Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 5, 2013
Reporting Period: Second quarter ended June 30, 2013
Key Financial Metrics
The filing reports the following results for the three months ended June 30, 2013:
- Net Income: $30.5 million
- Earnings Per Share (EPS): $0.69
Note: The filing text does not provide specific values for revenue, operating cash flow, margins, debt levels, or liquidity metrics.
Material Changes Versus Prior Period
Comparing the second quarter of 2013 to the same period in 2012:
- 2012 Net Loss: $13.5 million ($0.31 per share)
- 2013 Net Income: $30.5 million ($0.69 per share)
- Change: The Company reported a significant turnaround from a net loss to net income, representing an improvement of $44.0 million in net earnings year-over-year.
Guidance, Outlook, and Risks
This Form 8-K serves to announce the second-quarter financial results via a press release (Exhibit 99). The filing text itself does not contain specific forward-looking guidance, management commentary on future outlook, detailed risk factors, or descriptions of unusual items beyond the reported earnings figures.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for detailed revenue, cash flow, and segment performance data not included in the 8-K summary.
- Verify the specific drivers behind the $44.0 million swing from a net loss in Q2 2012 to a net profit in Q2 2013.
- Check subsequent filings for updated debt covenants or liquidity positions, as these were not disclosed in this report.