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Dec 31, 2024
RGC Resources Q1 2025 Earnings Report
RGC Resources reported earnings increase due to new base rates and colder weather, offset by lower equity earnings and higher interest expense.
Key Takeaways
RGC Resources reported first quarter earnings of $5,269,689, or $0.51 per share, compared to $5,019,992, or $0.50 per share, for the same quarter last year. The increase was driven by higher utility margin from new base rates and colder weather, but offset by lower equity earnings from unconsolidated affiliate and higher interest expense.
Earnings per share increased to $0.51 from $0.50 in the prior year.
Utility margin increased due to new base rates that went into effect July 1, 2024.
Equity earnings from the investment in MVP were $854,213.
Colder weather in December and strong usage by a largest transportation customer contributed to higher quarterly performance.
RGC Resources
RGC Resources
Forward Guidance
The company's future performance may be affected by factors such as inflation, customer growth, infrastructure investment, margins, gas prices and supply, geopolitical considerations, and MVP operation.