secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001437749-23-002803
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGC Resources Q1 earnings fall to $0.33/share from $0.43, citing inflation and higher interest costs
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- Net income $3.26M ($0.33 diluted EPS) vs $3.58M ($0.43) in prior-year quarter.
- Utility margins improved but higher operating costs and interest expense weighed on earnings.
- Trailing twelve months underlying net income $0.93/share vs $1.08 in prior period.
- CEO cites inflationary environment and floating-rate debt interest as key drags.
- Quarterly results not indicative of full year due to seasonal winter earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923002803/0001437749-23-002803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923002803/rgco20221209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002803

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