RGC Resources Q3 2021 Earnings Report

RGC Resources reported earnings of $0.07 per diluted share for the third quarter of 2021.

Key Takeaways

RGC Resources announced consolidated earnings of $610,840, or $0.07 per diluted share, for the quarter ended June 30, 2021. This is a decrease compared to the consolidated earnings of $1,206,578, or $0.15 per diluted share, for the quarter ended June 30, 2020. The decline was primarily due to lower non-cash MVP equity in earnings.

Consolidated earnings were $610,840, or $0.07 per diluted share, for the quarter ended June 30, 2021.

This compares to $1,206,578, or $0.15 per diluted share, for the quarter ended June 30, 2020.

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

The overall earnings decline was primarily attributable to the significantly lower non-cash MVP equity in earnings.

Total Revenue

$14M

Previous year: $11.1M