secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014202
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924014202/0001437749-24-014202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924014202/rgco20240226_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014202

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