Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 4, 2011
Reporting Period: Second quarter ended June 30, 2011
Key Financial Metrics
The filing reports the following results for the three months ended June 30, 2011:
- Net Income: $7.8 million
- Earnings Per Share (EPS): $0.19
Note: The filing text does not provide specific values for revenue, operating cash flow, margins, debt levels, or liquidity metrics.
Material Changes vs. Prior Period
The Company reported a significant turnaround in profitability compared to the same period in the prior year:
- 2010 Comparison: The Company reported a net loss of $8.7 million, or $0.22 per share, for the three months ended June 30, 2010.
- Change: Net income improved by $16.5 million year-over-year, shifting from a loss to a profit.
Guidance, Outlook, and Risks
The provided text contains no specific forward-looking guidance, management commentary on future outlook, identified risks, contingencies, or unusual items beyond the announcement of the quarterly results. The press release detailing these results is attached as Exhibit 99 but its content is not included in the source text.
Investor Verification Checklist
- Verify the full text of the press release (Exhibit 99) for details on revenue, operating expenses, and segment performance.
- Confirm the specific drivers behind the $16.5 million swing from net loss to net income.
- Review the Company's 10-Q filing for the quarter to obtain comprehensive data on cash flow, debt, and liquidity.