Black Hills Management
Management criteria checks 2/4
Black Hills' CEO is Linn Evans, appointed in Jan 2016, has a tenure of 6.17 years. total yearly compensation is $5.64M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $8.94M. The average tenure of the management team and the board of directors is 1.6 years and 7.1 years respectively.
Key information
Linn Evans
Chief executive officer
US$5.6m
Total compensation
| CEO salary percentage | 15.8% |
| CEO tenure | 9yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.6yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
Black Hills' (NYSE:BKH) Dividend Will Be Increased To $0.676
Jan 31
Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down
Jan 29Black Hills Corporation: Double Digit Upside Potential
Jan 15Black Hills Corporation's (NYSE:BKH) Business Is Trailing The Market But Its Shares Aren't
Dec 05Black Hills Is Still A Buyable Dividend King Now
Nov 21We Think That There Are Some Issues For Black Hills (NYSE:BKH) Beyond Its Promising Earnings
Nov 15Why I Am Reducing Black Hills Stock From Buy To Hold
Nov 13Does Black Hills (NYSE:BKH) Have A Healthy Balance Sheet?
Nov 04Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down
Oct 20Black Hills: It's Not Too Late To Buy This Dividend King Now
Sep 18Here's Why We Think Black Hills (NYSE:BKH) Is Well Worth Watching
Aug 29These 4 Measures Indicate That Black Hills (NYSE:BKH) Is Using Debt Extensively
Jul 28Black Hills Corporation: The Time To Buy This Dividend King Is Now
Jul 11An Intrinsic Calculation For Black Hills Corporation (NYSE:BKH) Suggests It's 28% Undervalued
Jun 25Black Hills Corporation Continues As Solid Investment
Jun 07Black Hills (NYSE:BKH) Has More To Do To Multiply In Value Going Forward
May 23Shareholders Will Probably Hold Off On Increasing Black Hills Corporation's (NYSE:BKH) CEO Compensation For The Time Being
Apr 18Investors Aren't Buying Black Hills Corporation's (NYSE:BKH) Earnings
Apr 14Black Hills Corporation: Dividend King To Benefit From Population Growth
Apr 13Here's Why Black Hills (NYSE:BKH) Is Weighed Down By Its Debt Load
Mar 17Earnings Update: Black Hills Corporation (NYSE:BKH) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Feb 10Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.65
Feb 01Black Hills: Dividend Aristocrat Value You Shouldn't Overlook
Jan 31Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down
Jan 16Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price
Jan 03Black Hills Corporation: Undervalued Share And Rising Dividend, But Slower Growth Ahead
Dec 19Calculating The Fair Value Of Black Hills Corporation (NYSE:BKH)
Dec 15Black Hills Corporation Still In The Black
Nov 08Black Hills' (NYSE:BKH) Dividend Will Be $0.625
Oct 27Black Hills (NYSE:BKH) Use Of Debt Could Be Considered Risky
Oct 21Black Hills: Dividend King At 52-Week Low, A Gift For Income Investors
Oct 01Returns On Capital At Black Hills (NYSE:BKH) Paint A Concerning Picture
Sep 22A Look At The Fair Value Of Black Hills Corporation (NYSE:BKH)
Sep 05Why I Believe Black Hills Corporation Is A Buy Now
Jul 25Black Hills (NYSE:BKH) Use Of Debt Could Be Considered Risky
Jul 21Investors Could Be Concerned With Black Hills' (NYSE:BKH) Returns On Capital
Jun 23Black Hills Stock: Good Company For Stability, But Overpriced
Jun 20Estimating The Fair Value Of Black Hills Corporation (NYSE:BKH)
May 23Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.625
Apr 28Here's What To Make Of Black Hills' (NYSE:BKH) Decelerating Rates Of Return
Mar 13Black Hills (NYSE:BKH) Has A Somewhat Strained Balance Sheet
Feb 26Black Hills (NYSE:BKH) Will Pay A Larger Dividend Than Last Year At $0.625
Feb 08Black Hills Q4 results beat estimates, co revises 2023 EPS guidance
Feb 07Are Black Hills Corporation (NYSE:BKH) Investors Paying Above The Intrinsic Value?
Feb 01Black Hills: Buy This Steady Eddy Dividend King
Jan 23Does Black Hills (NYSE:BKH) Have A Healthy Balance Sheet?
Nov 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| 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$265m |
Compensation vs Market: Linn's total compensation ($USD5.64M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Linn's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Linn Evans (61 yo)
9yrs
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 | 9yrs | US$5.64m | 0.21% $ 8.9m | |
| Senior VP & CFO | 1.8yrs | US$1.73m | 0.031% $ 1.3m | |
| Senior VP & Chief Information Officer | 4.5yrs | US$1.07m | 0.012% $ 513.7k | |
| Senior Vice President of Utilities | 1.6yrs | US$1.41m | 0.022% $ 928.1k | |
| Director of Investor Relations | less than a year | no data | no data | |
| Senior VP & Chief Legal Officer | less than a year | no data | no data | |
| Senior VP & Chief Human Resources Officer | less than a year | no data | 0.0047% $ 199.0k | |
| VP of Governance | no data | no data | no data | |
| VP, Corporate Controller & Chief Risk Officer | 2.2yrs | no data | no data | |
| VP & Treasurer | 1.6yrs | no data | no data |
1.6yrs
Average Tenure
52yo
Average Age
Experienced Management: BKH's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.2yrs | US$5.64m | 0.21% $ 8.9m | |
| Independent Chairman | 13.3yrs | US$322.50k | 0.029% $ 1.2m | |
| Independent Director | 9.3yrs | US$247.50k | 0.011% $ 467.6k | |
| Independent Director | 4.3yrs | US$223.33k | 0.0036% $ 152.1k | |
| Independent Director | 5.2yrs | US$224.17k | 0.012% $ 526.3k | |
| Independent Director | 4.3yrs | US$222.50k | 0.0036% $ 152.1k | |
| Independent Director | 8.3yrs | US$242.50k | 0.0066% $ 278.0k | |
| Independent Director | 13.7yrs | US$240.00k | 0.0077% $ 326.1k | |
| Independent Director | 5.2yrs | US$225.00k | 0.010% $ 431.7k | |
| Independent Director | 8yrs | US$225.00k | 0.0077% $ 327.4k |
7.1yrs
Average Tenure
63yo
Average Age
Experienced Board: BKH's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 07:19 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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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 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. 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 |
|---|---|
| Michael Worms | BMO Capital Markets Equity Research |
| Michael Worms | BMO Capital Markets U.S. (Historical) |
| Julien Dumoulin-Smith | BofA Global Research |