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Dec 31, 2021
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.