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Black Hills Corp. (BKH) Misses Q2 EPS by 14c, Reaffirms Guidance

August 3, 2016 5:16 PM EDT

Black Hills Corp. (NYSE: BKH) reported Q2 EPS of $0.39, $0.14 worse than the analyst estimate of $0.53.Black Hills Corp. reaffirmed FY2016 guidance.

2016 EARNINGS GUIDANCE REAFFIRMED

Black Hills reaffirms its guidance for 2016 earnings, as adjusted, of $2.90 to $3.10 per share (this is a non-GAAP measure and an accompanying schedule for the GAAP to non-GAAP adjustment reconciliation is provided below), as most recently issued on Feb. 12, 2016.

2016 Earnings Guidance as Adjusted
LOW HIGH
Earnings (loss) per share (GAAP)$2.05 $2.25
Adjustments*, pre-tax:
Impairment of long-lived assets0.76 0.76
Acquisition costs0.59 0.59
1.35 1.35
Tax on Adjustments*:
Impairments(0.29) (0.29)
Acquisition costs(0.21) (0.21)
(0.50) (0.50)
Total adjustments, net of tax0.85 0.85
Earnings (loss) per share, as adjusted (non-GAAP)$2.90 $3.10

For earnings history and earnings-related data on Black Hills Corp. (BKH) click here.



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