Black Hills Corporation

NYSE:BKH Stock Report

Market Cap: US$5.4b

Black Hills Management

Management criteria checks 4/4

Black Hills' CEO is Linn Evans, appointed in Jan 2016, has a tenure of 9.83 years. total yearly compensation is $5.79M, comprised of 16.9% salary and 83.1% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $11.46M. The average tenure of the management team and the board of directors is 2.4 years and 6 years respectively.

Key information

Linn Evans

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage16.91%
CEO tenure9.8yrs
CEO ownership0.2%
Management average tenure2.4yrs
Board average tenure6yrs

Recent management updates

Recent updates

Black Hills: Now An Even More Buyable Dividend King

Sep 14

Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price

Jul 25
Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price

Return Trends At Black Hills (NYSE:BKH) Aren't Appealing

Jun 11
Return Trends At Black Hills (NYSE:BKH) Aren't Appealing

Getting In Cheap On Black Hills Corporation (NYSE:BKH) Is Unlikely

Apr 10
Getting In Cheap On Black Hills Corporation (NYSE:BKH) Is Unlikely

Here's Why Black Hills (NYSE:BKH) Has A Meaningful Debt Burden

Mar 22
Here's Why Black Hills (NYSE:BKH) Has A Meaningful Debt Burden

Black Hills: Ka-Ching, Ka-Ching, Another Dividend King

Feb 21

Earnings Report: Black Hills Corporation Missed Revenue Estimates By 8.0%

Feb 08
Earnings Report: Black Hills Corporation Missed Revenue Estimates By 8.0%

Black Hills' (NYSE:BKH) Dividend Will Be Increased To $0.676

Jan 31
Black Hills' (NYSE:BKH) Dividend Will Be Increased To $0.676

Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down

Jan 29
Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down

Black Hills Corporation: Double Digit Upside Potential

Jan 15

Black Hills Corporation's (NYSE:BKH) Business Is Trailing The Market But Its Shares Aren't

Dec 05
Black Hills Corporation's (NYSE:BKH) Business Is Trailing The Market But Its Shares Aren't

Black Hills Is Still A Buyable Dividend King Now

Nov 21

Why I Am Reducing Black Hills Stock From Buy To Hold

Nov 13

Black Hills: It's Not Too Late To Buy This Dividend King Now

Sep 18
User avatar

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 11

Black Hills Corporation Continues As Solid Investment

Jun 07

Black Hills Corporation: Dividend King To Benefit From Population Growth

Apr 13

Black Hills: Dividend Aristocrat Value You Shouldn't Overlook

Jan 31

Black Hills Corporation: Undervalued Share And Rising Dividend, But Slower Growth Ahead

Dec 19

Black Hills Corporation Still In The Black

Nov 08

CEO Compensation Analysis

How has Linn Evans's remuneration changed compared to Black Hills's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$285m

Jun 30 2025n/an/a

US$284m

Mar 31 2025n/an/a

US$280m

Dec 31 2024US$6mUS$979k

US$273m

Sep 30 2024n/an/a

US$255m

Jun 30 2024n/an/a

US$276m

Mar 31 2024n/an/a

US$276m

Dec 31 2023US$6mUS$893k

US$262m

Sep 30 2023n/an/a

US$255m

Jun 30 2023n/an/a

US$245m

Mar 31 2023n/an/a

US$255m

Dec 31 2022US$4mUS$854k

US$258m

Sep 30 2022n/an/a

US$257m

Jun 30 2022n/an/a

US$266m

Mar 31 2022n/an/a

US$258m

Dec 31 2021US$4mUS$819k

US$237m

Sep 30 2021n/an/a

US$243m

Jun 30 2021n/an/a

US$235m

Mar 31 2021n/an/a

US$231m

Dec 31 2020US$4mUS$783k

US$228m

Sep 30 2020n/an/a

US$220m

Jun 30 2020n/an/a

US$195m

Mar 31 2020n/an/a

US$189m

Dec 31 2019US$4mUS$713k

US$199m

Sep 30 2019n/an/a

US$218m

Jun 30 2019n/an/a

US$224m

Mar 31 2019n/an/a

US$234m

Dec 31 2018US$2mUS$530k

US$265m

Compensation vs Market: Linn's total compensation ($USD5.79M) is about average for companies of similar size in the US market ($USD8.22M).

Compensation vs Earnings: Linn's compensation has been consistent with company performance over the past year.

CEO

Linn Evans (62 yo)

9.8yrs
Tenure
US$5,787,141
Compensation

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

NamePositionTenureCompensationOwnership
Linden Evans
President9.8yrsUS$5.79m0.21%
$ 11.5m
Kimberly Nooney
Senior VP & CFO2.6yrsUS$1.66m0.046%
$ 2.5m
Sarah Wiltse
Senior VP & Chief Human Resources Officer1.1yrsUS$621.83k0.0072%
$ 384.2k
Marne Jones
SVP & Chief Utility Officer2.4yrsUS$1.41m0.048%
$ 2.5m
Salvador Diaz
Director of Investor Relations1.3yrsno datano data
Amy Koenig
VP of Governanceno datano datano data
Courtney Hebert
VP, Corporate Controller & Chief Risk Officer3yrsno datano data
Tom Stevens
VP & Treasurer2.4yrsno datano data
2.4yrs
Average Tenure
52yo
Average Age

Experienced Management: BKH's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Linden Evans
President7yrsUS$5.79m0.21%
$ 11.5m
Steven Mills
Independent Chairman14.1yrsUS$357.50k0.025%
$ 1.3m
Barry Granger
Independent Director5.1yrsUS$244.17k0.0010%
$ 54.7k
Tony Jensen
Independent Director6yrsUS$246.67k0.018%
$ 957.3k
Scott Prochazka
Independent Director5.1yrsUS$257.50k0.0094%
$ 504.4k
Teresa Taylor
Independent Director9.2yrsUS$264.17k0.012%
$ 655.7k
Anne Waleski
Independent Directorless than a yearno datano data
Robert Beard
Independent Directorless than a yearno datano data
Kathleen McAllister
Independent Director6yrsUS$246.67k0.016%
$ 844.1k
Robert Otto
Independent Director8.8yrsUS$246.67k0.014%
$ 726.0k
6.0yrs
Average Tenure
61.5yo
Average Age

Experienced Board: BKH's board of directors are considered experienced (6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/25 22:59
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Black Hills Corporation is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James ThalackerBMO Capital Markets Equity Research
Edward DeAriasBMO Capital Markets Equity Research
Ross FowlerBofA Global Research