RGC Resources Q2 EPS flat at $0.63; MVP adds $1.2M; six-month net income up 19.4%

RGC RESOURCES INC

2023-Q2 EPS reported $1.13 revenue$57,078,728

Q2 net income $6.44M ($0.63/share) vs $6.34M ($0.64/share) a year ago; revenue down on mild winter.
Mountain Valley Pipeline investment added $1.2M to Q2 earnings; final FERC permit expected within 30 days.
Six-month net income $11.46M ($1.14/share), up 19.4% from $9.60M ($0.97/share) primarily from MVP.
Utility margins improved but offset by inflation; Roanoke Gas filed rate application with SCC for July 1, 2024.
Continued infrastructure investments for reliability and new customer growth.

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