Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 6, 2012
Reporting Period: Second quarter ended June 30, 2012
Key Financial Metrics
- Net Income/Loss (Q2 2012): Net loss of $13.5 million ($0.31 per share).
- Net Income/Loss (Q2 2011): Net income of $7.8 million ($0.19 per share).
- Revenue, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide clear values for these specific metrics; it references a press release (Exhibit 99) for full details.
Material Changes Versus Prior Period
The Company reported a significant deterioration in profitability compared to the prior year. Net results swung from a profit of $7.8 million in Q2 2011 to a loss of $13.5 million in Q2 2012, representing a total variance of $21.3 million.
Guidance, Outlook, and Risks
The filing serves as a notification of the issuance of a press release regarding second-quarter results. It does not contain specific management commentary, forward-looking guidance, risk factors, or details on contingencies within the text provided. Investors are directed to the attached press release (Exhibit 99) for further information.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) to identify the specific drivers of the $21.3 million swing from profit to loss.
- Verify if the loss was due to one-time charges, regulatory changes, or operational issues.
- Check for updated revenue figures and cash flow data not included in this summary text.
- Confirm if there are any new debt covenants or liquidity constraints triggered by the loss.