Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 6, 2010
Reporting Period: First quarter ended March 31, 2010
This filing announces the Company's first-quarter 2010 financial results via a press release attached as Exhibit 99.
Key Financial Metrics
| Metric | Q1 2010 | Q1 2009 |
|---|---|---|
| Net Income | $31.4 million | $26.4 million |
| Net Income Per Share | $0.81 | $0.68 |
| Income from Continuing Operations | $31.4 million | $25.6 million |
| Income from Continuing Operations Per Share | $0.81 | $0.66 |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity.
Material Changes
- Net Income Growth: Net income increased by $5.0 million (approximately 19%) compared to the same period in 2009.
- Earnings Per Share: Net income per share increased by $0.13, or approximately 19% year-over-year.
- Continuing Operations: Income from continuing operations rose by $5.8 million year-over-year.
Guidance, Outlook, and Risks
The provided text contains no management commentary, forward-looking guidance, specific risk factors, or discussion of contingencies beyond the announcement of the results. The filing explicitly states that the information is furnished pursuant to Item 2.02 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) for detailed revenue figures and segment performance not included in the 8-K summary.
- Verify the composition of "Income from Continuing Operations" to ensure no discontinued operations impacted the year-over-year comparison.
- Check subsequent filings for full balance sheet data regarding debt levels and liquidity, as these are absent from this report.