Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Report Date: March 2, 2006
Event Date: March 2, 2006
This filing reports the completion of a significant asset sale involving the operating assets of Black Hills Energy Resources, Inc. and related subsidiaries.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a notification of a corporate event rather than a financial statement.
Material Changes
- Asset Sale Completed: On March 2, 2006, Black Hills Corporation completed the sale of the operating assets of Black Hills Energy Resources, Inc. and related subsidiaries.
- Buyer: The assets were sold to a subsidiary of Sunoco Logistics Partners, L.P.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or details regarding contingencies and unusual items beyond the announcement of the asset sale completion.
Investor Verification Checklist
- Verify the financial terms of the sale (purchase price, consideration structure) in the attached press release or subsequent filings.
- Confirm the impact of the divestiture on Black Hills Corporation's consolidated financial statements and segment reporting.
- Review the press release (Exhibit 99) for details on the strategic rationale and any remaining obligations to Sunoco Logistics Partners, L.P.