Loading...
•
Mar 31, 2024
RGC Resources Q2 2024 Earnings Report
RGC Resources reported earnings for the second quarter of 2024.
Key Takeaways
RGC Resources, Inc. reported consolidated earnings of $6,443,390, or $0.63 per share, for the second quarter ended March 31, 2024. This compares to $6,341,886, or $0.64 per share, for the fiscal quarter ended March 31, 2023.
Earnings increased over the quarter a year ago, including $1.2 million in earnings from the Company’s investment in the Mountain Valley Pipeline, LLC (“MVP”).
Improved utility margins were largely offset by inflationary cost increases.
Roanoke Gas filed for relief through a rate application with the State Corporation Commission with rates to go into effect July 1, 2024, subject to refund.
The MVP has filed for a final permit from FERC to allow gas to flow in the next 30 days.
RGC Resources
RGC Resources
RGC Resources Revenue by Geographic Location
Revenue by Geographic Location
Virginia Revenue
CapyFin.com Forward Guidance
Forward-looking statements involve risks and uncertainties, including gas prices and supply, geopolitical considerations, expectations regarding the MVP construction and operation, and regulatory and legal challenges.