8-K
filed May 5, 2023, 7:59 PM ET
ticker RGCO
CIK 0001069533
earnings
confidence high
sentiment positive
materiality 0.70
RGC Resources Q2 net income $6.3M ($0.64/share) vs loss of $24.5M year ago; underlying earnings up 25%
RGC RESOURCES INC
2023-Q2 EPS reported
$0.97
revenue$71,311,992
- Net income of $6,341,886 ($0.64/diluted share) for Q2 FY23 vs net loss of $24,494,429 ($2.89/share) in Q2 FY22.
- Underlying earnings (non-GAAP) of $6,341,886 increased 25% from $5,077,546 in prior year.
- CEO Paul Nester cited improved utility margins from customer growth and new non-gas rates.
- Twelve-month ended March 31, 2023 net loss of $1,224,411 ($0.12/share); underlying net income $10,115,158 ($1.03/share).
- Underlying net income increase driven by infrastructure replacement programs and impact of March 2022 equity offering on shares.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RGC RESOURCES INC reported quarter ended March 31, 2023 results: net income $6,341,886, EPS $0.64 per share.
- Period
- quarter ended March 31, 2023
- Net income
- $6,341,886
- EPS
- $0.64 per share
- Result
- reported results
Exact text from the filing
RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $6,341,886, or $0.64 per share, for the quarter ended March 31, 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RGC RESOURCES INC reported twelve months ended March 31, 2023 results: net income $1,224,411, EPS $0.12 per share.
- Period
- twelve months ended March 31, 2023
- Net income
- $1,224,411
- EPS
- $0.12 per share
- Result
- reported results
Exact text from the filing
Net loss for the twelve months ended March 31, 2023 was $1,224,411, or $0.12 per share.
View on SEC.gov
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