Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Report Date: February 14, 2007
Reporting Period: Three months ended December 31, 2006 (Q4 2006)
Key Financial Metrics
| Metric | Q4 2006 | Q4 2005 |
|---|---|---|
| Net Income | $20.8 million | $26.6 million |
| Diluted EPS (Net Income) | $0.62 | $0.79 |
| Income from Continuing Operations | $20.9 million | $26.0 million |
| Diluted EPS (Continuing Ops) | $0.62 | $0.77 |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity.
Material Changes
- Net Income Decline: Net income decreased by $5.8 million (21.8%) compared to the prior year period.
- Earnings Per Share Decline: EPS from net income decreased by $0.17 per share (21.5%) year-over-year.
- Continuing Operations: Income from continuing operations fell by $5.1 million (19.6%) compared to Q4 2005.
Guidance, Outlook, and Risks
The provided text contains no management commentary, forward-looking guidance, specific risk factors, or discussion of contingencies beyond the reporting of historical results. The filing explicitly states that the information is furnished pursuant to Item 2.02 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for detailed segment performance and revenue figures not included in the 8-K summary.
- Verify the specific drivers behind the 21.8% decline in net income (e.g., operational costs, regulatory changes, or one-time items).
- Confirm if the decrease in income from continuing operations aligns with the overall net income trend or if discontinued operations impacted the variance.