Transaction to Divest Enserco Energy, Inc January 19, 2012
Overview and Transaction Benefits Enserco Energy, Inc has been an integral part of Black Hills Corps diversified portfolio of businesses for approximately 15 years; primary strategies included marketing of natural gas and crude oil…
Transaction Terms and Use of Proceeds Black Hills Corp is selling all outstanding stock of Enserco Energy, Inc to Twin Eagle Resource Management, LLC Formed in 2010, Twin Eagle is a natural gas and electricity marketing, logistics and…
Transaction Process In Q3 2011, Black Hills Corp received several unsolicited inquiries from companies interested in purchasing Enserco Energy, Inc; subsequent conversations with inquiring parties validated interest BHC provided…
2011 Earnings Guidance - Raised Black Hills Corp expects 2011 net income, as adjusted, from the combination of continuing operations and discontinued operations to be 1.90 to 1.96 per share which excludes a 0.68 per share…
2012 Earnings Guidance - Adjusted Black Hills Corp expects 2012 net income, as adjusted, from continuing operations to be in the range of 2.00 to 2.20 per share Revised 2012 earnings guidance range replaces BHCs previous 2012 earnings…
Planned Release of 2011 Q4 and FY Results Black Hills Corp expects to issue a news release regarding 2011 fourth quarter and full year results on Thursday, Feb. 2, 2012, and host a live conference call and webcast at 11 a.m. E.T. on…
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