RGC Resources Q1 2022 Earnings Report

RGC Resources reported consolidated earnings due to customer growth and infrastructure replacement programs.

Key Takeaways

RGC Resources, Inc. announced consolidated earnings of $3,584,529, or $0.43 per diluted share, for the quarter ended December 31, 2021. This compares to consolidated earnings of $4,723,263, or $0.58 per diluted share, for the quarter ended December 31, 2020. The reduction in consolidated earnings is primarily due to a $1.3 million decline in non-cash equity earnings.

Consolidated earnings were $3,584,529, or $0.43 per diluted share.

Earnings decreased compared to $4,723,263, or $0.58 per diluted share, for the quarter ended December 31, 2020.

The reduction in consolidated earnings is primarily due to a $1.3 million decline in non-cash equity earnings.

Roanoke Gas continued to show improved margins associated with customer growth and infrastructure replacement programs.

Total Revenue

$23.3M

Previous year: $19.5M