RGC Resources Q2 2021 Earnings Report

RGC Resources reported earnings of $0.58 per share for the second quarter ended March 31, 2021.

Key Takeaways

RGC Resources announced consolidated earnings of $4,767,478, or $0.58 per share, for the quarter ended March 31, 2021. This compares to earnings of $5,680,316, or $0.70 per share, for the quarter ended March 31, 2020. The decline in earnings was primarily attributable to the cessation of the non-cash MVP AFUDC beginning January 1, 2021.

Consolidated earnings for the quarter ended March 31, 2021 were $4,767,478, or $0.58 per share.

Earnings for the quarter ended March 31, 2020 were $5,680,316, or $0.70 per share.

The earnings decline was primarily attributable to the cessation of the non-cash MVP AFUDC beginning January 1, 2021.

Customer growth and improved utility margins associated with infrastructure replacement programs were experienced.

Total Revenue

$28.3M

Previous year: $22.4M