	US$234m
Dec 31 2018	US$2m	US$530k	US$265m
Sep 30 2018	n/a	n/a	US$242m
Jun 30 2018	n/a	n/a	US$253m
Mar 31 2018	n/a	n/a	US$251m
Dec 31 2017	US$2m	US$523k	US$194m

Compensation vs Market: Linn's total compensation ($USD5.64M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Linn's compensation has increased by more than 20% in the past year.

CEO

Linn Evans (60 yo)

8.3yrs

Tenure

US$5,639,002

Compensation

Mr. Linden R. Evans, also known as Linn, has been the Chief Executive Officer and Chairman at Black Hills Power Inc. since January 1, 2019. Mr. Evans served as Chief Operating Officer at Black Hills Power...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Linden Evans	President	8.3yrs	US$5.64m	0.22% $ 7.6m
Kimberly Nooney	Senior VP & CFO	less than a year	US$1.73m	0.032% $ 1.1m
Erik Keller	Senior VP & Chief Information Officer	3.8yrs	US$1.07m	0.013% $ 437.1k
Brian Iverson	Senior VP	8yrs	US$1.67m	0.063% $ 2.1m
Marne Jones	Senior Vice President of Utilities	less than a year	US$1.41m	0.023% $ 790.1k
Jerome Nichols	Director of Investor Relations	no data	no data	no data
Todd Jacobs	Senior Vice President Growth and Strategy	less than a year	no data	0.024% $ 813.7k
Amy Koenig	VP of Governance	no data	no data	no data
Courtney Hebert	VP, Corporate Controller & Chief Risk Officer	1.4yrs	no data	no data
Tom Stevens	VP & Treasurer	less than a year	no data	no data

1.2yrs

Average Tenure

54yo

Average Age

Experienced Management: BHI's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Linden Evans	President	5.4yrs	US$5.64m	0.22% $ 7.6m
Steven Mills	Independent Chairman	12.5yrs	US$322.50k	0.030% $ 1.0m
Mark Schober	Independent Director	8.6yrs	US$247.50k	0.012% $ 400.7k
Barry Granger	Independent Director	3.5yrs	US$223.33k	0.0039% $ 132.4k
Tony Jensen	Independent Director	4.4yrs	US$245.42k	0.013% $ 446.7k
Scott Prochazka	Independent Director	3.5yrs	US$222.50k	0.0037% $ 128.3k
Teresa Taylor	Independent Director	7.6yrs	US$242.50k	0.0069% $ 235.7k
Rebecca Roberts	Independent Director	12.9yrs	US$240.00k	0.0099% $ 339.6k
Kathleen McAllister	Independent Director	4.4yrs	US$225.00k	0.011% $ 370.5k
Robert Otto	Independent Director	7.3yrs	US$225.00k	0.0081% $ 277.5k

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: BHI's board of directors are considered experienced (6.3 years average tenure).

Black Hills Management

Management criteria checks 1/4

Key information

Recent management updates

Black Hills Corporation, Annual General Meeting, Apr 23, 2024

Insufficient new directors

Black Hills Corporation Appoints Marne M. Jones as the Senior Vice President

Black Hills Corporation Announces Executive Appointments

Insider recently sold €596k worth of stock

Black Hills Corporation, Annual General Meeting, Apr 25, 2023

Recent updates

Fourth quarter dividend of US$0.65 announced

Black Hills Corp. Announces Quarterly Dividend, Payable June 1, 2024

Black Hills Corporation to Report Q1, 2024 Results on May 08, 2024

Black Hills Corporation, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: EPS: US$3.86 (vs US$3.98 in FY 2022)

Black Hills Corporation Provides Earnings Guidance for the Year 2024

Upcoming dividend of US$0.65 per share at 5.2% yield

Third quarter dividend of US$0.65 announced

Black Hills Corp. Announces Quarterly Dividend, Payable on March 1, 2024

Now 20% undervalued

Black Hills Corporation to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.63 per share at 5.0% yield

Third quarter 2023 earnings released: EPS: US$0.67 (vs US$0.54 in 3Q 2022)

Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023

Insufficient new directors

Black Hills Corp. Announces Quarterly Dividend, Payable on December 1, 2023

Black Hills Corporation to Report Q3, 2023 Results on Nov 01, 2023

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.63 per share at 4.3% yield

Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.35 (vs US$0.52 in 2Q 2022)

Black Hills Corp. Announces Quarterly Dividend, Payable on September 1, 2023

Black Hills Corporation to Report Q2, 2023 Results on Aug 02, 2023

Black Hills Corporation Appoints Marne M. Jones as the Senior Vice President

Black Hills Corporation Announces Executive Appointments

Insider recently sold €596k worth of stock

Black Hills Corporation Reaffirms Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$1.73 (vs US$1.82 in 1Q 2022)

Full year 2022 earnings released: EPS: US$3.98 (vs US$3.75 in FY 2021)

Black Hills Corporation, Annual General Meeting, Apr 25, 2023

Upcoming dividend of US$0.63 per share at 3.5% yield

Black Hills Corporation Declares Quarterly Dividend, Payable on March 1, 2023

Black Hills Corporation to Report Q4, 2022 Results on Feb 07, 2023

Black Hills Corp. Appoints Courtney Hebert as Vice President-Corporate Controller and Chief Risk Officer

Upcoming dividend of US$0.63 per share

Third quarter 2022 earnings released: EPS: US$0.54 (vs US$0.70 in 3Q 2021)

Black Hills Corporation Affirms Earnings Guidance for the Year 2022; Initiates Earnings Guidance for the Year 2023

Black Hills Corporation Announces Executive Changes

Black Hills Corporation Approves Quarterly Dividend, Payable on December 1, 2022

Black Hills Corporation to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.59 per share

Black Hills Corporation Reaffirms Earnings Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.40 in 2Q 2021)

Black Hills Corporation Declares Quarterly Dividend, Payable on September 1, 2022

Black Hills Corporation to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.59 per share

First quarter 2022 earnings released: EPS: US$1.82 (vs US$1.54 in 1Q 2021)

Black Hills Corporation Re-Affirms Earnings Guidance for the Year 2022

Black Hills Corp. Announces Quarterly Dividend, Payable on June 1, 2022

Black Hills Corporation to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Black Hills Corporation Reaffirms Earnings Guidance for the Year 2022

Upcoming dividend of US$0.59 per share

High number of new directors

Upcoming dividend of US$0.59 per share

Third quarter 2021 earnings released: EPS US$0.70 (vs US$0.58 in 3Q 2020)

Upcoming dividend of US$0.56 per share

Second quarter 2021 earnings released: EPS US$0.40 (vs US$0.34 in 2Q 2020)

Black Hills Corporation Reaffirms Earnings Guidance for the Full Year 2021 and 2022

Upcoming dividend of US$0.56 per share

Independent Director has left the company

First quarter 2021 earnings released: EPS US$1.54 (vs US$1.51 in 1Q 2020)

Black Hills Corporation Reaffirms Earnings Guidance for the Full Year 2021 and Full Year 2022

Black Hills Corporation Announces Quarterly Dividend, Payable on June 1, 2021

Senior Vice President of Strategic Initiatives Scott Buchholz has left the company

New 90-day high: €52.00

Full year 2020 earnings released: EPS US$3.65 (vs US$3.29 in FY 2019)

Revenue misses expectations

Full year 2020 earnings released: EPS US$3.65 (vs US$3.29 in FY 2019)