RGC Resources Q1 net earnings $5.02M ($0.50 EPS) vs $3.26M ($0.33 EPS) YoY

RGC RESOURCES INC

2023-Q1 EPS reported $0.50 revenue$24,419,352

Net earnings $5,019,992 ($0.50 EPS) vs $3,256,405 ($0.33 EPS) in Q1 prior year, a 54% increase.
MVP investment contributed nearly $1.5M to earnings; improved utility margins also drove growth.
Roanoke Gas filed a rate application with Virginia SCC citing rising costs and inflationary pressures.
CEO expects completion of MVP pipeline to enhance future performance; Q1 benefit from good construction weather.

item 2.02 item 8.01 item 9.01

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 first quarter ended December 31, 2023 results: net income $5,019,992, EPS $0.50 per share.

Period: first quarter ended December 31, 2023
Net income: $5,019,992
EPS: $0.50 per share
Result: reported results

Exact text from the filing

RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $5,019,992, or $0.50 per share, for the first quarter ended December 31, 2023, compared to $3,256,405, or $0.33 per share, for the fiscal quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001437749-24-003179

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