8-K
filed August 4, 2023, 7:59 PM ET
ticker RGCO
CIK 0001069533
earnings
confidence high
sentiment positive
materiality 0.50
RGC Resources Q3 earnings $0.07/sh vs $0.06/sh; underlying net income up; MVP Supreme Court action
RGC RESOURCES INC
2023-Q3 EPS reported
$1.04
revenue$84,972,237
- Net income $686,816 ($0.07/sh) for quarter vs $592,527 ($0.06/sh) a year ago.
- Twelve-month net loss $1,130,122 ($0.11) due to MVP impairment; underlying net income $10,209,447 ($1.03) vs $9,255,083 ($1.06).
- CEO cites improved utility margins, MVP investment, and higher interest expense as drivers.
- U.S. Supreme Court ruling allowed MVP to resume construction; new gas supply expected by winter.
- Underlying EPS decline reflects dilution from March 2022 equity offering.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
RGC RESOURCES INC reported the twelve months ended June 30, 2023 results: net income $10,209,447, EPS $1.03 per share.
- Period
- the twelve months ended June 30, 2023
- Net income
- $10,209,447
- EPS
- $1.03 per share
- Result
- reported results
Exact text from the filing
Net loss for the twelve months ended June 30, 2023 was $1,130,122, or $0.11 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
RGC RESOURCES INC reported the twelve months ended June 30, 2023 results: net income $10,209,447, EPS $1.03 per share.
- Period
- the twelve months ended June 30, 2023
- Net income
- $10,209,447
- EPS
- $1.03 per share
- Result
- reported results
Exact text from the filing
Underlying net income for the twelve months ended June 30, 2023 was $10,209,447, or $1.03 per share, compared to $9,255,083, or $1.06 per share, for the twelve months ended June 30, 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
RGC RESOURCES INC reported the quarter ended June 30, 2023 results: net income $686,816, EPS $0.07 per share.
- Period
- the quarter ended June 30, 2023
- Net income
- $686,816
- EPS
- $0.07 per share
- Result
- reported results
Exact text from the filing
RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $686,816, or $0.07 per share, for the quarter ended June 30, 2023, compared to earnings of $592,527, or $0.06 per share, for the quarter ended June 30, 2022.
View on SEC.gov
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