Black Hills Management
Management criteria checks 4/4
Black Hills' CEO is Linn Evans, appointed in Jan 2016, has a tenure of 10.08 years. total yearly compensation is $5.79M, comprised of 16.9% salary and 83.1% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $12.79M. The average tenure of the management team and the board of directors is 2.7 years and 6.3 years respectively.
Key information
Linn Evans
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 16.91% |
| CEO tenure | 10.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.7yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.703
Feb 13
Earnings Report: Black Hills Corporation Missed Revenue Estimates By 7.0%
Feb 08Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's
Jan 29Black Hills: Buy This Dividend King With Data Center Catalysts
Dec 24Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price
Jul 25Return Trends At Black Hills (NYSE:BKH) Aren't Appealing
Jun 11Getting In Cheap On Black Hills Corporation (NYSE:BKH) Is Unlikely
Apr 10Here's Why Black Hills (NYSE:BKH) Has A Meaningful Debt Burden
Mar 22Black Hills: Ka-Ching, Ka-Ching, Another Dividend King
Feb 21Black Hills Corporation: Double Digit Upside Potential
Jan 15Black Hills Is Still A Buyable Dividend King Now
Nov 21Why I Am Reducing Black Hills Stock From Buy To Hold
Nov 13Black Hills: It's Not Too Late To Buy This Dividend King Now
Sep 18
Investing In Renewable Resources And Innovative Energy Models
Investment in energy infrastructure and a move towards renewable resources supports future revenue growth and operational efficiencies.Black Hills Corporation: The Time To Buy This Dividend King Is Now
Jul 11Black Hills Corporation Continues As Solid Investment
Jun 07Black Hills Corporation: Dividend King To Benefit From Population Growth
Apr 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | US$292m |
| Sep 30 2025 | n/a | n/a | US$285m |
| Jun 30 2025 | n/a | n/a | US$284m |
| Mar 31 2025 | n/a | n/a | US$280m |
| Dec 31 2024 | US$6m | US$979k | US$273m |
| Sep 30 2024 | n/a | n/a | US$255m |
| 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$199m |
Compensation vs Market: Linn's total compensation ($USD5.79M) is about average for companies of similar size in the US market ($USD7.75M).
Compensation vs Earnings: Linn's compensation has been consistent with company performance over the past year.
CEO
Linn Evans (62 yo)
Mr. Linden R. Evans, also known as Linn, J.D., 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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.1yrs | US$5.79m | 0.23% $ 12.8m | |
| Senior VP & CFO | 2.8yrs | US$1.66m | 0.051% $ 2.9m | |
| Senior VP & Chief Human Resources Officer | 1.3yrs | US$621.83k | 0.010% $ 556.1k | |
| Senior VP & Chief Utility Officer | 2.7yrs | US$1.41m | 0.051% $ 2.9m | |
| Senior VP and Chief Information & Transformation Officer | less than a year | no data | no data | |
| Director of Investor Relations | 1.5yrs | no data | no data | |
| Senior VP | less than a year | no data | no data | |
| VP, Corporate Controller & Chief Risk Officer | 3.3yrs | no data | no data | |
| VP & Treasurer | 2.7yrs | no data | no data |
Experienced Management: BKH's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | US$5.79m | 0.23% $ 12.8m | |
| Independent Chairman | 14.3yrs | US$357.50k | 0.025% $ 1.4m | |
| Independent Director | 5.3yrs | US$244.17k | 0.0010% $ 56.8k | |
| Independent Director | 6.3yrs | US$246.67k | 0.018% $ 994.1k | |
| Independent Director | 5.3yrs | US$257.50k | 0.0094% $ 523.8k | |
| Independent Director | 9.4yrs | US$264.17k | 0.012% $ 680.9k | |
| Independent Director | less than a year | no data | 0.00010% $ 5.6k | |
| Independent Director | less than a year | no data | 0.0030% $ 169.4k | |
| Independent Director | 6.3yrs | US$246.67k | 0.016% $ 876.5k | |
| Independent Director | 9.1yrs | US$246.67k | 0.014% $ 753.9k |
Experienced Board: BKH's board of directors are considered experienced (6.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/27 18:06 |
| End of Day Share Price | 2026/02/27 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Black Hills Corporation is covered by 13 analysts. 3 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 |
|---|---|
| Edward DeArias | BMO Capital Markets Equity Research |
| James Thalacker | BMO Capital Markets Equity Research |
| Ross Fowler | BofA Global Research |