Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: May 4, 2006
Reporting Period: Three months ended March 31, 2006
Key Financial Metrics
| Metric | Q1 2006 | Q1 2005 |
|---|---|---|
| Net Income | $26.2 million | $15.7 million |
| Diluted EPS (Net Income) | $0.78 | $0.48 |
| Income from Continuing Operations | $18.6 million | $15.3 million |
| Diluted EPS (Continuing Ops) | $0.55 | $0.46 |
Note: The filing text does not provide specific values for revenue, cash flow, margins, debt, or liquidity.
Material Changes
- Net Income Growth: Net income increased by $10.5 million (approximately 67%) compared to the prior year period.
- Earnings Per Share: Net income per share increased by $0.30, or 62.5% year-over-year.
- Continuing Operations: Income from continuing operations rose by $3.3 million year-over-year.
Outlook, Risks, and Unusual Items
The filing serves as a notification of the press release issued on May 4, 2006, regarding the Q1 2006 results. The text does not contain specific management commentary on future guidance, detailed risk factors, or explanations for unusual items beyond the reported financial figures.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for detailed segment performance and revenue figures not included in this summary.
- Verify the composition of the $7.6 million difference between Net Income ($26.2M) and Income from Continuing Operations ($18.6M) to identify discontinued operations or extraordinary items.
- Confirm the number of shares outstanding used to calculate the reported EPS figures.