Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 5, 2010
Reporting Period: Second Quarter 2010 (Three months ended June 30, 2010)
Key Financial Metrics
| Metric | Q2 2010 | Q2 2009 |
|---|---|---|
| Net Income/Loss | Loss of $8.7 million | Income of $24.6 million |
| Earnings Per Share | Loss of $0.22 | Income of $0.64 |
| Revenue | Not provided in filing text | Not provided in filing text |
| Cash Flow | Not provided in filing text | Not provided in filing text |
| Debt and Liquidity | Not provided in filing text | Not provided in filing text |
Material Changes
The Company reported a significant deterioration in profitability compared to the prior year. Net results swung from a profit of $24.6 million in Q2 2009 to a loss of $8.7 million in Q2 2010, representing a total variance of $33.3 million. On a per-share basis, earnings declined from $0.64 to a loss of $0.22.
Guidance, Outlook, and Risks
The filing text does not provide specific forward-looking guidance, management commentary on the causes of the loss, or details regarding risks and contingencies. The report serves primarily to announce the results and reference the attached press release (Exhibit 99) for further details.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for the specific operational drivers behind the $33.3 million swing in net income.
- Verify if the loss was due to one-time charges, regulatory changes, or operational inefficiencies.
- Check subsequent filings for updated revenue figures and cash flow statements not included in this 8-K summary.
- Confirm if the loss impacts the Company's ability to meet debt covenants or maintain liquidity.