Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: November 2, 2006
Reporting Period: Three months ended September 30, 2006
Key Financial Metrics
| Metric | Q3 2006 | Q3 2005 |
|---|---|---|
| Net Income | $22.3 million | ($23.9) million loss |
| Net Income Per Share | $0.66 | ($0.73) loss |
| Income from Continuing Operations | $22.2 million | ($23.8) million loss |
| Income from Continuing Operations Per Share | $0.66 | ($0.73) loss |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity.
Material Changes
The company reported a significant turnaround in profitability compared to the prior year period:
- Net Income: Improved from a loss of $23.9 million in Q3 2005 to a profit of $22.3 million in Q3 2006, representing a swing of approximately $46.2 million.
- Per Share Performance: Earnings per share improved from a loss of $0.73 to earnings of $0.66.
- Continuing Operations: Mirrored the net income trend, shifting from a $23.8 million loss to a $22.2 million profit.
Guidance, Outlook, and Risks
The filing serves as a notification of the press release issued on November 2, 2006, regarding the third-quarter results. The text does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or details on contingencies and unusual items beyond the reported financial results.
Investor Verification Checklist
- Verify the full text of the press release attached as Exhibit 99 for details on revenue drivers and segment performance.
- Confirm the specific reasons for the $46.2 million year-over-year swing in net income (e.g., operational improvements, one-time gains, or reduced costs).
- Review the company's most recent 10-Q or 10-K for comprehensive data on revenue, cash flow, and debt levels not included in this 8-K summary.