Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: November 1, 2007
Reporting Period: Third quarter ended September 30, 2007
Key Financial Metrics
| Metric | Q3 2007 | Q3 2006 |
|---|---|---|
| Net Income | $17.5 million | $22.3 million |
| Earnings Per Share (Diluted) | $0.46 | $0.66 |
| Income from Continuing Operations | $17.6 million | $22.2 million |
| Income from Continuing Operations (Per Share) | $0.46 | $0.66 |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Net Income Decline: Net income decreased by $4.8 million (approximately 21.5%) compared to the same period in 2006.
- Earnings Per Share Decline: EPS decreased by $0.20 per share (approximately 30.3%) year-over-year.
- Continuing Operations: Income from continuing operations followed a similar downward trend, dropping from $22.2 million to $17.6 million.
Guidance, Outlook, and Commentary
- 2008 Guidance: Management provided earnings guidance for the fiscal year 2008, though specific figures are not detailed in this 8-K summary text.
- Disclosure Status: The financial results are furnished pursuant to Item 2.02 and are not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) for the specific details of the 2008 earnings guidance.
- Verify the reasons for the 21.5% decline in net income and 30.3% decline in EPS compared to Q3 2006.
- Check subsequent filings for revenue, cash flow, and debt metrics which are absent from this specific 8-K text.