Black Hills Corp. on Aug. 5 booked second-quarter adjusted and GAAP net income from continuing operations of $14.6 million, or 24 cents per diluted share, compared to $24.3 million, or 45 cents per diluted share, in the comparable quarter of 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 43 cents. Its consensus GAAP EPS estimate for the quarter was 44 cents.
Results during the period were negatively impacted by weather, planned and unplanned power plant outages, a higher share count and higher operating expenses, according to the company.
Black Hills reaffirmed 2019 and 2020 EPS guidance. The company is targeting 2019 adjusted EPS from continuing operations available for common stock of $3.40 to $3.60 and 2020 adjusted EPS available for common stock of $3.50 to $3.80.