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Dec 31, 2020
RGC Resources Q1 2021 Earnings Report
Reported earnings growth from improved utility margins associated with infrastructure replacement programs and customer growth as well as lower operating expenses.
Key Takeaways
RGC Resources, Inc. reported consolidated earnings of $4,723,263, or $0.58 per diluted share, for the quarter ended December 31, 2020, compared to $4,006,936, or $0.49 per diluted share, for the quarter ended December 31, 2019.
Consolidated earnings increased to $4,723,263 or $0.58 per diluted share for the quarter ended December 31, 2020.
This compares to $4,006,936 or $0.49 per diluted share for the quarter ended December 31, 2019.
Earnings for the twelve months ending December 31, 2020 were $11,280,861 or $1.38 per diluted share.
Trailing twelve-month net income increased due to improved utility margins, customer growth, and non-cash equity earnings.
RGC Resources
RGC Resources
Forward Guidance
The Company may publish forward-looking statements relating to anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters.