Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 4, 2013
Reporting Period: Third quarter ended September 30, 2013
Key Financial Metrics
| Metric | Q3 2013 | Q3 2012 |
|---|---|---|
| Net Income | $23.1 million | $34.5 million |
| Earnings Per Share | $0.52 | $0.78 |
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 $11.4 million year-over-year.
- Earnings Per Share Decline: EPS decreased by $0.26 year-over-year.
Guidance, Outlook, and Risks
The filing serves as a notification of the press release regarding third-quarter results. It does not contain specific management commentary, forward-looking guidance, risk factors, or details on contingencies within the text of the 8-K itself. The full press release is attached as Exhibit 99.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) for detailed revenue figures and segment performance.
- Investigate the specific drivers behind the 33% decline in net income compared to the prior year.
- Verify if the decline in earnings was due to operational issues, one-time charges, or regulatory changes.