Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 9, 2004
Reporting Period: Three months ended September 30, 2004 (Q3 2004)
Key Financial Metrics
| Metric | Q3 2004 | Q3 2003 |
|---|---|---|
| Net Income | $17.1 million | $22.4 million |
| Diluted EPS (Net Income) | $0.52 | $0.69 |
| Income from Continuing Operations | $17.3 million | $17.7 million |
| Diluted EPS (Continuing Ops) | $0.53 | $0.54 |
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 $5.3 million (approximately 23.7%) year-over-year.
- Earnings Per Share: EPS based on net income dropped by $0.17 per share.
- Continuing Operations: Income from continuing operations showed a slight decrease of $0.4 million year-over-year.
Guidance, Outlook, and Risks
The filing serves as a notification of the press release regarding Q3 2004 results. It does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or details on contingencies and unusual items beyond the reported earnings figures.
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 $5.3 million decline in net income compared to the relatively stable income from continuing operations.
- Check subsequent filings for full quarterly financial statements to analyze revenue, cash flow, and debt levels.