Black Hills Management
Management criteria checks 1/4
Black Hills' CEO is Linn Evans, appointed in Jan 2016, has a tenure of 8.75 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 MX$181.16M. The average tenure of the management team and the board of directors is 1.5 years and 6.8 years respectively.
Key information
Linn Evans
Chief executive officer
US$5.6m
Total compensation
| CEO salary percentage | 15.8% |
| CEO tenure | 8.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.5yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$276m |
| Mar 31 2024 | n/a | n/a | US$276m |
| 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 MX market ($USD1.34M).
Compensation vs Earnings: Linn's compensation has increased by more than 20% in the past year.
CEO
Linn Evans (61 yo)
8.8yrs
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 |
|---|---|---|---|---|
| President | 8.8yrs | US$5.64m | 0.22% MX$ 181.2m | |
| Senior VP & CFO | 1.5yrs | US$1.73m | 0.032% MX$ 26.5m | |
| Senior VP & Chief Information Officer | 4.3yrs | US$1.07m | 0.012% MX$ 10.4m | |
| Senior Vice President of Utilities | 1.3yrs | US$1.41m | 0.023% MX$ 18.8m | |
| Director of Investor Relations | less than a year | no data | no data | |
| VP of Governance | no data | no data | no data | |
| VP, Corporate Controller & Chief Risk Officer | 1.9yrs | no data | no data | |
| VP & Treasurer | 1.3yrs | no data | no data |
1.5yrs
Average Tenure
52yo
Average Age
Experienced Management: BKH *'s management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.9yrs | US$5.64m | 0.22% MX$ 181.2m | |
| Independent Chairman | 13yrs | US$322.50k | 0.029% MX$ 24.5m | |
| Independent Director | 9.1yrs | US$247.50k | 0.011% MX$ 9.5m | |
| Independent Director | 4yrs | US$223.33k | 0.0037% MX$ 3.1m | |
| Independent Director | 4.9yrs | US$224.17k | 0.013% MX$ 10.7m | |
| Independent Director | 4yrs | US$222.50k | 0.0037% MX$ 3.1m | |
| Independent Director | 8.1yrs | US$242.50k | 0.0068% MX$ 5.6m | |
| Independent Director | 13.4yrs | US$240.00k | 0.0079% MX$ 6.6m | |
| Independent Director | 4.9yrs | US$225.00k | 0.010% MX$ 8.7m | |
| Independent Director | 7.8yrs | US$225.00k | 0.0080% MX$ 6.6m |
6.8yrs
Average Tenure
63yo
Average Age
Experienced Board: BKH *'s board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/26 16:30 |
| End of Day Share Price | 2024/07/29 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Black Hills Corporation is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Worms | BMO Capital Markets Equity Research |
| Michael Worms | BMO Capital Markets U.S. (Historical) |
| Julien Dumoulin-Smith | BofA Global Research |