RGC Resources Q4 EPS $0.01, down from $0.10; FY EPS $1.16; rate case settlement $4.08M

RGC RESOURCES INC

2024-FY EPS reported $1.16 revenue$84,641,232

FY2024 net income $11.76M ($1.16/shr) vs $11.30M ($1.14/shr) prior year.
Q4 net income $140,822 ($0.01/shr) vs $1,014,175 ($0.10/shr) — drop from lower MVP earnings and higher interest.
Rate case settlement with SCC staff for $4.08M annual revenue increase, pending Commission approval.
Lower natural gas cost reduced customer bills and revenues; higher tariffs partially offset.
Mountain Valley Pipeline placed in service June 2024; more AFUDC in FY2024 boosted earnings.

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