8-K
filed November 17, 2022, 6:59 PM ET
ticker RGCO
CIK 0001069533
earnings
confidence high
sentiment negative
materiality 0.75
RGC Resources posts FY2022 net loss of $31.7M on $40.9M MVP impairment
RGC RESOURCES INC
2022-FY EPS reported
-$3.48
revenue$84,165,222
- Consolidated net loss of $31.7M ($3.48/share) includes $40.9M after-tax MVP impairment.
- Underlying net income (non-GAAP) of $9.2M ($1.01/share) vs $10.1M ($1.22) in FY2021.
- Roanoke Gas utility margins up $1.7M (4%) on SAVE programs, customer growth, industrial volumes.
- Q4 net loss $11.4M ($1.16) includes $11.3M impairment; underlying Q4 loss $0.08M ($0.01).
- Midstream borrowing costs and lower non-cash MVP earnings drove underlying earnings decline.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
RGC RESOURCES INC reported fiscal year ended September 30, 2022 results: net income $31,732,602, EPS $3.48 per share.
- Period
- fiscal year ended September 30, 2022
- Net income
- $31,732,602
- EPS
- $3.48 per share
- Result
- reported results
Exact text from the filing
consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
RGC RESOURCES INC reported quarter ended September 30, 2022 results: net income $11,415,229, EPS $1.16 per share.
- Period
- quarter ended September 30, 2022
- Net income
- $11,415,229
- EPS
- $1.16 per share
- Result
- reported results
Exact text from the filing
Net loss for the quarter ended September 30, 2022 was $11,415,229 or $1.16 per share
View on SEC.gov
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