secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001437749-23-012703
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGC Resources Q2 net income $6.3M ($0.64/share) vs loss of $24.5M year ago; underlying earnings up 25%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/0001437749-23-012703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/rgco20230303_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012703

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