Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: August 9, 2006
Reporting Period: Three months ended June 30, 2006
Key Financial Metrics
| Metric | Q2 2006 | Q2 2005 |
|---|---|---|
| Net Income | $11.8 million | $14.9 million |
| Diluted EPS (Net Income) | $0.35 | $0.45 |
| Income from Continuing Operations | $12.4 million | $15.3 million |
| Diluted EPS (Continuing Ops) | $0.37 | $0.46 |
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 $3.1 million (approximately 20.8%) compared to the prior year period.
- Earnings Per Share Decline: EPS from net income dropped $0.10 per share year-over-year.
- Continuing Operations: Income from continuing operations fell by $2.9 million year-over-year.
Outlook, Risks, and Commentary
The filing serves as a notification of the press release issued on August 9, 2006, detailing the second-quarter results. The document 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. No specific guidance, forward-looking statements, risk factors, or management commentary regarding future performance are included in this specific 8-K text.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) for detailed revenue figures and segment performance not included in this summary.
- Verify the specific drivers behind the 20% decline in net income and continuing operations income.
- Check subsequent filings for updated liquidity, debt, and cash flow metrics.
- Confirm if the decline in continuing operations income was due to operational issues or one-time charges.