Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Report Date: April 30, 2009
Reporting Period: First Quarter ended March 31, 2009
Key Financial Metrics
| Metric | Q1 2009 | Q1 2008 |
|---|---|---|
| Net Income | $26.4 million | $16.8 million |
| Diluted EPS (Net Income) | $0.68 | $0.44 |
| Income from Continuing Operations | $25.6 million | $11.8 million |
| Diluted EPS (Continuing Ops) | $0.66 | $0.31 |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity.
Material Changes
- Net Income: Increased by $9.6 million (57.1%) compared to the prior year period.
- Earnings Per Share: Net income per share increased by $0.24 (54.5%) year-over-year.
- Continuing Operations: Income from continuing operations more than doubled, rising from $11.8 million to $25.6 million.
Guidance, Outlook, and Risks
The filing serves as a notification of the press release issued on April 30, 2009, regarding first-quarter results. The text does not contain specific forward-looking guidance, management commentary on future outlook, or detailed risk factors beyond the standard legal disclaimers regarding the status of the information furnished under Item 2.02.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for detailed revenue figures and segment performance not included in the 8-K summary.
- Verify the composition of the $0.02 difference between Net Income EPS ($0.68) and Continuing Operations EPS ($0.66) to understand discontinued operations or other adjustments.
- Confirm the specific drivers behind the significant increase in income from continuing operations (e.g., regulatory rate changes, cost reductions, or volume growth).
- Check subsequent filings for updated liquidity and debt position data.